A Tale of Two Digital Wallets in the Philippines: GCash vs Maya
For more than a decade ago, GCash and Paymaya were the two digital wallets that people in the Philippines used. Gcash gained more popularity over Paymaya. Perhaps due to name recall since it got ahead over Paymaya. It's also a battle between Globe vs Smart. Before they became open to all networks the only ones who can apply are those using the same networks. When I closed my Unionbank debit account because I had to pay maintenance every year, I found Paymaya to be the best to attach to my Paypal account and I did not even spend anything to do so. Years went by then Paymaya turned into a bank and changed its name to Maya. It was a good move. Short. Two syllables just like GCash. Being a bank, though, is its best benefit.