More
    Home Blog Page 11

    Infinix sets first vertical AI Launch with Note 50 series and Next-Gen AioT devices

    Gadgets Magazine 17
    -
    0
    Infinix sets first vertical AI Launch with Note 50 series and Next-Gen AioT devices

    AI has quickly become a central focus in both the smartphone and smart hardware industries. With the onset of 2025, the Gen Beta era has begun, driving rapid transformation in the AI space as many tech companies actively roll out their AI strategies. Recently, Infinix teased its official social media channels with the message, “Welcome to Gen Beta.” Infinix is holding a launch event on March 20, 2025, to unveil its “Infinix AI∞ Beta” strategy and introduce new products, including the NOTE 50 series and AIoT devices.

    Samsung has maintained its leadership in AI with its “Galaxy AI,” as well as with the introduction of its Home AI strategy and One UI operating system, demonstrating strong technical expertise. Additionally, OPPO has prioritized AI in its flagship products, positioning the brand to capture a share of the AI smartphone market. Infinix, on the other hand, focuses on young consumers by building mobile AI experiences that emphasize localized customization and accessibility. According to reliable sources, the Infinix NOTE 50 series, equipped with One-Tap Infinix AI∞, offers powerful on-screen intelligence—from basic Q&A tasks to advanced features like recognizing addresses and creating multiple new contacts and calendar entries. These unique features are set to launch soon, generating significant anticipation among industry experts and consumers worldwide.

    Infinix

    Expanding its ambitions beyond mobile AI, Infinix is also venturing into the AIoT space with its “AI For All” vision, aiming to seamlessly integrate advanced technology into everyday life. At its upcoming launch, Infinix will unveil a range of AIoT products, including AI rings and AI Buds. For example, the ultra-lightweight AI ring offers an effortless wearing experience while accurately monitoring health indicators such as sleep, heart rate, and blood oxygen levels—merging health and fashion. Meanwhile, the Infinix AI Buds promise exceptional noise cancellation and are expected to support translation across an unprecedented range of languages. With powerful features offered at an affordable price, Infinix is making AI truly accessible to everyone.

    Building anticipation further, Infinix has made significant strides this year. At the recently concluded MWC, the company unveiled two game-changing concepts—SolarEnergy-Reserving Technology and E-Color Shift 2.0—that have sparked widespread global discussions on AI in eco-tech and mobile personalization. This strategic AI upgrade could pave the way for new growth. The question now is whether Infinix can break through the competition, rivaling industry leaders like Samsung and OPPO, and truly make AI technology accessible to the public. All eyes are on Infinix’s upcoming AI Launch Event for what comes next.

    Stay up to date with the latest Infinix news, promos, and exclusive content by following the official Infinix Facebook page. Want to connect with fellow fans? Become an XFan and join the official Infinix Community group to engage, share, and be part of the conversation.

    TNT celebrates 25 years of bringing ‘MAX’ saya to millions of Filipinos

    Gadgets Magazine 9
    -
    0
    TNT celebrates 25 years of bringing ‘MAX’ saya to millions of Filipinos

    TNT, the value mobile brand of Smart Communications, Inc. (Smart), is celebrating its 25th anniversary in a big way as it reinforces its mission of bringing saya to millions of Filipinos.

    With the theme, “MAX Masaya sa Anibersaya 25,” TNT’s year-long celebration is marked by a wider mobile network, more value-packed offers, and more exciting experiences for subscribers nationwide.

    Philippines’ Biggest Mobile Brand

    TNT’s milestone year is made even more special by the fact that it remains the Philippines’ biggest mobile brand with close to 35 million subscribers or KaTropas as of end-2024.

    “We are thankful to our nearly 35 million subscribers who continue to make TNT the Philippines’ biggest mobile brand,” said Lloyd R. Manaloto, FVP at Smart.

    “Since the brand was launched in April 2000, TNT has always aimed to be the mobile brand that empowers Filipinos in their daily lives. We thank the trust and loyalty of our KaTropas, who continue to inspire and support us in our mission to be the ‘People’s brand’ through all these years,” he added.

    MAX Pinalawak na Network

    In TNT’s 25th year, KaTropas can expect a wider network that supports their digital lifestyles.

    TNT, along with Smart, recently launched 5G MAX in Taguig City to offer a differentiated 5G experience for subscribers marked by faster upload and download speeds and ultra-low latency for seamless online activities.

    KaTropas can expect more 5G Max areas and more cell sites to be rolled out across the country this year to provide better coverage and ensure a leveled-up mobile experience as KaTropas enjoy their favorite online activities – from working or studying online, streaming their favorite teleseryes on their daily commute, watching the latest TikTok uploads of their celebrity idols, to playing mobile games with the whole tropa.

    MAX Sulit na Offers

    TNT continues to give back to subscribers by introducing more value-packed data packs this year in line with the brand’s mission of democratizing access to meaningful innovations.

    For a limited time, new subscribers who avail of the TNT 5G SIM can enjoy up to 25 GB free Data for only PHP39. The TNT 5G SIM is available on the Smart Online Store with free delivery, and via accredited retailers nationwide.

    Moreover, to suit the evolving digital needs of KaTropas, TNT rolled out more value-packed services, such as Panalo 30, TikTok Saya 50, and Saya All 99 offers.

    Panalo 30 comes with 2 GB open access data, 500 minutes of Calls to All, and 500 Texts to All valid for 2 days for only PHP30 — perfect for those who need a reliable combination of data, calls, and texts.

    On the other hand, TikTok Saya 50 provides KaTropas with their daily dose of entertainment with its Unli TikTok, 3 GB data, and Unli Calls & Texts valid for 3 days for only PHP50.

    For even greater value for heavy data users, Saya All 99 comes with its Unli Facebook, Unli Instagram, Unli Messenger, Unli TikTok, Unli Mobile Legends, Unli Calls and Texts to All, plus 6 GB open access data valid for 7 days for only PHP99.

    TNT subscribers can register to all these value-packed offers and more by heading to the nearest accredited retailer, by logging into the Smart App or their go-to mobile wallet, or by simply dialing *123# on their smartphone.

    TNT

    MAX Exciting Experiences

    TNT is also celebrating its 25th year with more exciting and unforgettable KaTropa experiences throughout the year!

    From February 28 to March 31, 2025, subscribers can get a chance to win a spot at a special bonding session with KaTropas Kathryn Bernardo and Joshua Garcia. To join and rack up raffle entries, subscribers simply need to text TNT25 to 5858 and avail of the Saya All 149 offer.

    TNT subscribers can also look forward to more big surprises in the coming weeks and months, including instant data freebies, exclusive discounts with partners, and fun-filled on-ground activities!Join TNT’s 25th anniversary celebration by switching to the country’s biggest tropa now! To know more, visit TNT’s official website at https://tntph.com/Pages/anibersaya2025.

    Tesla PH expands charging network to Pasay and Quezon City

    Gadgets Magazine 9
    -
    0
    Tesla PH expands charging network to Pasay and Quezon City

    Tesla Philippines is excited to announce the expansion of its rapidly growing charging network with the addition of both Supercharging and Destination Charging stations in Metro Manila, enhancing the convenience and accessibility for Tesla owners across the country.

    The latest installation includes 4 V4 Superchargers now operational in Pasay at the SM Mall of Asia, located in the South Wing along Ocean Boulevard, which will be accessible 24/7. These Superchargers can deliver a peak charging efficiency of 250 kW, allowing Tesla vehicles to gain an impressive 120 kilometers of range in just five minutes of charging.

    Tesla

    The Supercharging service operates on a pay-per-use basis, providing Tesla owners with a premium charging experience at an affordable rate of PHP19 per kWh. It only costs around PHP1,140 to fully charge a Model 3 Rear-Wheel Drive, which boasts a remarkable range of up to 513km (WLTP).

    In addition to the Superchargers, Tesla has also opened its first Destination Charging site in Quezon City at the Eastwood Mall, located in the B1 Parking. These 4 Destination Chargers provide a competitive charging rate of PHP16 per kWh. The Destination Charging network is designed to be located at various venues such as hotels, resorts, restaurants, shopping centers, and other public places, ensuring that Tesla owners have easy access to charging stations while engaging in their daily activities. This strategic placement caters to those who may need to charge their vehicles overnight or during extended visits, further enhancing the convenience of owning a Tesla.

    The Tesla charging experience can be summed up by the phrase ‘Plug in, charge, and go.’ Each charging station is equipped with automated charger detection technology, allowing the charging cover to open seamlessly, making it incredibly easy for users to connect their vehicles. Tesla owners can manage their charging experience conveniently through the Tesla mobile app, where they can check the availability of chargers, monitor their charging status, and receive notifications when their vehicle is ready to hit the road. Payments for Supercharging and Destination Charging are automatically processed through the app, empowering Tesla owners with the freedom to travel without the hassle of worrying about payment logistics.

    With these new charging options, Tesla Philippines is committed to supporting its growing community of electric vehicle owners, making it easier than ever to power up their vehicles away from home and enjoy the freedom of driving a Tesla.

    Charging StationMall Of Asia, South Wing, Ocean Boulevard, PasayEastwood Mall, Quezon City
    LocationOutdoor SiteB1 Parking
    Chargers4 – V4 Superchargers4 – Destination Chargers
    Operation Hours24-hoursMall Parking hours
    Charging RatePHP19 per kWhPHP16 per KWh

    Contact Tesla Philippines at (1800) 13220087 or visit the Tesla Centre to learn more about Tesla vehicles and charging.

    Read about our Test Drive review of the Tesla Model 3 here.

    Toyota Gazoo Racing Philippine Cup 11th season 

    Gadgets Magazine 9
    -
    0
    Toyota Gazoo Racing Philippine Cup 11th season 

    Toyota Motor Philippines (TMP) is once again adding excitement to the local motorsports scene as it introduces big changes for the 11th season of the TOYOTA GAZOO Racing Philippine Cup (TGR Philippine Cup). Previously known as the TGR Vios Cup, the TGR Philippine Cup is the mobility company’s premier racing series, which aims to bring the thrill of motorsports closer to Filipinos.

    The 2025 TGR Philippine Cup season returns with an earlier race calendar, holding three race weekends: 

    • Race Weekend 1 – March 22, 2025
    • Race Weekend 2 – May 2025
    • Race Weekend 3 – August 2025

    Race Weekend 1 will be setting the pace at the Clark International Speedway in Mabalacat, Pampanga. Action-packed races await spectators as racers in the Novice Class, Sporting Class and Super Sporting Class duke it out in the Sprint and Endurance Races.

    Returning to the Novice Class are TMP president Masando Hashimoto, Reph Bangsil, and media racers John Rey San Diego and Pablo Salapantan. Joining them are Vios Cup Autocross alumna Arianne Bautista, sim racer Luis Moreno, and media racer Ian Magbanua. 

    2025 TGR Philippine Cup Novice Class champion Russel Reyes and runner-up Jamil Lacuna have been promoted to the Sporting Class, where they will face off with some of the best racers in the country. They are joined by Kody Ng, who is returning from last season to complete the Team TGR Philippines lineup.

    A new race class will also be debuting on the grid — but with a familiar car! The Legacy Class, composed of former Vios Cup racers and owners of the third-generation Vios, will be competing in their own race class in an exciting opportunity to see the legends and even former Vios Cup champions back on the track.

    Racing teams from all over the country are revving up their engines for another thrill-filled season. With a bigger prize pool at stake, the competition is more intense than ever.

    Toyota Gazoo Racing

    Fan-fun is back on track

    In the spirit of providing fun and excitement to the fans, the TGR Philippine Cup is also introducing a new race format. Car clubs of Toyota’s performance cars — the GR Yaris, GR Supra and GR 86 —  will get to push their super cars to the limits in the Club Race, a 5-lap circuit race.

    Previously, car clubs were only given access to the speedway during Track Day, where they could fulfill their need for speed on the racetracks. Now with a competitive factor, the activity brings even more thrills to drivers and spectators alike. 

    For car club members who will not be participating in the Club Race, they will still get to enjoy driving around the track during Track Day, where fans can also enjoy seeing their favorite GR performance cars zipping through. 

    Fans will also get to see the New GR Yaris in action during its racetrack debut. The GR Supra, the GR 86, and various car club’s collections will also be on display at the event. Fans can also check out the official GR merchandise store for shirts, caps, umbrellas, tumblers, and other fan items.

    There will be game booths, including the TGR GT Cup experience, where e-racing fans can put their skills to the test. Fans can also get their hands on freebies and prizes at the sponsors’ booths, and watch drifting and gymkhana exhibitions by professional drivers.

    Filipino alternative rock band Hale will also be performing their hit songs for a night of celebration. Admission to all these activities is free!

    “We talked with race fans and our customers to work out how we can make the TGR Philippine Cup even better. This led to the development of the Club Race and the Legacy Class, where fans themselves can participate in track activities,” shared TMP assistant vice president for marketing services Andy Ty. “Through events such as the TGR Philippine Cup, we hope more Filipinos can become interested in cars and motorsports, and experience for themselves the thrill of pushing the limits for better.”

    Race Weekend 1 of the TGR Philippine Cup will be broadcast live on the TOYOTA GAZOO Racing Philippines Facebook and YouTube pages. The live stream will start at 8:30AM of March 22, 2025.

    The TOYOTA GAZOO Racing Philippine Cup is brought to you by official fuel & lubricants partner Petron, and official tire partner GT Radial. This event is also supported by Toyota Financial Services Philippines, myTOYOTA Wallet, Denso, AVT, 3M, ROTA, Tuason Racing, OMP, and Kinto One.

    Follow TOYOTA GAZOO Racing on Facebook and Instagram and TMP’s official pages—Toyota Motor Philippines on Facebook and Instagram, ToyotaMotorPH on Twitter, and join the Viber community at Toyota PH for updates. 

    Level up your home with these 5 easy (and some, FREE) upgrades

    Gadgets Magazine 4
    -
    0
    Level up your home with these 5 easy (and some, FREE) upgrades

    Let’s be honest, who doesn’t dream of living in a home that’s both stylish and functional? A sanctuary where you can relax, entertain, and just generally feel good. Your home might need an extra step or two in becoming the best it can be, but the thought of renovations can often conjure up images of hefty price tags and stressful disruptions. 

    Good news, though — you don’t need to empty your savings account to make some seriously impactful upgrades at home. Awesome home upgrades that transform your living space and lifestyle can easily be simple, budget-friendly projects. Here are five ways you can go about leveling up your home:  

    1. Lighting: The Mood Setter (and Money Saver!)

    Think of lighting as the jewelry of your home: it can make or break the entire vibe. Swapping out outdated fixtures for more modern, energy-efficient options is a game-changer. Think sleek pendant lights in the kitchen, dimmable lamps in the living room, and maybe even some strategically placed LED strips to highlight architectural features. Not only will this elevate your décor, but switching to LEDs will also save you money on your electricity bill.

    Also, don’t underestimate the power of natural light. Open those curtains, clean those windows, and let the sunshine in!

    2. Declutter and Organize: The Secret to Serenity

    home upgrade

    Okay, this might not sound like an upgrade, but an organized space is essential for a modern, functional home. An organized space allows you to think clearly and function well. This includes your digital space at home – think about your cloud storage, phone, laptops and other devices where your digital files are kept. 

    For your home needs, you can also invest in some stylish storage solutions – baskets, boxes, and shelving units – to keep everything in its place. And be ruthless with your cleaning and curating: if you haven’t used it in a year, chances are, you don’t need it. Decluttering not only creates a more peaceful atmosphere but also makes it easier to find what you’re looking for (and appreciate what you already have).  This is the foundation upon which all other upgrades will shine.

    3. Greenify Your Space: Eco-friendly Upgrades

    Plants are more than just pretty decorations. They can improve your space’s air quality, boost your mood, and add a touch of nature to your home. And the best part? They’re relatively inexpensive!  

    Start with a few easy-to-care-for plants like snake plants, spider plants, or succulents. Not only will they make your space look more inviting, but they’ll also contribute to a healthier and more relaxing environment. Greenifying doesn’t stop with adding plants to the corners of your home; consider other eco-friendly upgrades like switching to energy-efficient smart appliances and reducing your water consumption. Check out what appliances or devices at home that need replacement and consider switching them up to more energy-saving tools. 

    4. Smart Home Tech: Small Investments, Big Impact

    You don’t need a fully automated “smart home” to enjoy its benefits — you can start small! 

    A smart speaker can control your music, answer your questions, and even manage other smart devices. Smart lighting allows you to control your lights from your phone, even when you’re away. A smart thermostat can help you save energy and keep your home at the perfect temperature. These little additions can make a big difference in your daily life, adding convenience and a touch of futuristic flair.

    5. Boost your Internet for FREE: You can’t miss this! 

    In today’s connected world, reliable internet is no longer a luxury, it’s a necessity.  Whether you’re working from home, streaming your favorite shows, or just trying to stay connected with family and friends, a fast, stable, and reliable internet connection is crucial. With so much activity happening online, you want to make sure that everything you do is seamless and uninterrupted — whether it’s video conferencing, working, downloading multiple large files, streaming high-definition video, or playing online games.  

    For a home internet upgrade that doesn’t break the bank, PLDT Home offers speed boost for FREE until March 31, 2025. New and existing PLDT Home customers who get a Fiber plan can enjoy a free speed boost to the next higher plan for the next six months, taking their online experience to the next level. 

    If you’re currently with a different internet service provider, now is the perfect time to upgrade your home connectivity with PLDT Home. By switching to PLDT Home Fiber Netflix 1599 plan, subscribers can enjoy a seamless and more rewarding internet experience with exclusive benefits: (1) free speed boost to the next higher plan; (2) 50% off on monthly service fees for the first six (6) months; and (3) free installation and activation fees worth PHP3,600.

    Beyond these amazing offers, subscribers who switch to PLDT Home also get a chance to win exciting smart home gadgets, including a Smart TV, PlayStation 5, tablets, and a smartwatch. This is your sign to bring that home improvement project to life.

    Get the free speedboost with PLDT Home, visit www.pldthome.com/speedboost2025.

    realme 14 Series 5G: superior processor and all-day power 

    Gadgets Magazine 9
    -
    0
    realme 14 Series 5G: superior processor and all-day power 

    The realme 14 Series 5G takes state-of-the-art smartphone performance to the next level, bringing a complete package that blends power and clarity. 

    In addition to the Triple Sony Cameras, this latest release features flagship-level processors, massive 6000mAh batteries, and outstanding SUPERVOOC Charging, delivering an all-around experience that seamlessly fits all types of users. 

    Launching on March 20, 2025, the realme 14 Pro+ 5G and the realme 14 Pro 5G meet the needs of the Squad. Be it capturing stunning photos, embarking on a rugged adventure, or requiring high performance for productivity — these devices can handle everything with ease. 

    realme 14

    Flagship-level Processors for Seamless Performance

    At the core of the realme 14 Series 5G are two powerful processors, ensuring smooth performance across all tasks. 

    The realme 14 Pro+ 5G is equipped with the Snapdragon 7s Gen 3, delivering next-generation efficiency and speed. In comparison, the realme 14 Pro 5G features the Dimensity 7300 Energy 5G Processor, optimized for power and performance.

    Both chipsets support dual 5G nano SIM cards, keeping the Squad connected with fast, stable internet at all times. Thanks to improved processing power, the Squad can effortlessly stream high-resolution content and run heavy mobile gaming titles with zero interruptions anytime using only their mobile data.

    Compared to the previous generation, both processors deliver enhanced speed and responsiveness, allowing apps to load faster and multitasking to feel incredibly seamless. 

    Minimal Downtime with Impressive Battery and Charging

    A powerhouse device needs a battery that can keep up thus, the realme 14 Series 5G features a 6000mAh battery, providing all-day power without constant recharging.

    Even with its massive capacity, the battery is packed into a slim design, making both devices easy to hold and carry. The 6000mAh Battery also has long-life capacity so the Squad can expect that their device will maintain good battery health even after years of daily use. 

    For those moments when a quick charge is needed, plugging in the phones for just a few minutes before heading out provides enough charge to last throughout the day, thanks to realme’s SUPERVOOC technology. 

    The realme 14 Pro+ 5G comes with an 80W SUPERVOOC Charge, reaching from zero to 50% in just 23 minutes and a full charge in under an hour. Meanwhile, the realme 14 Pro 5G supports 45W SUPERVOOC Charge, reaching 50% in 36 minutes. 

    Massive Storage and RAM

    The realme 14 Pro+ 5G is perfect for those who need massive storage, featuring 512GB of internal storage to keep large files easily accessible without worry. Game files, high-resolution movies, and endless recordings fit effortlessly, making it the ideal device for media lovers.

    For seamless multitasking, the realme 14 Pro+ 5G also offers up to 26GB of total RAM, thanks to realme’s Dynamic RAM Expansion technology. With 14GB of additional Virtual RAM, multitasking feels more seamless, reducing lags and improving response time, perfect for users who demand the most from their devices.

    With top-tier processors, a massive battery, rapid charging, and ample storage, now is the perfect time to pre-order the realme 14 Series 5G to get an exclusive deal.  

    Head over to any official realme Store nationwide and sign up for the pre-order list to enjoy a PHP1,000 discount, plus get a FREE TechLife Bluetooth Speaker 2 worth PHP1,799. 

    At the same time, don’t miss out on the realme 14 Series’ official launch on Facebook this coming March 20. Save the date and tune in to catch all the exciting details, features, and surprises in store for the Squad. 

    Keep posted on the latest news and announcements from realme, visit the brand’s official website, and follow its Facebook page.

    Icons of strength and resilience: Must-watch titles on Lionsgate Play for International Women’s Month

    Gadgets Magazine 17
    -
    0
    Icons of strength and resilience: Must-watch titles on Lionsgate Play for International Women’s Month

    From courtroom battles to royal palaces, newsrooms to war rooms, these five biopics on Lionsgate Play offer a powerful glimpse into the strength that defines womanhood. Imagine stepping into the shoes of women who rewrote history and showed courage in the face of powerful adversaries. This Women’s Month, give your fictional heroes a rest and dive into stories highlighting the impact of real women who defied the odds and left enduring legacies.

    Woman in Gold (2015)

    Lionsgate

    Helen Mirren delivers a compelling performance as Maria Altmann in Woman in Gold, a Jewish refugee who, sixty years after escaping Nazi Vienna, sets out to recover her family’s stolen inheritance. Her primary objective is Gustav Klimt’s famous “Portrait of Adele Bloch-Bauer I,” a painting of her cherished aunt. With the assistance of the ambitious, young attorney Randy Schoenberg (Ryan Reynolds), Maria initiates a challenging legal battle against the Austrian government, which claims the artworks as national heritage.

    Bombshell (2019)

    Bombshell shines a light on the bravery of women who dare to challenge a powerful, predatory system. It follows the stories of Gretchen Carlson (Nicole Kidman), Megyn Kelly (Charlize Theron), and Kayla Pospisil (Margot Robbie), three women who bravely confronted sexual harassment and a toxic work environment at Fox News. When Carlson made the bold decision to file a lawsuit against Fox News founder Roger Ailes (John Lithgow) for harassment, it set off a chain reaction that empowered women to come forward with their own stories. Bombshell shows the importance of solidarity and the power of women supporting each other in the face of adversity.

    On the Basis of Sex (2018)

    On the Basis of Sex chronicles the inspiring journey of Ruth Bader Ginsburg, one of the most influential figures in American legal history. The biographical drama starring Felicity Jones brilliantly portrays Ginsburg’s struggle against gender discrimination within the legal system, highlighted by a landmark case that shaped her path to becoming the U.S. Supreme Court Justice. On the Basis of Sex is a must-watch for anyone seeking a deeper understanding of the fight for gender equality, the power of legal advocacy, and the remarkable life of a woman who defied societal expectations.

    Spencer (2021)

    Pablo Larrain gives the audience a glimpse of the tumultuous mind of Diana, Princess of Wales (Kristen Stewart) in Spencer. Set over three days during the 1991 Christmas holidays at the Sandringham estate, Diana struggles with mental health problems as she questions everything about her once-beautiful marriage to Prince Charles in the wake of his extramarital affair. Larrain’s biopic might blend truth with fiction but it doesn’t gloss over the pain of a woman trapped within rigid royal traditions, fighting to reclaim her identity.

    Golda (2023)

    Set against the backdrop of the Yom Kippur War in 1973, Golda chronicles the life of Israeli Prime Minister Golda Meir (Helen Mirren) and the high-stakes political decisions she made that changed the course of history. Directed by Academy Award-winning filmmaker Guy Nattiv, the film dives deep into the mental and physical toll Israel’s first and only female prime minister had to face as a leader who would do anything to save her beloved country from the worst war it’s ever been in. 

    Keep the movie marathon going with Lionsgate Play’s diverse catalog of powerful and inspirational stories for everyone via PLDT Home and Smart.

    DoubleDragon to fully subsidize SSS contributions of 2,000 informal sector workers in the Visayas

    Gadgets Magazine 17
    -
    0
    DoubleDragon to fully subsidize SSS contributions of 2,000 informal sector workers in the Visayas

    In a landmark social security partnership, SSS president and chief executive officer Robert Joseph Montes De Claro and DoubleDragon Corporation chairman Edgar “Injap” Sia II formally signed a Memorandum of Agreement (MOA) to register DoubleDragon as a Contribution Subsidy Provider.

    De Claro thanked DoubleDragon chairman Sia for heeding the call of SSS last January for government and businesses to support Filipino workers and their families through the SSS Contribution Subsidy Provider Program (CSPP).

    He said that DoubleDragon would fully subsidize the SSS contributions for 2,000 informal sector workers in Iloilo City and Roxas City for 12 months — a total commitment of PHP18.2-M — addressing the financial barriers that prevent workers from accessing essential social security benefits.

    “This SSS contribution subsidy will not only support the 2,000 recipients but will also benefit their extended families,” De Claro explained. “It will provide these informal sector workers with the opportunity to join the SSS and gain access to its benefits.”

    He expressed appreciation and gratitude to DoubleDragon and its Chairman for supporting SSS in their new role as a Contribution Subsidy Provider. “By offering access to social security, DoubleDragon is empowering these informal sector workers to have a safety net to rely on in times of need.”

    “After all these years, almost three decades since Mr. Injap Sia took out a corporate loan from SSS in 1997 followed by continuing SSS participation in capital market issuances of DoubleDragon up to the present, we are beaming with pride to have DoubleDragon give back to SSS and Filipino workers as a Contribution Subsidy Provider,” De Claro further said.

    Under the CSPP, SSS partners with contribution subsidy providers, who may be private or government entities, who commit to paying the contributions on behalf of selected self-employed workers, land-based Overseas Filipino Workers (OFWs), and voluntary members of the SSS. The minimum subsidy period under the program is six (6) consecutive months.

    As a CSPP partner, DoubleDragon aims to make a significant impact in the lives of those who need it most – workers in the informal economy.

    “I would like to thank PCEO Jay for this contribution program, giving entrepreneurs like me a chance to be able to pay it forward and to be able to assist and help thousands of our countrymen who needed some lift in life,” Sia said.

    Sia believes that DoubleDragon’s partnership with the SSS can positively affect thousands of Filipinos. He shared that this collaboration is his way of reciprocating the assistance he received from the SSS when he was an emerging entrepreneur, noting that the SSS provided him with a corporate loan that enabled him to build a 59-room hotel in Iloilo City in 1997.

    After 28 years, Sia remains grateful for the credit facility and looks forward to a continuing, meaningful partnership with the SSS in the years ahead

    Power Mac Center backs Bataan LGU bid to upskill teachers

    Gadgets Magazine 9
    -
    0
    Power Mac Center backs Bataan LGU bid to upskill teachers

    Premier Apple partner Power Mac Center (PMC) provided the technology requirements of the Provincial Government of Bataan in its bid to accelerate capacity-building for its grade school and high school teachers.

    In a recent turnover ceremony led by Governor Jose Enrique “Joet” Garcia III, over 4,000 MacBook devices were distributed to elementary teachers and school heads, and schools with computer laboratories across Bataan. The province is accelerating the digital transformation of its classrooms by integrating technology. This initiative aims to enhance teaching and learning experiences through the adoption of digital tools and interactive learning platforms.

    “Power Mac Center is honored to extend our education solutions to the local government of Bataan and its dedicated teachers to empower them amid the increasingly tech-driven education setting. We hope to partner with more local governments and members of the academe in our mission to continuously help Filipino students be globally competitive,” said PMC director for marketing and product management Joey Alvarez.

    As a valued Education partner, the Bataan government enjoys PMC’s special support in overall servicing, from product procurement and priority service and repair to technical training for teachers, school principals, and IT personnel. This covers topics that explore the possibilities of teaching and learning with Mac and foundational resources that will help them innovate in their classroom.

    Such investment is ultimately expected to make students in Bataan more competitive and equip them with the digital skills required in the workplace now and in the future.

    “Alam natin na makakatulong ito sa inyong pagtuturo, paggawa ng inyong mga lesson plans (We know that this will help you in your teaching, creating your lesson plans),” said Bataan Vice Governor Ma. Cristina Garcia. “Makakaasa po kayo at ipinagmamalaki ko sa iba pang mga Vice Governor sa ibang probinsya na talagang ang ating SEF o special education fund ay talaga namang ramdam sa ating lalawigan ng Bataan, at talagang ibinibigay natin yung parte para sa ating education system (Rest assured and I proudly tell Vice Governors in other provinces that our SEF or special education fund is fully harnessed in our province of Bataan, and we are really giving the share for our education system).”

    The event was actually the second installment of device turnovers, following the success of the initial implementation benefiting no less than 2,500 junior and senior high school teachers and Division supervisors in 2023.

    Learning made limitless

    PMC’s Education Business group has been paving the way for digital empowerment within the academe by extending end-to-end tailored support, from the procurement and use of Apple devices and accessories to service and training.

    Its solution packages are specially designed to prepare teachers and students alike for the classroom of today and of the future. The company even accommodates Customized-to-Order (CTO) units to cater to the individual needs of schools, universities, and LGUs. With its expansive presence of over 120 retail stores nationwide, it is now easier than ever for LGUs and school administrators to accelerate their education campaigns.

    In Central Luzon alone, PMC has a retail presence in [Bataan] PMC SM City Bataan and PMC Vista Mall Bataan; [Bulacan] PMC SM City Baliwag, PMC SM City San Jose del Monte, PMC SM City Marilao, and The Loop SM Center Pulilan; [Nueva Ecija] PMC SM City Cabanatuan; [Pampanga] PMC SM City Clark, PMC SM City Telabastagan, PMC SM City Pampanga, PMC Vista Mall Pampanga, and The Loop Newpoint Mall; and [Zambales] PMC Harbor Point and PMC SM City Olongapo Central. PMC’s official service arm, Mobile Care, also has a branch at Newpoint Mall.

    Meanwhile, retail customers can also avail of the special education pricing for the iMac, MacBook, iPad, AppleTV, and Mac Mini, as well as Mac and iPad accessories at any Power Mac Center and The Loop store nationwide. The discount is extended to bonafide members of the academe, including all students, faculty, and school and IT administrators. Flexible payment options are available.

    Interested LGUs, schools, and universities can collaborate with Power Mac Center by visiting <https://powermaccenter.com/pages/education> or emailing concerns or inquiries to <[email protected]>. 

    More information on news and promos is also available in the OFFICIAL Power Mac Center accounts on Facebook, Instagram, X, TikTok, Viber, and YouTube, as well as The Loop Ph Facebook and The Loop Ph Instagram.

    Infobrief: How Southeast Asia buys and pays

    Gadgets Magazine 17
    -
    0
    Infobrief: How Southeast Asia buys and pays

    The latest InfoBrief by market intelligence firm IDC, commissioned by global payments platform 2C2P and Antom, revealed that Southeast Asia’s (SEA’s) e-commerce market is projected to reach USD325 billion by 2028. This growth is fuelled by the rapid adoption of digital payments and regional interoperability, which will unlock more opportunities for businesses in cross-border commerce. 

    This year’s research paper, “How Southeast Asia Buys and Pays 2025,” marks the fourth edition of the IDC InfoBrief since 2021. IDC surveyed 600 respondents across six Southeast Asian (SEA) markets — Indonesia, Philippines, Malaysia, Singapore, Thailand, and Vietnam — examining the evolving digital payments landscape as a whole and in each market. As the fifth largest economy in the world, SEA’s exceptional growth trajectory is largely driven by its rapidly expanding e-commerce sector, underpinned by increasing digital payment adoption.

    The InfoBrief research explores the region’s evolving digital payments landscape and provides a market-specific analysis of the payment trends in each market. It also sheds light on how these trends are reshaping business strategies and laying the foundation for future growth opportunities in the region.

    Key highlights from the IDC InfoBrief:

    It is critical to have a comprehensive understanding of SEA’s digital payment landscape to fully tap into this USD325b economy. To maximize reach within local markets, it is essential to offer customers their preferred payment methods to enhance the overall customer experience and drive higher conversion rates. 

    • Growth in ecommerce digital payments: By 2028, digital payments are expected to account for 94% of total e-commerce payments in Southeast Asia. The most significant growth can be seen in domestic payments (97.9%) and mobile wallets (94.9%), which have been instrumental in expanding the reach of ecommerce in regions that traditionally relied less on cards.
    • Surge in Real-time payments (RTPs): RTPs will see exponential growth in 2028, reaching over USD11 trillion. This is already evident in Singapore, where RTPs like PayNow are the third most supported payment method, according to surveyed merchants in 2024. The rise in RTPs in Southeast Asia is largely driven by government initiatives to reduce cash reliance and promote lower-cost, fast-payment methods that meet the needs of both consumers and merchants. 
    • Dominance of Mobile Wallets and Domestic Payments: Mobile wallets and domestic payments lead in popularity across Southeast Asia. In 2023, mobile wallets were the top choice in Indonesia, Malaysia, and Vietnam, while domestic payments dominated in Singapore and Thailand. This trend continued in 2024, with mobile wallets being the second most accepted payment method by surveyed merchants in Singapore and the Philippines and the third in Indonesia and Thailand.

    There are also significant opportunities across SEA in intra-SEA cross-border commerce. 

    • Opportunities in cross-border commerce: Intra-SEA cross-border commerce is projected to reach USD14.6 billion by 2028, a 2.8 times growth from 2023. Notably, except for Vietnam and Indonesia, average cross-border transaction values per customer surpass domestic values in SEA markets, highlighting significant opportunities for businesses operating in the region. 
    • Driving cross-border commerce with Regional Payment Connectivity (RPC): Cross-border commerce is further supported by initiatives such as the RPC, joined by all six markets in the SEA region. The collaboration aims to strengthen and streamline inter-country payments, focusing on the development of seamless, efficient, and cost-effective cross-border transactions.
    • Higher returns in cross-border commerce: For 62% of surveyed SEA merchants who sold their services and products across borders, such transactions were, on average, 21% higher than domestic transactions. Merchants stand to reap significant rewards by looking beyond their shores and building up their capacity to cater to neighboring markets.
    • Untapped potential of intra-SEA trade: Despite its promising growth, intra-SEA trade remains underutilized, accounting for only a tiny fraction of total cross-border commerce in each market. To fully capitalize on this, merchants must gain a deeper understanding of the distinctive operating environments in each market while leveraging shared advantages. By strategically addressing these factors, businesses can unlock the full potential of intra-regional trade and drive sustainable growth.

    Agnes Chua, managing director of business and product development of 2C2P, stated, “Southeast Asia’s e-commerce landscape is evolving at a breathtaking pace. Merchants recognize the immense opportunities this growth brings them in driving e-commerce revenue and acknowledge the increasing complexity it brings to their operations. This includes common challenges such as customer support and issue resolution, payment gateway integration, and technology issues. At 2C2P, we empower businesses to navigate these challenges with confidence by delivering payment solutions that simplify operations, enhance cross-border capabilities, and drive growth in the region’s rapidly expanding digital economy so merchants can quickly unlock new opportunities and thrive in this dynamic environment.”

    Gary Liu, general manager of Antom, Ant International, said, “Southeast Asia is rapidly emerging as a global hub for digital commerce and innovation. As businesses expand across borders, seamless and efficient transactions are essential for maintaining competitiveness. At Antom, we see payments not just as infrastructure but as a catalyst for business growth. By working with 2C2P and other businesses within Ant International’s ecosystem, we empower merchants with unified payment and digitization solutions covering the full payment lifecycle while exploring opportunities in global account services, financing, and treasury management to support their expansion further. Through close collaboration with local regulators and industry partners, we aim to unlock new opportunities for businesses of all sizes, helping them thrive in Southeast Asia’s evolving digital economy.”

    PLDT, Smart expand e-waste program, supporting local communities’ clamor for proper disposal of discarded electronics

    Gadgets Magazine 17
    -
    0
    PLDT, Smart expand e-waste program, supporting local communities’ clamor for proper disposal of discarded electronics

    As more and more communities strive to adopt circular practices and increasingly recognize the need for proper electronic waste (e-waste) disposal, PLDT Inc. (PLDT) and its wireless unit Smart Communications, Inc. (Smart) are gearing up to further expand their program on e-waste and support more localized ecosystems for responsible e-waste management.

    E-waste refers to broken and discarded electronics, such as mobile phones, computers, tablets, routers, and other devices with batteries and plugs. 

    According to the Global E-waste Monitor 2024 report by the International Telecommunication Union and the United Nations Institute for Training and Research, the Philippines is the third highest generator of e-waste in Southeast Asia with about 540 million kilograms of e-waste.

    “While PLDT and Smart are not direct manufacturers of electronics, we acknowledge that our delivery of services and continuous network upgrades contribute to the generation of e-waste in the country. We have thus made it part of our business to facilitate recovery and ensure proper disposal of consumer e-waste where we can.”, explained PLDT and Smart chief sustainability officer Melissa Vergel de Dios.

    In their interactions and consultations with various stakeholder communities, Smart vice president and group head for channel management Jacqueline Bocalan noted the continuously growing clamor among consumers for accessible and credible means to properly dispose of and recycle e-waste. This affirms one of the identified challenges in the Global E-waste Monitor 2024 report regarding the lack of access to proper e-waste disposal facilities and infrastructure in the country. 

    “A lot of our customer communities would reach out and ask us how they could properly discard their old devices and set up e-waste collection activities in their areas. Seeing how these matter to our customers and leveraging PLDT and Smart’s access to formal e-waste recyclers and disposal facilities, we have taken on the role of putting puzzle pieces together and helping communities establish working ecosystems for responsible e-waste management,” said Bocalan. 

    Since the launch of their “Be Kind. Recycle.” e-waste management program in July 2023, PLDT and Smart have activated almost 180 e-waste collection sites and community partners nationwide by the end of December 2024. These have led to an increase in the overall accessibility of proper e-waste disposal sites to their customers and the general public, as well as an expansion in service areas and consumer collection rates of their partner e-waste treatment, storage, and disposal facilities accredited by the Department of Environment and Natural Resources – Environmental Management Bureau. 

    e-waste

    “This program started small with just our own employees, and then we expanded to put up collection bins in some of our retail stores in Metro Manila and Luzon. Now, the program has been expanding nationwide and continues to grow organically as a business and customer-driven initiative,” shared Vergel de Dios.

    To-date, PLDT and Smart have stationed e-waste collection bins in 37 of their retail stores in Metro Manila and Luzon, in three branches of Robinsons Malls in Metro Manila, in Makati Medical Center, and in more than 80 branches of SM Supermalls nationwide. In addition, the telcos have been integrating e-waste collections in sales events and trade engagements with local cooperatives and residential communities in various parts of the country. 

    PLDT and Smart have also been rolling out e-waste collection campaigns in premises of their enterprise customers, as well as in partner school communities, particularly in different campuses of National University, Arellano University, San Beda University, and Saint Louis University, among others. 

    “We find very encouraging the youth’s support and keen interest on this program, and on circularity as a principle. Our goal is to continuously enable them to participate more actively in programs like this and encourage them to keep using their voice, creativity, and access to digital technology to make a difference in their communities,” said Bocalan. 

    As they target further expansion to more sites and community partners this 2025,  PLDT and Smart are also strengthening collaborations with their partner e-waste facilities to enhance collection process efficiency and sustainability, and report better on their quantified collective impact.

    Organizations and communities that wish to collaborate with PLDT and Smart on e-waste management may reach out to the telcos via their corporate sustainability email address at [email protected]. 

    PLDT and Smart undertake these initiatives in support of the country’s goal to transition to a circular economy and contribute to the United Nations Sustainable Development Goals, particularly Goal 12 on Responsible Consumption and Production.

    Heart health care reminders

    Gadgets Magazine 4
    -
    0
    Heart health care reminders

    Heart health is a vital aspect of wellness, yet many people overlook the importance of taking care of their hearts. 

    Cardiovascular diseases are the leading cause of mortality among Filipinos in 2023, according to the Philippine Statistics Authority (PSA), as cited by Professor Jeff Clyde Corpuz of the De La Salle University in the Journal of Public Health dated March 2024. Ischemic heart disease or coronary heart disease is the main cause of death from January to December 2022, accounting for 18.4% of all fatalities.

    “The alarming rate of heart diseases and their alarming impact on mortality rates can be considered as a public health emergency in the Philippines,” Prof. Corpuz wrote. Risk factors, including high blood pressure, high-sodium and high-trans-fat diets, and physical inactivity, contribute to the rise of cardiovascular diseases in the Philippines. 

    Given their vulnerability to cardiovascular conditions, Filipinos should be more mindful of their heart health. A great way to be more proactive about taking care of one’s heart is to think of it as a vital part of self-love and self-care. 

    Here are five heart care practices people can easily incorporate into their everyday lives:

    1. Eat a heart-healthy diet. Being mindful about what one eats is still the best way to care for the heart, especially since a typical Filipino’s diet is high in unhealthy fats, salt, and sugar. Avoid processed, canned, and fast food and eat more heart-healthy foods, such as nuts, whole grains, leafy green vegetables, fish, and lean meats.
    1. Get some exercise. Physical activity keeps the heart strong, lowering the risk of cardiovascular diseases. As a general goal, aim for at least 30 minutes of moderate exercise every day. For those who struggle to exercise due to a busy schedule or weak joints, daily walks should be enough to get your heart muscles moving. Walking helps regulate one’s cholesterol level and blood pressure, keeping your heart fit and healthy.
    1. Get enough sleep. The Philippines is the fourth most sleepless country in the world, according to the 2023 study of consumer research and data analytics company Milieu Insight. Filipino adults only get an average of six hours and 30 minutes of sleep every night, less than the recommended seven hours of “quality” sleep.

    Not getting enough good sleep can raise blood pressure, which puts extra stress on the heart and blood vessels. Set a sleep schedule and stick to it. To do that, go to bed and wake up at the same time each day. 

    People who struggle with insomnia or those who still feel tired despite getting eight or more hours of sleep should talk to their doctor to check for any sleep-related conditions.

    1. Quit smoking. The International Union Against Tuberculosis and Lung Disease revealed that 17.3 million Filipino adults, or 28% of the population, smoke tobacco. Chemicals inhaled when smoking cause damage to the heart and blood vessels, so cutting cigarette consumption is key to good heart health, as well as avoiding secondhand smoke. 
    1. Check on your heart regularly. Keeping an eye on one’s heart health can be as simple as regularly checking blood pressure and blood sugar. For Filipinos, the ideal blood pressure is 130/80 for adults and 140/90 for older individuals. A blood test is also a great way to check for comorbidities like diabetes and high cholesterol, which can raise the risk of heart disease.

    Leading A Heart-Healthy Lifestyle

    Heart diseases can take a toll on your body, mind, and finances. Taking care of your heart starts with simple, mindful choices — eating well, getting enough rest, staying active, quitting bad habits, and having the right insurance such as Sun Life Grepa Financial, Inc.’s Sun Grepa Fit and Well. This comprehensive life and health protection plan provides financial benefits for 114 covered critical conditions across minor and major stages. It can be availed at a young age up until senior years, providing protection for all stages of life. 

    “Sun Life Grepa’s products act as a safety net to protect yourself and your family in case the unthinkable happens, giving you the peace of mind to live every single day to the fullest,” Sun Life Grepa president Richard S. Lim said.

    To learn how Sun Life Grepa’s health protection plans can support your journey to a heart-healthy future, reach out to a Sun Life Grepa advisor, visit any Sun Life Grepa branch, or email [email protected].

    Skyro Flexi lets you set your own terms

    Gadgets Magazine 4
    -
    0
    Skyro Flexi lets you set your own terms

    No need to second-guess our decisions when it comes to purchasing our dream home appliances, gadgets and furniture! Whether it’s an item in our online cart or something we spotted at our favorite store, checking out just got easier with this exciting news: Skyro, one of the fastest growing financial technology (fintech) companies in the country, has introduced Skyro Flexi – a unique feature that allows customers to easily modify their payment terms at any time, with no paperwork or questions required. 

    Skyro was first introduced in Mindanao in May 2023, and following its successful launch in the region, it became a natural choice for the launch of our flagship product feature, Skyro Flexi in November 2024. Two months since its nationwide launch, almost 4,000 unique customers have already availed of the Skyro Flexi. 

    “Unlike the traditional loans where repayment terms have fixed due dates and amortization amounts, Skyro Flexi lets borrowers adjust their payment schedules and amounts instantly through the Skyro app. That’s ultimate flexibility and control whenever you need it,” explained Skyro’s head of product Dmitriy Vavulidi.

    This new loan feature was introduced in line with the company’s mission to empower Filipinos with financial solutions that help them overcome challenges, enabling them to focus on what truly matters — living a better life and sharing happy moments with their loved ones. With this new loan innovation, customers can seamlessly adjust their monthly payments through the Skyro app, whether to reduce financial strain because their priorities have changed or accelerate repayment because they suddenly have extra funds. 

    “Flexi is more than just convenience — it’s financial flexibility that helps our customers save money, reduce stress, and live life on their terms. We aim to be a reliable partner in any situation and continue to develop solutions that simplify and enhance the lives of our customers. Their loan, their rules — that’s Flexi,” concluded Vavulidi. 

    To know more about Skyro, download the app for free on Apple Store for iPhone users and Google Play for Android users or visit https://www.skyro.ph/ and follow its social media accounts, Facebook (https://www.facebook.com/skyro.philippines/), Instagram (https://www.instagram.com/skyro.ph/) and Tiktok (https://www.tiktok.com/discover/skyro).

    Security industry embraces mobile credentials, biometrics and AI — HID Study

    Gadgets Magazine 17
    -
    0
    Security industry embraces mobile credentials, biometrics and AI — HID Study

    As organizations navigate an increasingly complex threat landscape, security industry leaders are making strategic shifts toward unified platforms and emerging technologies, according to the newly released 2025 State of Security and Identity Report from HID. The comprehensive study gathered responses from 1,800 partners, end users, and security and IT personnel worldwide, and reveals a significant transformation in how businesses are approaching security, with mobile credentials and artificial intelligence emerging as key drivers of innovation.

    “The security industry is at a pivotal moment where the integration of modern technology with existing infrastructure is no longer optional — it’s imperative,” said Ramesh Songukrishnasamy, senior vice president and chief technology officer at HID. “The fact that 73% of security leaders now prioritize software-driven unified solutions shows we’ve moved beyond traditional siloed approaches. Organizations are demanding platforms that can scale with their needs while providing actionable intelligence.”

    Key findings from the report include:

    A marked increase in mobile credentials and biometrics adoption, signaling a shift away from traditional access methods

    The rapid rise of mobile credentials, with 61% of security leaders identifying their proliferation as a top trend, signals a significant shift away from traditional access methods. Nearly two-thirds are either deploying or planning to deploy mobile solutions. Concurrently, demand for biometric technologies such as fingerprint, iris, and facial recognition is on the rise: about 35% of respondents currently use biometric technology, while 13% plan to, indicating significant growth potential in this segment.

    Growing demand for unified security management solutions that streamline operations

    As organizations diversify security technology today, many security leaders (67%) are making moves to adopt software-driven security solutions, citing that unifying multiple data collection methodologies would be “somewhat” or “very important” (73%) to their organization.

    Strong preference for open platforms that facilitate seamless integration

    Interoperability has become synonymous with progress across the security industry over the last few years, and the trend continues as more than half of security professionals reported open solutions as being “extremely” or “very” important to their organizations.

    Strategic focus on converging platform solutions rather than standalone products

    Nearly two thirds of organizations and 73% of integrators and consultants report a shift toward software-driven security solutions that bridge physical and digital functions like video surveillance, access control, and intrusion detection into a more unified platform.

    Significant channel transformation driven by digital innovation

    The security channel is undergoing significant transformation driven by digital innovation. While 77% of channel partners believe they are adapting well to these changes, growing end-user demand for AI, cloud solutions, IoT integration, and advanced analytics is reshaping service expectations. To thrive, the channel must continuously evolve and adapt to meet the evolving needs of the market and keep pace with digital transformation within the security sector.

    Accelerated adoption of AI agents to enhance security operations

    AI agents are being rapidly adopted to enhance security operations. Use cases are proliferating across access control, identity management, video, and security management platforms. Key benefits cited include improved efficiency and speed of security processes (50%) and enhanced real-time data analysis capabilities (47%).

    Continued emphasis on sustainability in security decision-making, budget allowing.

    Sustainability is still a key factor in security decision-making, with 75% of security leaders now factoring it into their solution selection process. However, sustainability is not the most critical factor when selecting new solutions as security and cost-effectiveness are still the highest priority for 80% of integrators and consultants.

    The full report includes additional global data and further analysis. Read it in its entirety here: https://www.hidglobal.com/documents/industry-report-2025-state-security-and-identity 

    Filipinos lost PHP8.37B to hidden foreign exchange fees in 2023, Wise research reveals

    Gadgets Magazine 17
    -
    0
    Filipinos lost PHP8.37B to hidden foreign exchange fees in 2023, Wise research reveals

    Filipinos unknowingly lost approximately PHP8.37 billion to hidden foreign exchange (FX) fees in 2023, according to new research commissioned by Wise, the global technology company building the best way to move and manage money around the world. 

    The cost of remittances has long been a global concern, with the United Nations Sustainable Development Goal (UNSDG) aiming to lower fees to 3% by 2030. However, despite these global efforts, many Filipinos continue to pay excessive hidden fees when sending and receiving money internationally.

    Hidden fees are costing Filipinos billions – without them realizing it 

    According to Wise, over 7 in ten (72%) Filipinos surveyed stated that they “somewhat” or “fully” understand international payment costs, yet only 1 in six (18%) fully recognize the impact of hidden FX markups. In fact, nearly 6 in ten (57%) Filipinos believe they understand the cost of payments but they actually don’t, while another 1 in four (25%) are unaware of the true costs of remittances.

    Take this example: an international transfer of USD10,000 (approximately PHP578,000) advertised as “fee-free” could actually cost PHP21,187 in hidden FX markups if a 3.6% margin is applied. While upfront fees are usually stated by providers, many providers tend to add an undisclosed markup on the exchange rate, instead of using the fair, mid-market rate (the rate typically seen on Google). This means consumers often end up paying more than expected.

    The findings, drawn from independent studies by Edgar, Dunn & Company (EDC) and YouGov, emphasize the need for greater fee transparency in cross-border payments and better consumer awareness of hidden fees. 

    Who pays the price? 

    Hidden foreign exchange fees disproportionately impact Filipinos with cross-border financial needs, including parents sending funds for overseas education, overseas Filipino workers (OFWs), gig economy workers, and their families. OFWs send billions of pesos home each year, but foreign exchange markups mean their families receive less than intended, affecting essential expenses like food, education, and healthcare. 

    With over 1.5 million gig economy workers and nearly 2 million OFWs, cross-border payments are a crucial lifeline for many Filipinos. As digital financial services become more widely used, it’s more important than ever to ensure transparency in international transactions.

    The impact of hidden foreign exchange fees is felt by many Filipinos, including Gamaliel Natividad, a self-employed freelancer, who shared his experience, “As a freelancer, I rely on international payments to receive money from my clients abroad, and I used to receive payments through traditional providers. But I constantly felt like I was losing out due to hidden fees and poor exchange rates. The amount I received was always less than expected because of the markups I didn’t even know existed. Since switching to Wise, I no longer worry about hidden charges eating into my payments. The mid-market exchange rate and transparent fees mean I get more of the money I’ve earned. It has saved me both time and money, especially when managing payments from international clients.”

    This story highlights a larger issue facing many Filipinos, underscoring the need for greater transparency and affordability in international payment solutions. 

    Call for greater transparency across the industry 

    The research findings reinforce Wise’s continued global fight against hidden fees in foreign exchange transactions, in line with the Bangko Sentral ng Pilipinas’ (BSP) rules for fair and transparent pricing, which calls on all providers to:

    • Provide a clear breakdown of the costs associated with every transaction
    • Show the foreign exchange mark-up or the difference between the prevailing Bangko Sentral reference/guiding rate and the exchange/conversion rate
    • Stop using misleading terms like “free” and “0% commission,” which often hide extra charges or markups in the fine print

    Areson Cuevas, country manager, Wise Philippines, said, “At Wise, transparency isn’t just a promise – it’s built into how we operate. We ensure customers know exactly what they’re paying upfront, so they can make informed choices and get the most value from their money. The Philippines already has a solid regulatory framework in place to support transparent remittance pricing. By fully aligning with these rules, the country could unlock PHP 8.37 billion for the economy, benefiting families, businesses, and the broader financial system. Being transparent on fees is a small action that can have a huge benefit for Filipinos.”

    Wise’s commitment to the Philippines

    Wise has been expanding its presence in the Philippines to provide more transparent and cost-effective international payments. Since launching the Wise Account and Prepaid Card in May last year, Filipinos have been able to send, receive, and spend in over 40 currencies at the mid-market exchange rate (the rate that you’ll usually see on Google) —without hidden fees.

    To further improve access, Wise has integrated with InstaPay, enabling instant PHP transfers of up to PHP50,000. Larger transactions are usually processed within 24 hours, ensuring faster and more affordable cross-border payments. Additionally, the introduction of PHP Account Details allows Filipinos to receive local PHP payments directly into their Wise account without needing a traditional bank account.

    These developments reflect Wise’s commitment to making international payments simpler, fairer, and more transparent for Filipinos.

    1...101112...1,332Page 11 of 1,332
    LOG-IN

    © 2020 - Great Minds Media Inc.