The payment system like that of Gcash has started to evolve. Since it can effect the transfer of funds, other services can be had:
1. Loans - (overnight on load)
2 Deposits (5 to 6%)
Expect more businesses to come forth. Others will follow suit: Giga, Pay pal, and other payment platforms. Will CB intervene, and actively regulate this system like it regulates the banking sector
Expect banks to be irrelevant, what with great accessibility of this platform (about 70 million) The banking platform will change Will BPI BD Banco de Oro still be the dominant banks?
All ready the online stores have wrecked havoc on brick motar stores. 16 of them closed in the US
