Showing posts with label Financial Literacy. Show all posts
Showing posts with label Financial Literacy. Show all posts
Aug 10, 2021

6 steps on how to send money to family and friends with PayMaya and Smart Padala

Send money even to those without a bank or e-wallet account!

Send money to family and friends with PayMaya and Smart Padala


Send money to family and friends with PayMaya and Smart Padala

As the country experiences heightened community quarantine measures, staying safe is everyone's top priority. Limiting our movements outside is the best thing we can do to help curb the transmission of the COVID-19 virus. Thanks to financial technology, we can do our everyday transactions through our mobile phones, including sending money. 

Sending money to family and friends or paying someone - even those without a bank or an e-wallet account is so much safer and convenient with PayMaya and Smart Padala.  With your PayMaya mobile wallet app, you can quickly send money from the comfort of your homes to almost anyone in the Philippines through its nation-widest Smart Padala agent network. 

With this service, recipients can quickly head to the nearest Smart Padala agent. These agents are usually sari-sari stores in the neighborhood communities, so it is like walking to the house of their trusted kapitbahay – no need to commute or line up at remittance centers to claim the funds. 

On top of the convenience it brings, this service is also affordable. The sending fee for this transaction is just 1.5% of the amount you're transferring – that's as low as P1.5 per transaction!  

Ready to send money from PayMaya to your recipient's trusted Smart Padala agent? The process is easy. Just follow these simple steps:   

1. Ask your recipient for the 16-digit account number of their preferred Smart Padala agent  

2. On your PayMaya app, tap "Send Money"  

3. Enter the 16-digit Smart Padala account number on the mobile/account number field  

4. Input the amount you wish to send and tap "Continue"  

5. Check the transaction details, make sure they're correct, and tap "Send"  

6. Share the transaction's reference number with your recipient. They will need this plus one valid ID to claim the money.  

PayMaya users can use the mobile app to send money for free to millions of PayMaya users anytime, anywhere.

Whether you're sending money for bunso's tuition fee or extra budget to buy groceries, it's now easier than ever to send some love to your family across the country while still keeping yourself safe at home.  

To start enjoying safe, convenient, and rewarding transactions for your everyday needs, download the PayMaya app at https://official.paymaya.com/CAK1/425eb133 and register an account. 

PayMaya is the only end-to-end digital payments ecosystem enabler in the Philippines, with platforms and services that cut across consumers, merchants, communities, and government.

As of end-June 2021, it provides more than 38 million Filipinos access to financial services through its consumer platforms. Customers can conveniently pay, add money, cash out or remit through its over 300,000 digital touchpoints nationwide. Its Smart Padala by PayMaya network of over 45,000 partner agent touchpoints serves as last-mile digital financial hubs in communities, providing the unbanked and underserved access to digital services. Through its enterprise business, it is the largest digital payments processor for key industries in the country, including "everyday" merchants such as the largest retail, food, gas, and eCommerce merchants, as well as government agencies and units.      

To know more about PayMaya's products and services, visit www.PayMaya.com or follow @PayMayaOfficial on Facebook, Twitter, and Instagram. 

Dec 12, 2020

Pru Life UK promotes a money-smart Christmas with Cha-Ching Kid$ at Home

 

Pru Life UK promotes a money-smart Christmas with Cha-Ching Kid$ at Home

The free webinar taught financial literacy for families to enjoy a more meaningful holiday

 

Leading life insurer Pru Life UK, in partnership with Prudence Foundation and Junior Achievement Philippines, ushered in a cheerful Christmas season with Cha-Ching Kid$ at Home: Money-Smart and Meaningful Holidays for Filipino Families. The expert-led and fun-filled webinar was attended by about 500 parents and their children.

 

The virtual event, which was hosted by Pru Life UK Assistant Manager for Investments Marketing Mary Jane Pangan, featured family and finance experts Rose Fres Fausto and Edric Mendoza, who shared how families can create a purposeful Christmas. Kids joined fun holiday-themed games that taught them basic money management concepts.

Pru Life UK VP for Investment Marketing Mark Anthony Valino welcomes webinar attendees with his opening remarks. 

“While this Christmas season comes amid unprecedented times, the joyous spirit of the holidays remains and thrives. We hope that by extending the Cha-Ching money management values to families at this time of the year we will be able to help them have a more money-smart and meaningful celebration,” says Pru Life UK Senior Vice President and Chief Customer Marketing Officer Allan Tumbaga.

 

Expert-led talks on a purposeful Christmas

Fausto is an investment banker turned author, columnist, and speaker on purposeful parenting. She also runs FQ Mom, a blog and YouTube channel that focuses on money and family. She led the talk Holidays on a Budget: How to Have a Merrier Christmas by Spending Less and shared her “Christmas FQripot Tips” with the audience. These include cutting back on gifts, clothes, and decor expenses despite seeing big discounts and sales. “When you shop at sale events, be sure to know the actual price of the item, and keep in mind that you should only buy what you need and not because it is cheap,” said Fausto.

IFE Management Advisers Inc. president and FQMom Rose Fres Fausto shares tips on how Filipino families can have a merrier Christmas by spending less. 

 

She was joined by Mendoza, an entrepreneur, family advocate, and former lead anchor of ANC’s On the Money. He is also the chairman of Homeschool Global Learning Inc. and president of The Parentschooling Co. At the virtual event, he shared his insights on the values of charity in Meaningful Holidays: Ways You Can Give Back to Your Community, where his three kids made a special appearance and talked about buying gifts for the family with a budget. Mendoza also encouraged parents to teach their kids about charity at their young age. “For children to embrace the value of giving, we must provide them the opportunity to experience the joy of it. That way it would be easier for them to practice giving back to the community as they grow up,” he said.


  Parentschooling Co. president and former lead anchor of ANC’s On the Money Edric Mendoza shares insights on how parents and kids can give back to the community this holiday season and beyond. 

 

During the games, kids tested their money management skills in Kris Kringle Quiz, where they had to choose the best gift that fits a given category and budget. In Matching Gifts, kids had to memorize the names of children and their corresponding Christmas wishes. They then had to match a donation to the kid who wished for it. A total of six participants won a P500 gift card and a set of Cha-Ching comic books, while one lucky attendee won a brand-new tablet and a Christmas gift basket perfect for Noche Buena.

Host MJ Pangan enjoins participants and their kids to take part in the fun Christmas-themed virtual games . 

 

The virtual event was in line with Pru Life UK’s We DO Education commitment to promote financial literacy in the Philippines. Beyond the webinar, Cha-Ching Kid$ at Home offers a set of printable resources that parents can use to teach their children basic money management concepts like Earn, Save, Spend, and Donate. The modules were created by Pru Life UK and Prudence Foundation, the community investment arm of Prudence plc.

 

“While Christmas can be an extravagant celebration, many of us are feeling the blow of the pandemic. We hope Cha-Ching Kid$ at Home provides people with helpful and useful money management tips, especially on saving and donating. Then hopefully everyone can still feel and share in the Christmas spirit even though traditional festivities may be disrupted,” shares Marc Fancy, Executive Director of Prudence Foundation.

 

Download the Cha-Ching Kid$ at Home modules and give your kids the gift of financial wisdom this Christmas. Access them on chaching.cartoonnetworkasia.com/en/. For more information, visit the Pru Life UK website at prulifeuk.com.ph or the Facebook page at facebook.com/prulifeukofficial.

 


Sep 2, 2020

Pru Life UK promotes financial literacy among Filipino families

 


Pru Life UK promotes financial literacy among Filipino families

A free webinar featuring Cha-Ching Kid$ at Home resources to make learning more enjoyable

Sept. 02, 2020 – Taguig City. Pru Life UK, in partnership with Prudence Foundation and Junior Achievement Philippines, is bringing financial literacy to every household through “Cha-Ching Kid$ at Home: Financial Literacy Basics for Filipino Families”. The free public webinar, taking place on September 12, 2020 at 2:00 PM via Zoom, invites parents and their children, aged seven to 12 years old, to participate and learn basic money management skills.

“In these extraordinary times, it is imperative that Filipino families empower their kids to be future-ready, especially around money matters. By offering the Cha-Ching learning and experiences online, we hope to reach out to and educate more people on basic money management,” says Allan Tumbaga, Pru Life UK Senior Vice President and Chief Customer Marketing Officer.

The webinar will be hosted by lifestyle and children’s TV presenter Tonipet Gaba and Pru Life UK’s own Mary Jane Pangan. It will also feature two education and finance experts as guest speakers.  Dr. Queena Lee-Chua, a multi-award-winning mathematics and psychology professor and the author of Study Smart: What Parents, Students, and Teachers Should Know, will lead the session “Introducing Money Concepts to Kids” and share tips with parents on how to teach their children about financial matters. Joining her will be Dr. Mary Joy Abaquin, the founder of Multiple Intelligence International School and author of 8 Simple Secrets to Raising Entrepreneurs. She will discuss different ways to develop the entrepreneurial skills of children in her session “Start Them Young: Instilling the Financial Growth Mindset to Kids”.

To make the webinar even more exciting, the event will also feature interactive money-related games and special prizes for children. A lucky participant will also win a brand-new tablet through a raffle.

The webinar is part of Pru Life UK’s We DO Education commitment, which aims to help more Filipinos become money-smart. In June, Pru Life UK and Prudence Foundation launched the Cha-Ching Kid$ at Home initiative to provide online and printable materials to parents, helping them teach their children easy-to-learn money management concepts like Earn, Save, Spend, and Donate. These resources, including music videos, topics for discussion, and engaging activities, can be accessed and downloadable for free on the website, www.cha-ching.com. 

“We understand the important role that parents play in shaping their children’s financial future. By making the learning process more fun and inspiring, we aim to help cultivate more financially-responsible behaviors among both parents and children in the Philippines,” says Marc Fancy, Prudence Foundation Executive Director.

To join Cha-Ching Kid$ at Home: Financial Literacy Basics for Filipino Families, register at link

For more information, visit the Pru Life UK website at prulifeuk.com.ph or the Facebook page at facebook.com/prulifeukofficial.

May 8, 2020

Stop opportunistic scammers: Know the basics of what your bank will never do and ask from you

Stop opportunistic scammers: Know the basics of what your bank will never do and ask from you

Stop opportunistic scammers
Know the basics of what your bank will never do and ask from you



Every crisis presents an opportunity. Unfortunately, this holds true even for scammers. They are very opportunistic even during the most trying situations like a pandemic.

While we hear about the ingenuity of a lot of people these days to augment or protect their finances like converting their own kitchen into small-scale bakeries to sell baked goods online, or converting a garment shop to produce and sell face masks, or shifting to a digital business model like an online palengke, scammers have become very creative, as well, in their modus operandi. 

From their usual scheme of sending out threatening “deactivation” emails to force bank clients to unwittingly give their personal information and card details, also known as phishing, to launching fake COVID donation drives, scammers are now sending emails and texts that warn clients of unauthorized transactions in their credit or debit cards. 

Sounding like what a bank might actually say and do, the email or text would go as far as telling cardholders what items were purchased, where, and when they were bought. But here’s the catch, if a cardholder would like to confirm or reverse such transaction, he or she will have to click a link to an “official” refund page. This link then leads to a FAKE landing page, where clients’ personal bank details are going to be “phished” or stolen if provided.

Truth is, opportunistic scammers are learning how to commit crime by adjusting their schemes to how banks do their advisories. Phishing emails and texts have recently become so professionally written that clients really need to spot fake links and websites than grammatical errors.  

Outsmart scammers by taking these reminders to heart


There is, however, no reason to feel helpless. Phishing and vishing (the telephone equivalent of phishing) are still easy to spot if bank clients just go back to the basics of what their banks will never do or ask from them.  

First, banks will never send deactivation threats. According to BDO Unibank, banks do not deactivate accounts or ask clients to “verify” via email, text, or call. Banks, it added, will also never send a link, not even to a “refund” page as now being circulated by scammers. These will lead to a fake website where clients’ personal information will be stolen.

Second, banks will also never ask for personal bank details through an embedded link. Reminding its clients and all cardholders as well, BDO said, banks will never ask for card details, such as account number and the CVV (3 digit number at the back of the card). These important details will allow scammers to make unauthorized transactions using other people’s cards.

Third, BDO said, banks will never ask for login details and more importantly the One-Time PIN (OTP). An OTP is sent by a bank once clients successfully log in using their username and password. This is the bank’s final security measure. Providing these details to scammers, is like handing them access to money and credit.

BDO believes that scammers will run out of opportunities if all people are armed with these three basic but very important reminders.
Apr 25, 2020

Tips on How to Outsmart Scammers Online

Tips on How to Outsmart Scammers Online



Online Banking is much more appreciated and being used in today's ganaps. With the new normal reality we are in at the moment, social distancing being strictly mandated and that community quarantine that's been extended for the nth time, Online Banking is really the convenient way to go.

Still, we must also be aware of the lurking online parasites - The Scammers who hunt victims, then making them visit fake websites, fish for personal details,  bank information,  and yes, their up for your hard-earned money too.

Oct 10, 2019

GCash: #LetsSaveTogether toward World Savings Day

GCash: #LetsSaveTogether toward World Savings
According to the 2017 The Global Findex Database of the World Bank, a staggering 66 percent of Filipinos do not have a formal savings account. Leading mobile wallet GCash recently sparked an online discussion on this important issue, led by key influencers and brand ambassadors such as television host Robi Domingo admitting to their own stories of financial mistakes and not being able to save.
Sep 12, 2019

Easy ways to teach kids about money

With so many online sites and television shows advertising toys, clothes and gadgets for children, today's kids are tempted to buy all sorts of things at a very early age. 


It is important that parents teach their children as early as possible how to manage money well.