With the advent of technology, the popularity of e-wallets is almost foreseeable as they provide a quick, safe, and hassle-free payment method for everyone. E-wallet apps offer a great alternative for in-cash payments through your smartphone.
In terms of choices, many e-wallet apps have been released, and they have varying features and functions. Some require verification processes, while others have reward programs for frequent users. To help you select the right digital wallet, check out our 10 best list as well as our buying guide to help you weigh your options.
Quick List - Top E-Wallets
Our recommendation articles are carefully researched and crafted by the mybest Philippines team of writers and editors. To stay true to our company’s mission and vision to help users’ selection process easier, we also collaborate with experts from various fields to ensure that our content stays factual and useful.
We all know that having a one, handy, e-wallet app offers a great deal of convenience, but picking one among the many options can be daunting. Feel free to read our buying guide to learn more about the things that you should keep in mind when choosing a digital wallet app.
E-wallet apps may differ in their registration process. Some may require you to use your mobile number or email to sign-up, while others are more complicated, requiring you to submit a valid ID or link an existing bank account. The former is for those who don't have a bank account, while the latter is for those looking for a more seamless integration of their financial accounts.
Digital wallets such as GCash require certain steps for you to unlock more features in the app. These might seem like a hassle, but they also add a layer of security and validity to your account. All in all, before choosing an e-wallet app, make sure to do your research on its registration process so you'll know what to prepare to create an account.
E-wallets make our transactions quicker and more convenient in more ways than one. Digital wallets are often used for online transactions, in-store transactions via scan-to-pay, paying bills, sending and receiving money, buying prepaid load, or growing your money through savings or investments.
Online merchants might find e-wallets with a send or receive money feature convenient, while freelancers might prefer those that come with multi-currency transfers. Not all digital wallets offer every transaction feature, so before picking one, it is important to determine first what you're looking for so that you can find the best e-wallet that can meet your needs.
Since you can link your bank account to your e-wallet and use it seamlessly, this makes security an important aspect to look into when downloading a digital wallet app. Before choosing an e-wallet, make sure that it has security checks in place such as PINS, passwords, and two-step verification processes.
Also, ensure that the data is highly encrypted and stored in secure servers to protect it against hacking and unauthorized access. Lastly, it helps if the e-wallet is secured by legitimate and reliable banks.
Some e-wallet apps earn money by charging a small fee for customer transactions. This is common in functions such as sending money and exchanging money across different currencies. There are a few e-wallets that don't charge anything, although these might come at a price, namely, a more complicated registration process or a longer processing period.
While these extra charges may seem small, these might accumulate and be costly for you in the long run, especially if you use your e-wallet regularly. To avoid this, choose a digital wallet that only has a small transaction fee, or better yet, go for those that charge you nothing.
Some e-wallets allow you to directly link your bank account to the app, making bills payment and online shopping more convenient. Aside from that, e-wallets also offer customer perks such as special offers, coupons, loyalty memberships, gift cards, VIP statuses, and many more.
For instance, if you shop online, especially in Shopee and Lazada, then you might want to top up your Shopee Pay or Lazada Wallet for convenience. Besides making check-outs faster and easier, you can also avail of their exclusive offers such as cashback deals, discounts, and vouchers.
Products | Image | Click to purchase | Key features | Details | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Send Money | Receive Money | Scan-To-Pay | Bank Transfer | Pay Bills | Physical Card | Reward | |||||
1 | PayMaya Philippines, Inc. PayMaya | ![]() | Stay Safe With Cashless Transactions | High Interest Rates if Missions Are Attained, Gain Goreward Points, Seasonal and Holiday Rewards, Cashback Offers | |||||||
2 | Globe Fintech Innovations, Inc. GCash | ![]() | A Digital Wallet for Everyone | Seasonal and Holiday Rewards | |||||||
3 | Grab Holdings Grab Pay | ![]() | Link Your Grab Account to This Mobile Wallet | Grabrewards | |||||||
4 | Shopee ShopeePay | ![]() | Experience Online Shopping Without the Hassle | Discounts on Their Personal Stores | |||||||
5 | Lazada Mobile Lazada Wallet | ![]() | Makes Shopping from Lazada More Convenient | Lazada Coins | |||||||
6 | PayPal Mobile PayPal | ![]() | Send and Receive Money Anytime, Anywhere | App-Exclusive Offers | |||||||
7 | Coins Asia Coins.ph | ![]() | A Trading Platform for Cryptocurrencies | Coin Rewards Loyalty Points | |||||||
8 | 7-Eleven Philippines CLiQQ by 7-Eleven | ![]() | Go Cashless and Earn Rewards When You Buy from 7-Eleven Stores | Treats and Goodies for Rewards Catalog | |||||||
9 | Rizal Commercial Banking Corporation Diskartech | ![]() | Uses Taglish to Make Digital Banking Experience a Lot Easier | Loyalty Points, and Cashback Discounts | |||||||
10 | Palawan Pawnshop Palawan Pay | ![]() | Dominating With One of the Largest Networks of Branches and Partner Outlets | Referral Program |
Do you prefer cashless transactions over cash payments? This e-wallet has got you covered! PayMaya is a free-to-download application that helps you stay safe and secure with contactless transactions. This is possible through its scan-to-pay feature, which allows you to pay via QR code in establishments affiliated with PayMaya.
Aside from that, this digital wallet also offers the usual e-wallet services such as e-load, money transfers, and bills payment. The best thing about it is that you can avail of the PayMaya physical card, which you can link to the app and pay in stores that accept credit and debit cards.
Send Money | |
---|---|
Receive Money | |
Scan-To-Pay | |
Bank Transfer | |
Pay Bills | |
Physical Card | |
Reward | High Interest Rates if Missions Are Attained, Gain Goreward Points, Seasonal and Holiday Rewards, Cashback Offers |
From the telecom giant Globe, GCash is a popular e-wallet app that allows you to do a variety of transactions such as cash-in, bills payment, and load purchases. To maximize this digital wallet, consider registering for a "fully-verified status," which gives you access to all GCash services such as cash-out, send money, cash-in through PayPal, banks, and debit cards, and many more.
While some of those features charge a small transaction fee, the app also offers rebates and rewards for your transactions. Also, linking your bank account to GCash is a great way of seamlessly integrating your finances in one handy app. Overall, it is one of the most versatile e-wallets in the Philippines, and its wide variety of services and huge following proves that.
Send Money | |
---|---|
Receive Money | |
Scan-To-Pay | |
Bank Transfer | |
Pay Bills | |
Physical Card | |
Reward | Seasonal and Holiday Rewards |
GrabPay, a subsidiary of the top transportation company in the country, is an e-wallet that directly links to Grab services such as GrabRide, GrabMart, and GrabFood. Aside from that, you can also do mobile and cashless payments and receive money all with one Grab account.
Plus, you can get a GrabPay card through the app, which works like a debit card. This makes purchasing from them and other affiliated companies a whole lot easier. Each transaction can also earn you those sweet Grab rewards! In terms of security, GrabPay is regulated by the Bangko Sentral ng Pilipinas (BSP).
Send Money | |
---|---|
Receive Money | |
Scan-To-Pay | |
Bank Transfer | |
Pay Bills | |
Physical Card | |
Reward | Grabrewards |
If you're a fan of online shopping, then ShopeePay is the way to go. Shopee is one of the leading e-commerce sites in the Philippines, and a ShopeePay account offers a seamless payment method for placing your orders online. Aside from convenience, this digital wallet also offers a wide variety of discounts and promotions on the app.
Instead of linking your bank account or a different e-wallet, the great thing about ShopeePay is that it's built right in your Shopee account. This means that you can monitor your balance anytime and reap amazing benefits such as cash-backs, vouchers, and more. Best of all, ShopeePay is officially registered and regulated by the Bangko Sentral ng Pilipinas (BSP).
Send Money | |
---|---|
Receive Money | |
Scan-To-Pay | |
Bank Transfer | |
Pay Bills | |
Physical Card | |
Reward | Discounts on Their Personal Stores |
Lazada Wallet is a mobile wallet that is directly linked to your Lazada account. With this app, you can pay for goods purchased from Lazada. This makes online shopping more convenient than cash-on-delivery transactions, where you have to prepare the amount you need to pay.
For those who use the app regularly, you can even receive discount vouchers! You can also immediately get your money back in case of refunds or cancelled orders without going through the hassle of contacting customer support. Keep in mind that the minimum amount you can place in your Lazada Wallet is PHP 20, and the maximum amount is PHP 50,000.
Send Money | |
---|---|
Receive Money | |
Scan-To-Pay | |
Bank Transfer | |
Pay Bills | |
Physical Card | |
Reward | Lazada Coins |
PayPal is arguably one of the biggest and most accepted digital payment platforms internationally. Freelancers with foreign clients are familiar with Paypal as it allows users to send and receive money anywhere in the world. Your Paypal account can be directly linked to your bank account, so there's a seamless integration of your finances.
What makes PayPal a great e-wallet is its ability to do multi-currency transfers from over 200 countries without the hassle of converting currency. Despite these features, however, Paypal also comes with some disadvantages, including hefty fees for transactions and no special rewards for transactions.
Send Money | |
---|---|
Receive Money | |
Scan-To-Pay | |
Bank Transfer | |
Pay Bills | |
Physical Card | |
Reward | App-Exclusive Offers |
Licensed by the Bangko Sentral ng Pilipinas (BSP), Coins.ph is a Philippine-based fintech company that aims to make managing personal finances easier for every Filipino. The app is mainly used for cash exchanges even without a linked credit card or bank account. It serves as a digital coin trading platform where you can buy and sell cryptocurrencies such as Bitcoin, Ethereum, XRP, and many more. Also, you can use this digital wallet to shop online, buy prepaid load, and pay for your bills.
Plus, you get rebates when you pay your utilities and also a PHP 50 reward for every referral. The only drawbacks of Coins.ph are that their exchange rate may be different from international rates because it is fixed by the company, and there are extra charges when you use the app outside of Metro Manila.
Send Money | |
---|---|
Receive Money | |
Scan-To-Pay | |
Bank Transfer | |
Pay Bills | |
Physical Card | |
Reward | Coin Rewards Loyalty Points |
CLIQQ is a mobile app for cashless transactions that you can use in all 7-Eleven stores. To use this app, simply present the e-payment loyalty barcode to the cashier from your mobile phone. For every PHP 25 purchase, you get 1 CLIQQ reward point that you can use to get free drinks, snacks, and more.
To load money into your CLIQQ Pay Wallet, simply click the load wallet button and present the generated barcode to any 7-Eleven cashier. What gives this e-wallet an edge over its competitors is that you can use it even without an Internet connection. Just enter your 4 digit PIN, show the e-payment barcode to the cashier upon payment, and you're good to go!
Send Money | |
---|---|
Receive Money | |
Scan-To-Pay | |
Bank Transfer | |
Pay Bills | |
Physical Card | |
Reward | Treats and Goodies for Rewards Catalog |
Diskartech is a successful digital banking app that Rizal Commercial Banking Corporation (RCBC) currently offers to Filipino depositors. One thing that makes this app unique is it runs on a Taglish system language, enabling users from all walks of life to grasp the services offered by the bank.
Like other digital banks, Diskartech allows users to open a savings account without going to any physical branch. With an interest rate of 3.5% per annum, this specific financial product already grants depositors the chance to grow their money well. Other services that this digital bank offers include setting up Ipon goals, purchasing load, buying insurance plans, and paying bills.
Send Money | |
---|---|
Receive Money | |
Scan-To-Pay | |
Bank Transfer | |
Pay Bills | |
Physical Card | |
Reward | Loyalty Points, and Cashback Discounts |
As part of the Palawan Pawnshop Group, Palawan Pay boasts one of the largest networks of branches and partner outlets in the Philippines, ensuring that users can easily conduct cash-in and cash-out transactions, even in remote areas. The app's intuitive interface simplifies financial management for users of all backgrounds, offering a comprehensive suite of services, including money transfers, bill payments, mobile load purchases, and QR code payments.
Moreover, Palawan Pay's commitment to financial inclusion sets it apart from competitors, as it aims to bridge the gap for underserved and unbanked populations. Through its reliable services and trusted brand reputation, Palawan Pay empowers millions of Filipinos to take control of their finances and participate in the digital economy.
Send Money | |
---|---|
Receive Money | |
Scan-To-Pay | |
Bank Transfer | |
Pay Bills | |
Physical Card | |
Reward | Referral Program |
Want to be more in charge of your finances? Check out these other finance-related apps that you can download on your smartphone. With these applications and services, you can be one step closer to a more stable financial future!
Author: Katrina Balingit
Editor and Re-editor: Aprille Jarcia, Francis Parado
No. 1: PayMaya Philippines, Inc.|PayMaya
No. 2: Globe Fintech Innovations, Inc.|GCash
No. 3: Grab Holdings|Grab Pay
No. 4: Shopee|ShopeePay
No. 5: Lazada Mobile|Lazada Wallet
View Full RankingThe descriptions of each product are referenced from content available on manufacturer, brand, and e-commerce sites.
Beauty
Health
Household goods
PCs and laptops
Home appliances and electronics
Cameras
Food and drinks
Kitchen supplies
Clothing
Shoes
Accessories
Mom and baby
Interior and furniture
Hobbies
Outdoor
DIY and tools
Sports and fitness
Pets
Books, CDs, and DVDs
Games
Cars and motorcycles
Gifts
Home improvement and tools
Smartphones and tablets
Banking and finance
Insurance
Audio
Smartphone applications
Others