Certified payment providers 1
Market coverage 1
["Philippines"]
Philippines
Philippines
Currencies 2
- Philippines Peso
- United States Dollar
Description
Smart Money is indeed a payment method in the Philippines offered by Smart Communications, one of the major telecommunications service providers in the country.
Smart Money is an electronic wallet service that allows users to perform financial transactions using their mobile phones. Users can load their electronic wallet by depositing money with Smart Communications’ authorized partners or by using the online banking services of certain Philippine partner banks. They can then use their electronic wallet to make payments, transfer money to other users, withdraw money from ATMs, and more.
Smart Money is often used for online transactions, including online purchases, bill payments, flight and hotel bookings, and more. It is also commonly used for money transfers between individuals, especially for migrant workers sending money to their families in the Philippines.
It is worth noting that Smart Money is not the only electronic wallet service available in the Philippines. There are also other popular electronic wallet services such as GCash and PayMaya, as well as online payment services such as PayPal and Dragonpay.
