Avoid Unnecessary Payment Hassles by Having More Digital Banks

With GCash having immense issues last week, many people might have experienced problems with sending and receiving money, paying for transactions, and other unfortunate incidents, which serves as a great hassle for users and a great setback to the Philippines’ digitalization.

These untoward incidents, while few and far in between, still give users enough problems some ponder on the question “are we really ready for a digitalized world?” with legitimate merits.

This problem may be alleviated by opening accounts on other digital banks.

Opening accounts with other digital banks will offer you a great alternative should one service falter, giving you a sense of relief during scenarios where you need to pay or send money.

Imagine going to a dinner date with the person of your dreams, with everything going so well, only to end up in payment problems and spoiling an otherwise great night. Now imagine your “trusted” e-wallet having issues during an emergency. That might even be more unfortunate than a spoiled date night.

After you open an account on a new digital bank, spread your finances across all your accounts and you may even reap great per annum (p.a.) interest rates as some digital banks offer up to 10 percent p.a. for new users.

Having a backup plan for everything is never a bad thing. Always remember to spread your finances so that when one fails, another one is ready. Having other digital bank accounts may help you in tough situations. (GFB)