Viber Rakuten will launch a new e-wallet this 2025

-
Viber Pay might launch soonAs per GMA News, Viber Rakuten Philippines announced the possible launch date of their newly digital wallet in the Philippines on Tuesday, February 18, 2025 during the held media briefing at Bonifacio Global City, Taguig City. Rakuten Viber will be the first social messaging app in the Philippines to offer a fintech solution. The Viber CEO Ofir Eyal, said on Tuesday that they intend for its e-wallet service to integrate with their messaging app to lessen the hassle or the “friction”, between the payment platforms and messaging apps when making purchases or doing a remittance.

Viber Pay, as named on the e-wallet that will be embedded in the Rakuten Viber App, will help to make dynamic and smooth payment transactions between the customers and businesses in the app. It will also simplify the money transaction of the users between the other users, as all of their transactions, references, and traces will just be within the single app. Users will not go to other e-wallets, banks, and other fintech apps to make a transaction; take a screenshot, and send it in the messaging app. This so-called friction is the gap that the Rakuten Viber Philippines wants to fix of.

As a future financial technology firm in the Philippines, Rakuten Viber also said that they are constructing a possible partnership between the other banks, developing debit cards, credit cards, and the reward system. For the e-wallet top-up methods, users will be able to fund their wallets using the other e-wallets like GCash and Maya, and bank transfers and over-the-counter methods.

To unlock the full features of the Viber Pay, user will be undergoing account verification or KYC which user will submit their ID and selfie. Once the account is verified, the user can send money to other users for free with the QR code, withdraw funds, and increase their monthly transaction limit from 50,000 to 100,000 pesos.

The messaging app also announced the upcoming new ad formats on the platform, such as full-screen ads, video ads, and generative response ads.

Viber Pay will be the next financial technology firm in the Philippines with possible high gross, demands and competitive in the market.

Share your thoughts with us about the upcoming e-wallet using the comment section below.

Other related Articles:

Comments

Post a Comment

Leave your comment ...

Popular this week

5 advantages of being a Card Bank member

-
Image
Financial security is what we always aimed for. This is the reason why we wake up every day, why we go to work and do job tasks hardly, and why we fight for our kids future. The financial security will give us an assurance to live without worrying about bills to pay and money to spend for needs. Do we have this mindset? To become financially stress-free in the future before our aged stage.Though most of us are living from paycheck to paycheck, we have goals in life to leave this behind. We have dreams to fulfill. Maybe the reason why you are still in the rat race is that you have no financial plan yet; you have not yet started to build your dreams, or you don't know how to start with it.  You have dropped in on this blog because you have a real goal to become successful in life and become financially secure. Let us explain to you, "Why do you need to join a financial organization or institution like a card bank?"Before we discuss anything about this bank institution, we ...
Read more

List of BSP Licensed Digital Bank in the Philippines

-
Image
Digital banks are a new legal and formal category of banks in the Philippines since 2020, when Banko Sentral ng Pilipinas opened the application of digital banks in the Philippines. The Digital Banks are no physical branches; all of their transactions will process online using their mobile application. Receipts, queries, and other banking transactions will be done through an end-to-end electronic portal.   Here is the list of BSP-licensed digital banks in the Philippines: 1. Maya Bank, Inc. Maya (formerly Paymaya) is the number 1 bank in the Philippines in terms of users and assets. They offer a high interest rate on your savings, revolving credit limit, personal loan, top-up, crypto, bill payment, investing, and other banking services. Website : https://maya.ph Email : support@maya.ph Hotline : (+632) 8845-7788 Address : 6/F Launchpad Center, TV5 Media Center Complex, Reliance corner Sheridan Streets, Barangay Buayang Bato, Mandaluyong, Metro Manila, Philippines   2. UnionDig...
Read more

How to recover your Konek2Card Card Bank Online Account if you have lost your mobile number?

-
Image
Mobile number is one of your special keys to recover your online banking accounts, e-wallets, lending apps, and even all your social media accounts where your cellphone number was connected. In the recent year, the mobile number registration was implemented, which means your personal identity is now linked to your mobile number, and all of the registration was done on the telecommunications portals themselves. So, losing your mobile number is not just simple but really a big deal. Not just for recovering your social media accounts, bank accounts online, or even in e-wallets, but also a worry of losing your security. Though in case you have lost your mobile in any case of losing it through theft, misplacement, or defect, always call the telecommunication company of your number and report the incident for blocking or holding your number for any possible transactions that may use the number. After you have been reporting, you can request a number recovery or SIM replacement on your lost S...
Read more

Landbank offer new emergency loan to all Government Employees, Pensioners

-
Image
Landbank, the state-owned bank, launched a new loan offer for all eligible government employees and pensioners. This is to help government employees in times of emergency expenses and other urgent financial requirements. The Pension and Emergency Relief (PeER) loan facility offers from 20,000 pesos up to 100,000 pesos. Landbank will add a 10% per year interest rate to your loan. Which is lower than other emergency loans offered by the financial sector like 5-6, OLA's, and e-wallets.   All interested individuals are encouraged to visit any Landbank branches nationwide and/or call the Landbank hotline number to help in facilitating the offer.   On the report of Abante, the House Committee on Labor and Employment chairperson at Rizal Rep. Fidel Nograles said, "Maganda po ang bagong loan program na ito upang may legal na malalapitan ang ating mga kawani ng pamahalaan at pensiyonado sa halip na lumapit sa mga nagpapa-'5-6'.”   Nograles believes that PeER will h...
Read more

From Bitcoin to Digital Ledger Technology: Transforming Financial Systems of the Philippines

-
Image
The Bitcoin is the first virtual cryptocurrency released on January 3, 2009, by an unknown individual or group of developers who used the pseudonym Satoshi Nakamoto. Bitcoin is the pioneering of blockchain technology—the backbone of all cryptocurrency. Blockchain is the enter-connected nodes where all users have their own copy of transactions between the network. The nodes are a self-verifier of each transaction in every second to the entire chain—so called the ledger. However, Bitcoin is a decentralized virtual currency, which means it is not regulated by any states, and it was established by the private sector. Like the other cryptocurrency, it was launched and developed through public demand, aiming to make dependents not controlled by any government or state. In the nature of cryptocurrency, the public uses it as regular currency as pay for gigs, suspectedly used for illegal payment transactions and money laundering. Due to its high demand for virtual currency, Bitcoin, altcoins, ...
Read more

Digital Banks will boost Philippines' Economy

-
Image
  The Philippines Central Bank is ready to add 4 digital banks in addition to the previous 6 digital banks licensed to operate. On January 1, 2025, the application was started for the new digital bank's application, where some applicants are foreign banks. The digital bank is a virtual service of banks, the same as physical banks but with no physical branches. They have a single branch located in a country to accept walk-ins or to do their daily business paper operations. Banks help thousands of businesses all over the country by providing them with financial services such as loans to fund their businesses and other banking services to make their financial transactions easier. Digital banks so far provide billions of pesos to businesses and individuals. Many businesses expanded through the help of banks, and they have become successful, and more individuals have granted their dream businesses with the help of digital banking. It is so easy for anyone to apply for a business loan an...
Read more

Cashmum Lending App Review | The things you need to know!

-
Image
Cashmum is one of the online lending applications in the Google Play Store that offers non-collateral loans. They will give you a fascinating, smooth deal with your approved loan. However, same with our reviews from other OLAs (online lending apps), non-collateral and fast-approvable loans offered by the lenders online have a counter return to their clients, such as the high interest fee, processing fee that is greater than the interest, and other miscellaneous. Cashmum App and cashmum.ph are operated by Cashmum Lending Investors Corporation with issued Company SEC registration number CS202102336 on February 26, 2021. In the Google Play as of November 22, 2024, the CashMum application has 10,000+ downloads and 42 reviews at 2.6 ratings, which is poorer to recommend. Let's dig deeper into the reality of this online lending app.   Is Cashmum legit or not?  Don't worry, Cashmum is a legitimate online lending application because they are a SEC-registered company wit...
Read more

Sloan and SPayLater Users Review and Guide

-
Image
Sloan and Spaylater are both Financial services provided by Shopee Philippines for their selected users. These financial features offer buy-now-pay-later and cash loans so that users can enjoy their shopping experience in the app. SeaMoney (Credit) Finance Philippines Inc. is the financing company of Sloan and SPayLater in the Philippines, which is part of the Sea Group - operating seven markets in Southeast Asia, including Taiwan. It was registered as a finance and credit provider in the Security Exchange Commission on August 4, 2020, with registration number CS202005382. In part of their mission to better the lives of individuals and Businesses in Southeast Asia through technology, SeaMoney serves the financial needs of Filipinos through SeaMoney (Credit) Finance Philippines Inc. and SeaBank . What is Sloan? Sloan is a cash loan offered by Shopee Philippines, in which users can borrow money with the approved credit limits on the platform. Sloan is limited only to the selective users ...
Read more

How to Increase your Maya Easy Credit Limits?

-
Image
Seems Maya hard to increase your Maya Easy Credit limits. What do you think are the factors affecting your limit increase? As Maya is finding hard to stand alone in providing financial services after being converted into a Digital Bank from a regular E-wallet they are hard to give an immediate increase to its users. Maybe they carefully analyze the behavior of their users before providing loan limits. In comparison as Gcash has two financial firms providing Loan Services to the app users and has multiple partnerships with different financial firms, Maya is a bank providing financial services coming from its own alone to provide loans, finance services and cater other banking services including crypto trading. What factors may be affecting your possible Maya Easy Credit limit increase? Showing your love and trust in the app is the best way to increase your limit. Maybe you have no savings in Maya, so why you can not try to save regularly in Maya savings or open a time deposi...
Read more