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Category: Finance

  • Robinsons Bank’s Advisories for the COVID-19 Enhanced Community Quarantine Period

    Robinsons Bank’s Advisories for the COVID-19 Enhanced Community Quarantine Period

    Bank Branch Schedule

    Starting March 19, 2020, select RBank Branches in Metro Manila, Luzon, Visayas, and Mindanao will be open to serve you. Check the link for the complete list here: http://bit.ly/391Wr3T

    For added safety, Robinsons Bank is encouraging its customers to enroll their accounts in RBank Digital (Online Banking). This facility can handle various transactions such as Bills Payment, Fund Transfers, Balance Inquiry, and more.

    Loan Payment Grace Period

    For due dates of March 16 to April 15, 2020

    Robinsons Bank is aware of the challenges you have encountered in settling your payments for Housing Loan, Auto Loan, Personal Loan, Motorcycle Loan, and Credit loan. They are providing a grace period of 30 days for payments due from March 16 to April 15, 2020 for customers with good credit standing.

    Customers may continue to settle their loans via RBank Digital (online banking) where they can pay their bills, transfer funds, and more.

    Trust Banking Advisory

    The Bankers Association of the Philippines and the Philippines Stock Exchange have issued a memo dated March 17, 2020, allowing the Foreign Exchange/Fixed Income Markets and Stock Trading & Settlements to resume operations on March 18, 2020 and March 19, 2020 respectively.

    Robinsons Bank advises that:

    Beginning March 18, 2020, RBank Trust & Investment Group (TIG) will be accepting subscriptions and redemptions for the Money Market Fund up to trading cut-off time 11:00AM, subject to existing guidelines on settlements.

    Beginning March 19, 2020, RBank TIG will be accepting subscriptions and redemptions for the Balanced Fund and the Tax-Exempt Retirements Balanced UITF up to trading cut-off time 11:00AM, subject to existing guidelines on settlement.

    For IMA/ Trust accounts, RBank TIG will accept new placements and regular withdrawals up to trading cut-off time 11:00AM. Any unscheduled withdrawals will require pre-termination/ divestment of securities will be serviced subject to existing guidelines, prevailing market prices and applicable charges, If any.

    This will remain effective until further notice.

    For any queries or concerns, please email TrustGroup@robinsonsbank.com.ph

    PISO-FEE for Instapay and PesoNet transactions

    In line with social distancing measures and home quarantine practices, RBank is making it easier for you to transfer funds to your loved ones.

    From March 19 until May 31, RBank is lowering the service fee for Instapay and PesoNet transactions from Php 25 to only 1 peso.

    24R Hub

    Robinsons Bank’s 24R Hubs continue to be available anytime for customers’ immediate banking needs.

    This anytime banking facility allows customers to withdraw funds, deposit cash, pay bills and transfer funds via RBank Digital, and even open their accounts online.

    Visit the 24R Hub locations at:

    • Robinsons Place Manila, Adriatico, Manila
    • Udenna Tower, Rizal Drive corner 4th Ave, Bonifacio Global City
    • Cyberscape Gamma, Ruby St., Ortigas Center, Pasig

    In an effort to help contain the COVID – 19 virus, Robinsons Bank will be operating with limited services and a skeletal workforce. 

    Rbank maintains its promise of commitment to service and strives to ease the burden of its customers during this challenging time. It will continue to implement precautionary measures to ensure the safety and welfare of its customers and employees alike.

    For inquiries and concerns, you may reach Robinsons Bank through its Customer Care Center at (02) 8637-CARE (2273) or domestic toll-free 1-800-10-637-CARE (2273); or visit its website at www.robinsonsbank.com.ph. Like them on Facebook at www.facebook.com/robinsonsbank/ and follow them on Twitter @RBankCorp for the latest updates

    Robinsons Bank is the financial services arm of the JG Summit Group of Companies, one of the largest conglomerates in the Philippines. It currently ranks 18th among universal and commercial banks in the country in terms of assets amounting to Php 110.555 Bn as of September 2019.

    REFERENCE:

    Catherine Llanes

    Media Relations Manager

    T. +63 2-332-10-31 loc. 103

    M.+63 919 005 2173

    M2COMMS | M2SOCIAL | M2LIVE | PROI

  • BDO posts P44.2 billion net income in 2019

    BDO posts P44.2 billion net income in 2019

    Do you consider to continue investing, buying and doing transactions related to the products and services of BDO Unibank, Inc. (BDO) in your daily activities as part of its success in the community?

    BDO recorded a net income of P44.2 billion in 2019 from P32.7 billion in 2018 on the strong performance of its core recurring income sources. The results exceeded the Bank’s P38.5 billion guidance and translate to a Return on Common Equity (ROCE) of 12.8 per cent from 10.7 per cent the year before. The news was announced last February 27, 2020.

    Net interest income went up to P119.9 billion from P98.3 billion. Net Interest Margin (NIM) improved on continued CASA growth and improving loan mix in favor of consumer and middle market customers. Customer loans rose by nine (9) per cent to P2.2 trillion on broad-based growth across market segments. Total deposits grew by three (3) per cent to P2.5 trillion, bolstered by the eight (8) per cent increase in low-cost Current Account/Savings Account (CASA) deposits that comprised 73 per cent of total deposits.

    Non-interest income reached P60.6 billion, led by fee-based income with P35.3 billion and insurance premiums with P14.8 billion. Trading and forex gains settled at P5.7 billion. Overall, gross operating income went up to P180.5 billion.

    Operating expenses amounted to P115.2 billion, in line with the Bank’s continuing business and network expansion, as well as higher volume-related expenses (specifically, taxes and licenses and policy reserves at BDO Life). The Bank maintained its conservative credit and provisioning policies, setting aside P6.2 billion in provisions, even as gross non-performing loan (NPL) ratio was steady at 1.2 per cent and NPL cover remained high at 164.7 per cent.

    Total capital base increased to P370.6 billion, with Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET1) ratio at 14.2 per cent and 12.7 per cent, respectively, both comfortably above regulatory levels.

    Moving forward, BDO’s robust business franchise, extensive distribution network, solid balance sheet and focused growth strategy place the Bank in an advantageous position to tap growth opportunities and development thrusts in line with government priorities while remaining resilient to domestic and external challenges.

    About BDO

    BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards and credit card services.

    BDO has the country’s largest distribution network, with over 1,400 consolidated operating branches and more than 4,400 ATMs nationwide. It also has 22 overseas remittance and representative offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.

    BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of December 31, 2019. For more information, please visit www.bdo.com.ph.

    REFERENCE:

    Chesca Ortega
    PR and Events Specialist
    Roar Agile Communicators Corp
    roar.ph chesca.roar@gmail.com

  • To give more help to Taal victims BDO Remit extends waiving of remit fee on cash donations until June

    To give more help to Taal victims BDO Remit extends waiving of remit fee on cash donations until June

    With more overseas Filipinos still wanting to extend their helping hand to their kababayans adversely affected by the Taal eruption, BDO Remit has extended its free remittance campaign on cash donations sent until end-June this year.

    As of end-January, BDO Remit has collected more than P600,000 in cash donations from overseas Filipinos, remitted to different accredited foundations. Bulk of this came from the United States, Japan, and the Middle East.

    Cash donations collected by BDO Remit offices abroad are then coursed through different foundations namely BDO Foundation, ABS-CBN Lingkod Kapamilya Foundation, Inc., GMA Kapuso Foundation, Inc., and Philippine Red Cross.

    According to Genie T. Gloria, senior vice president and head of remittance of BDO, inquiries and requests (to extend the campaign) are pouring in from different Filipinos communities abroad.

    “There are still those who want to donate. With this extension, at least they can still catch up and avail of the free remittance fee when they donate to the Taal victims. Even though the COVID-19 epidemic has grabbed everybody’s attention now, the fact of the matter is the problems caused by the Taal eruption are still present. It’s still a long time before they fully recover,” she said. “If we tell Filipinos abroad that their donations are free (of fees), they are more encouraged to donate, thus, the more people we can help.”

    The remittance free campaign on cash donations to Taal victims started on January 14 and is in effect originally until March 31, 2020.

    Gloria explained that Filipinos’ inherent bayanihan spirit, wherever they may be, shines through in times like this.

    “Filipinos abroad are always willing to help. When calamity strikes back home, they are always willing to assist because they feel that’s their way of paying back for the blessings that they have received (of being able to work abroad),” she added.

    This complements the advocacy of BDO Remit to waive the remittance fees whenever the country is beleaguered by natural calamities.

    Aside from the different BDO Remit offices, the Bank’s global remit partners are also receiving cash donations for the benefit of the Taal eruption victims, including Remitly, Small World, WorldRemit, Azimo, UAE Exchange Centre, and Xpress Money. Regular remittance charges apply.

    OFs can also visit BDO Kabayan’s Facebook page to know more about this campaign.

    Earlier, BDO’s remittance office in Barcelona, Spain has organized a donation drive to the distressed victims of the Taal eruption by putting up drop-off boxes for Filipinos who want to donate in kind.

    Officers and staff of BDO Remit Spain have also visited Filipino communities in Barcelona including Filipino Asian stores, restaurants, medical providers, clinics, freight forwarders, travel agencies and grocery stores to promote their donation campaign.

    DONATION DRIVE FOR TAAL VICTIMS. Members of the Filipino community in Barcelona do their part in donating in kind to the victims of the Taal eruption, as facilitated by BDO Remit Spain.

    These donation boxes will then be delivered to BDO’s corporate social responsibility arm—BDO Foundation—for distribution to the affected areas. Filipinos living in Barcelona are mostly from Batangas and Cavite, areas that continue to bear the brunt of the volcanic eruption.

    About BDO Unibank, Inc.

    BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust and investments, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, credit card services, and stock brokerage services.

    BDO has one of the largest distribution networks, with more than 1,400 operating branches and over 4,400 ATMs nationwide. It also has full-service branches in Hong Kong and Singapore as well as overseas remittance and representative offices in Asia, Europe, North America, and the Middle East.

    BDO ranked as the largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition as of September 30, 2019. For more information, please visit www.bdo.com.ph.

    BDO Unibank, Inc.
    BDO Corporate Center
    7899 Makati Avenue
    Makati City 0726, Philippines
    Tel +63(2) 8840-7000
    www.bdo.com.ph

    REFERENCE:

    Chesca Ortega
    PR and Events Specialist
    Roar Agile Communicators Corp
    roar.ph chesca.roar@gmail.com

  • BDO Raises P40.1 Bn in Fixed Rate Peso Bonds

    BDO Raises P40.1 Bn in Fixed Rate Peso Bonds

    The Philippine banking company, BDO Unibank, Inc. (BDO) was successfully raised Forty-Billion One Hundred Million pesos (P40.1 billion) of fixed rate bonds, or eight (8) times the original offer of Five Billion pesos (P5.0 billion) on strong demand from retail and institutional investors. The one-week offer period ended last January 24, 2020, with issue date set on February 3, 2020.

    The bonds have a tenor of 2.5 years with a yield of 4.408 per cent per annum. Interest will be paid quarterly, calculated on a 30/360 count basis.

    In fact, the bond issuance was part of BDO’s continuing efforts to diversify its funding sources and support its lending activities, and follows the P35 billion fixed rate of bonds issued in February last year.

    The Hong Kong and Shanghai Banking Corporation Limited (“HSBC”) was the Sole Lead Arranger for the issue, while BDO Unibank, Inc., BDO Private Bank, Inc., and HSBC were the Selling Agents.

    To give you an idea about a fixed rate bond with regards to finance matters, is a type of debt instrument bond with a fixed coupon (interest) rate. It is a long term debt paper that carries a predetermined interest rate. In addition with, the interest rate is known as coupon rate and interest is payable at specified dates before bond maturity.

    About BDO

    BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust and investments, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, credit card services and stock brokerage services.

    BDO has one of the largest distribution networks, with more than 1,400 operating branches and over 4,400 ATMs nationwide. It also has full-service branches in Hong Kong and Singapore as well as 20 overseas remittance and representative offices in Asia, Europe, North America and the Middle East.

    BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of September 30, 2019. For more information, please visit www.bdo.com.ph.

    REFERENCE:

    Chesca Ortega
    PR and Events Specialist
    Roar Agile Communicators Corp
    roar.ph chesca.roar@gmail.com

  • Philhealth Contribution Table for Year 2019 to 2025

    Philhealth Contribution Table for Year 2019 to 2025

    I agree of the policy of the State to adopt an integrated and comprehensive approach to health development which shall endeavor to make essential goods, health and other social services available to all the people at affordable cost and to provide free medical care to paupers. [Section 11, Article XVII on Social Justice and Human Rights of the Constitution and typified in Article 1 of Republic Act (R. A.) No. 7875, as amended by R. A. No. 10606, and R. A. No. 11223 otherwise known as the Universal Health Care (UHC) Act of 2019].

    In relation with, Philhealth Circular No. 2019-009 was issued to operationalize the “Individual-based health services” for all Direct Contributors of the National Health Insurance Program (NHIP) by providing set of rules and guidelines on the payment mechanism pursuant to R. A. No. 78775, as amended by the Universal Health Care Act.

    The Circular also stated of the Premium Contribution Table for Direct Contributors and the monthly premium contributions shall be in accordance with the premium rates and monthly income/basic salary floor and ceiling prescribed in the said Act, as follows:

    Please refer https://www.philhealth.gov.ph/circulars/2019/circ2019-0009.pdf of the full text of Philhealth Circular No. 2019-009.

  • Promote Your Business Online! Learn How by Joining a Social Media Marketing Workshop

    Promote Your Business Online! Learn How by Joining a Social Media Marketing Workshop

    Are you on Facebook, Instagram, or YouTube? If you spend two to three hours daily merely scrolling on your feeds, why not earn from these social media platforms?

    I’m sure you have thought about possibly selling a piece of pre-loved jewelry or outfit. This can help you earn a few bucks to add to your travel funds.

    Why not pursue it, or maybe start your own online business?

    If you wish to start one in 2020, social media is a great tool to promote your products or services among your target customers. 

    Aside from building your own website or printing marketing materials such as brochures and business cards, it would be best if you considered investing in social media campaigns. 

    Here’s why:

    Your customers are on social media.

    To increase your sales, you have to expose your products or services to as many prospective customers as possible. Social media allows you to promote your brand to a large number of people in a short amount of time.

    The Digital in 2017 report showed that Filipinos spend an average of 4 hours and 17 minutes daily on social media sites such as Facebook, Snapchat, and Twitter. On Facebook alone, 47 Million Filipinos have an account and can learn about your brand if you know how to use this platform.

    You only need a small budget to advertise on social media.

    Imagine putting up a physical store and renting a place where you can display your products, versus creating an account on Facebook or Instagram where online customers can learn about your business. Which do you think costs less?

    You can spend at least $2-$5 a day to run ads on Facebook. And if you know tips on how to advertise, this simple effort can be profitable for you.

    Setting up on social media is easy.

    You do not need to hire an expert marketer to do the work for you. As long as you have your copy with an image or video to go with your advertisements, you can run them on any social media platform in a few steps.

    However, not everyone knows how to get this done, especially newbies. Often, online store owners will post and share random content that doesn’t get them viewers or buyers.

    If you want your social media marketing efforts to be productive, learn what works or not from a workshop that I’d like to recommend to you.

    Branding and Social Media Marketing Workshop 

    Writing Hacks Academy invites you to join an upcoming social media marketing workshop to learn how you can maximize Facebook, YouTube, and Instagram to promote your products or services.

    Event Title: Branding and Social Media Marketing Workshop for Online Sellers

    Venue: The Picasso Boutique Serviced Residences Makati City

    Schedule: February 1, 2020 Saturday 9am to 5pm

    Event Registration Page: http://bit.ly/brandandsocialmediaph

    Here’s what you’ll learn from the event:

    • A Basic Branding Checklist you can use to enhance the content, words, and images you post on social media
    • Facebook Marketing including Increasing awareness, boost strategies, analytics, and increasing your chance to create viral content
    • Targeting your market using social engagement and groups
    • Leveling up your Instagram through keywords, hashtags, and feeding goals. Plus, basic tips on flat lay and mobile photography
    • Common myths in YouTube marketing and sure ways to gain video views and followers

    Sign up using my affiliate code SM-WILMAR when you register on or before January 18, 2020 to claim an extra 15% off the regular rate. Visit  http://bit.ly/brandandsocialmediaph.

    The best thing about this workshop is gaining insights from the speakers who are entrepreneurs themselves.   Are you planning to put up a fashion or beauty store? Want to raise the number of your YouTube followers? Interested in selling digital products like e-books or courses?

    The mix of resource persons in this event have experiences in all these!

    Resource Speaker 1: Via Tancuan 

    • Fashion and Beauty Blogger, Serial Entrepreneur
    • Founder Mermaid Island, Versaheel, Cosmov, and Vittle Valley.
    • Worked with various lifestyle brands including Globe, SM Supermalls, Pantene, Whisper, Timberland, Madison Hotel, Francis Libiran Couture, and more.

    Resource Speaker 2: Matt Tran

    • Founder and Content Creator of YouTube channel Engineered Truth
    • 400,000+ subscribers and most popular career channel in the US
    • Experienced Amazon FBA Seller and Online Business Expert

    Resource Speaker 3: Jonah Chipeco

    • Content Marketer and Founder of Writing Hacks Academy
    • Delivered over 60 successful public seminars since 2016 to various clientele including teams from Ayala Land, Dentsu Aegis Network, The Presidential Communications Group, and more!
    • Named by Marketing in Asia as one of the Top 100 Filipinos to follow on LinkedIn for 2019

    Writing Hacks Academy  equips professionals and entrepreneurs with the basic writing skills they need for their career or business through workshops, online courses, and learning resources. The event is in partnership with Manila Workshops, Sayonato Branded Bags for Less, and Mermaid Island. Email admin@writinghacksacademy.com to learn more.

    Sign up for the Branding and Social Media Marketing Workshop using my affiliate code SM-WILMAR when you register on or before January 18, 2020 to claim an extra 15% off the regular rate. Visit  http://bit.ly/brandandsocialmediaph.

    Reference:

    Jonah Chipeco
    CEO / Trainer
    Writing Hacks Academy
    m:09569025806
    a:Calamba Laguna, Philippines
    w:writinghacksacademy.com  e: admin@writinghacksacademy.com
  • BDO is the Philippines’ Strongest Bank for 2nd straight year

    BDO is the Philippines’ Strongest Bank for 2nd straight year

    BDO Unibank, Inc. keeps its #1 position in the local banking industry after The Asian Banker named it 2019’s Strongest Bank by Balance Sheet in the Philippines for the second straight year.

    The Asian Banker Strongest Banks by Balance Sheet is “the most comprehensive annual evaluation that captures the quality and sustainability of the balance sheets of the banks in the Asia Pacific, Middle East, and Africa regions.” Banks are rated on a scale of 0-5 and ranked based on the following performance indicators: scale, balance sheet growth, risk profile, profitability, asset quality, and liquidity.

    The Asian Banker underscored BDO’s healthy balance sheet and profit as well as its low non-performing loan (NPL) ratio and high loan loss reserves to gross NPLs ratio.

    BDO recently reported growth in third quarter earnings at P32.1 billion from the previous level of P21.5 billion in the same period last year. The bank attributes its net income to the expansion of its recurring core revenues, complemented by the sustained increase in fee incomes and life insurance premiums. It translates to a Return on Common Equity (ROCE) of 12.5%, compared to 9.5% in 9M18.

    While its nine-month net income brings it closer to its full-year earnings guidance of P38.5 billion, the bank remains steadfast in capitalizing on the country’s solid economic pace and growth opportunities in underserved and emerging markets, leveraging its focused growth strategy, strong business franchise, solid balance sheet, and extensive geographic reach.

    Strongest Bank in the Philippines. BDO is named by The Asian Banker as 2019’s Strongest Bank by Balance Sheet in the Philippines for the second straight year. BDO’s Walter Wassmer (2nd from left), senior executive vice president and head of institutional banking group, received the award from The Asian Banker’s (from left to right) Foo Boon Ping, managing director; Faith Masekesa, senior research; and Wilson Chia, international resource director on October 10 at the Shangri-La at the Fort.

    The Asian Banker evaluates strength “based on a belief that a strong bank demonstrates long-term profitability from its core businesses.” Through its yearly Strongest Banks by Balance Sheet, the Singapore-based publication provides financial intelligence by assessing banks and financial holding companies in emerging and mature markets with a substantial amount of activity in commercial banking.

    About BDO Unibank, Inc.

    BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust and investments, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, credit card services, and stock brokerage services.

    BDO has one of the largest distribution networks, with more than 1,300 operating branches and over 4,400 ATMs nationwide. It also has full-service branches in Hong Kong and Singapore as well as 21 overseas remittance and representative offices in Asia, Europe, North America, and the Middle East.

    BDO ranked as the largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition as of June 30, 2019. For more information, please visit www.bdo.com.ph.

    BDO Unibank, Inc.
    BDO Corporate Center
    7899 Makati Avenue
    Makati City 0726, Philippines
    Tel +63(2) 8840-7000
    www.bdo.com.ph

    Reference:

    Chesca Ortega
    PR and Events Specialist
    Roar Agile Communicators Corp
    roar.ph chesca.roar@gmail.com

  • How to Enjoy Secure and Convenient Shopping This Holiday Season

    How to Enjoy Secure and Convenient Shopping This Holiday Season

    PayPal gives 5 practical tips for safe online shopping 

    Christmas is officially in the air. The parols are out, Jose Mari Chan is dominating the airwaves, and Filipinos are checking off items on their holiday shopping lists. The festive season also brings with it the stress of navigating heavy traffic and long lines at retail stores. That’s why many opt for online shopping instead. 

    Ecommerce continues to gain popularity in the Philippines,1 with convenience and security being the key drivers for this trend.2 And why not shop online? The bargains are there, the selection is vast, and payment is convenient. 

    With online shopping expected to increase in the weeks leading up to December, opportunistic cyber criminals will be looking to prey on vulnerable online shoppers. According to cybersecurity firm Kaspersky, the Philippines was the fifth-most targeted country after Algeria, Nepal, Albania and Djibouti. This was attributed to the general carelessness and lack of online security awareness among Filipino Internet users, leading to a large number of drive-by download attacks.3 

    But being aware of these threats can ensure that your time spent after Boxing Dayis with loved ones and not customer service representatives. PayPal, one of the world’s leading commerce enablers, offers practical tips on staying safe while shopping online this season. 

    1. Only shop on secure websites.Start at a trusted site. Search results can sometimes lead you astray, and sales on other sites might look enticing, but make a few checks before giving up your info to any website.  

    Look out for the padlock icon on sites and ensure that they start with “https” before entering your account information and password. This means that the site is secure and any financial or personal details that you provide are encrypted. 

    To be extra careful, a quick check to see if this website has a social media presence can uncover reviews to see if there are concerns raised by other customers. 

    Also, beware of misspellings or sites using a different top-level domain (.net instead of .com, for example)—those are some of the oldest tricks in the book. 

    1. Use a strong password.A secure, unique password for each of your online accounts is never more important than when banking and shopping online. A strong password should be: more than 8 characters long; use upper case, lower case, a number, and a special character; not a word or date associated with you; a combination of words with unusual capitalization, numbers, or a special character; and most importantly, something you can remember. 

    But even a perfect password isn’t perfect. Another option is to use a password manager to create virtually uncrackable passwords for you. It’ll also keep track of them and enter them, so you don’t have to think about it. 

    1. Opt for 2-factor authentication.Having 2-factor authentication can prevent loss of confidential information & can prevent data from being hacked. This security measure has been used to control access to sensitive data and systems, and online services are increasingly introducing 2-factor authentication to prevent their users’ data from being hacked. It also prevents fraudulent transactions when someone tries to transact using your data. 
    1. Use Trusted Online Payment Systems.Link your credit card to your PayPal account to not just shop securely, but to also enjoy rewards such as cashbacks and rebates as well. Aside from being able to link multiple credit cards to your account, using PayPal to complete your online purchases keeps your financial details more secure while still enabling you to enjoy the rewards associated with each card (contact your card issuer for details). 

    PayPal’s Buyer Protection policy also covers eligible purchases, should anything go wrong with your purchase. 

    1. Beware of Phishing Emails.During key shopping periods like the Christmas season, you are likely to be swamped with festive e-mailers from your favorite online stores telling you about their fabulous promotions. While it may be tempting to click through, keep a lookout for tell-tale signs that it could be a phishing email. 

    PayPal’s world-class cyber defence centre provides coverage 24/7, 365 days a year. Through coordinated efforts, the company has successfully shut down 500,000 fraudulant websites annually. Lookout for potential red flags, such as poor grammar or spelling, and URLs and domains that don’t match the sender before clicking through the links. 

    About PayPal 

    PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering 300 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com. 

    Reference:

    Catherine Llanes

    Media Relations Manager

    T. +63 2-332-10-31 loc. 103

    M.+63 919 005 2173

    M2COMMS | M2SOCIAL | M2LIVE | PROI