From cash to digital wage payments in the Philippines: Win-win for enterprises and women employees
The COVID-19 pandemic has accelerated the development and adoption of digital payments, however challenges remain, particularly for low-income women workers and small enterprises. The ILO, in partnership with Women’s World Banking, assessed the awareness, use and acceptance of digital wage payments among enterprises and workers in the Philippines. The research study analyses the financial behaviors and attitudes of Filipino workers and the benefits and challenges for enterprises and workers to move from cash to digital wage payments. The study discusses the importance to capitalize on the momentum created by an enabling environment and the pandemic to scale the transition from cash to digital and drive the wide adoption and usage of responsible digital wage payments.