Panukalang i-waive ang small-value transactions sa e-wallets, inihain sa Kamara;
Panukalang i-waive ang small-value transactions sa e-wallets, inihain sa Kamara;
Isang consumer group, pabor sa naturang panukala
Isang consumer group, pabor sa naturang panukala
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NewsTranscript
00:00 Do you like to shop using your e-wallet because it's more convenient?
00:04 But you still have to budget because there's a transaction fee.
00:09 That's the problem that was solved by a lawyer in the camera.
00:13 Find out more at the center of the news of Sue Jin Kim.
00:17 Are you one of those who work, work, work even during this holiday season?
00:23 So there's no time to buy gifts
00:27 and even during the preparation of the family's celebration?
00:31 Well, for sure, online shopping and online food delivery is your partner.
00:36 But it will be more hassle-free.
00:40 Many of our countrymen are using electronic wallets that are in vogue now.
00:46 But there's one worry.
00:48 The transaction fees that are charged for loading e-wallets.
00:53 This problem was solved by the House Bill 9749
00:59 of Cagayan de Oro City First District Representative, Lordan Suan.
01:03 His goal is to waive small value transactions
01:06 of a value that does not exceed 2,000 pesos.
01:10 In his opinion, it's not only about cashing in money in e-wallets
01:15 but also about cashing out and transferring funds to a bank account.
01:20 It's supported by a consumer watch group.
01:23 According to the free consumer,
01:26 it will help ensure that every Filipino will have the ability and opportunity
01:33 to be a part of a fast and organized market and service,
01:37 especially when the e-wallet is considered as his bank account.
01:41 First, let's go back to the concept of e-wallet.
01:46 E-wallet is essentially a bank account.
01:48 We can say that it's a method or method that is provided by a financial institution
01:55 and regulated by the Central Bank of the Philippines
01:58 to ensure that there is a proper and fast monitoring.
02:03 If small value transaction fees are waived,
02:06 more people will be able to use financial wallets
02:10 and manage their savings.
02:13 Because now, there are still fees,
02:16 even if the fees are small,
02:19 whether it's paying a bill or finalizing a transaction through e-commerce.
02:25 So with that, if this is passed,
02:27 more people will be able to use this financial e-wallet.
02:32 We will reduce the barrier of entry of costing.
02:35 Of course, people are sometimes afraid of opening an e-wallet
02:39 because it's related to costing and financial implications.
02:46 But at least, if this is passed,
02:49 the transactions that we can say are daily,
02:53 like farm-to-table or expedient transactions,
02:57 we can really speed up.
02:59 Even so, in the consumer group's view,
03:01 there is still something that needs to be fixed in the so-called assessment,
03:05 like what is the value of small value transactions that can be waived.
03:10 This explains that it should be based on data and a thorough assessment of transactions
03:16 to ensure that it is also fair to e-wallet providers.
03:20 Salinas also reminded the public,
03:22 whether you are a bank or an e-wallet, you are hiding money,
03:26 it's better to be careful in spending your money that you worked hard for.
03:31 Always pay yourself first.
03:33 Granted, during Christmas, there is always a bonus,
03:41 or we receive gifts, or if I'm the one who receives gifts,
03:46 set aside our money for ourselves first.
03:49 Set aside how much we can save.
03:53 Let's save.
03:55 We don't know whether it's in e-wallet or any other form or traditional bank.
04:00 Soojin Kim, for the people.