Andrew E's Song 'Alabang Girls' Can Teach Us a Thing or Two About Economics

**dr. d** · August 15th, 2022 01:29 AM

Originally Posted by uls

konte lang may credit card dati coz many pinoys are unbanked

tsaka madami kulang sa ID, walang permanent address... in short madami pinoy colorum

paano mo sisingilin mga yan

but as the economy grew, many entered the middle class... mga colorum naging legit na tao

that's probably why G-cash et al are popular.
very convenient to use, and few questions asked.
timed perfect for the shopee/lazada era.

personally, i don't have such account.
i ask the members of my family, to pay for me.

**viper888** · August 15th, 2022 10:28 AM

There is also the inherent "safety" of using G-cash. The fear of a credit card or a debit card getting compromised is still prevalent so many feel safer with using their gcash accounts for purchases.

I also use my gcash account for most online purchases to reduce exposure of my other cards.

**BratPAQ** · August 15th, 2022 11:01 AM

Originally Posted by viper888

There is also the inherent "safety" of using G-cash. The fear of a credit card or a debit card getting compromised is still prevalent so many feel safer with using their gcash accounts for purchases.

I also use my gcash account for most online purchases to reduce exposure of my other cards.

I do the same but with PayPal. Para sa youtube, Netflix, Spotify, etc. Naka link credit card ko sa PayPal.

I don't have confidence pa with gcash. May mga kakilala ako na nawawalan minsan ng fund. Also yung recent sa news na mga nagbebenta ng sim card with verified gcash na, surely sa scam gagamitin yun. Sakto lang lagi cash in ko sa gcash.

**viper888** · August 15th, 2022 11:19 AM

Originally Posted by BratPAQ

I do the same but with PayPal. Para sa youtube, Netflix, Spotify, etc. Naka link credit card ko sa PayPal.

I don't have confidence pa with gcash. May mga kakilala ako na nawawalan minsan ng fund. Also yung recent sa news na mga nagbebenta ng sim card with verified gcash na, surely sa scam gagamitin yun. Sakto lang lagi cash in ko sa gcash.

Paypal is also very good
My only complaint is the terrible exchange rate

**BratPAQ** · August 15th, 2022 11:28 AM

Originally Posted by viper888

Paypal is also very good
My only complaint is the terrible exchange rate

I just looked at my subscriptions sa PayPal and all of them are in peso. In peso yung price ng plans nila and peso pumapasok sa CC ko, walang conversion or extra fee na nangyayari.

**viper888** · August 15th, 2022 11:35 AM

Originally Posted by BratPAQ

Good point, hindi ko naisip or na compute yan. Does gcash have same thing as PayPal na link mo lang yung CC mo then lahat ng charge sa gcash diretso sa CC?

You can buy a gcash mastercard and link it to your account. Then use the card for paying things online.

There are also automatic payment schemes in gcash but I only use it for apple icloud

**uls** · August 15th, 2022 11:24 AM

Originally Posted by dr. d

that's probably why G-cash et al are popular.
very convenient to use, and few questions asked.
timed perfect for the shopee/lazada era.

personally, i don't have such account.
i ask the members of my family, to pay for me.

ituloy ko lang ung post ko

so moving from colorum (walang ID, walang address) to legit/verified (nakapagbukas ng bank account) a lot of pinoys joined the financial system

having access to financial services is life changing

pwede na mag loan

credit card, auto loan, home loan...

kaya lumago ang economy -- credit expasion

i think noong nag umpisa ang BPO industry diyan talaga nag grow ang middle class

although malaking contribution ang OFWs i think kasing laki ang contribution ng BPO industry

for the first time sa Pinas may local na trabaho na ok ang sweldo

madami umangat ang standard of living

nakabili ng condo, kotse...

**dr. d** · August 15th, 2022 06:47 PM

Originally Posted by uls

i think noong nag umpisa ang BPO industry diyan talaga nag grow ang middle class

when you said, "nag grow ang middle class",
did you mean
the number of people there increased?
or did you mean, the people there had more disposable money than before ?

**uls** · August 15th, 2022 06:52 PM

Originally Posted by dr. d

when you said, "nag grow ang middle class",
did you mean
the number of people there increased?
or did you mean, the people there had more disposable money than before ?

people at or below poverty line moved up the socioeconomic ladder

nabawasan ang mga mahirap dahil nagkaroon ng disenteng hanapbuhay -- dumami ang tao nag join ng middle class

**_Cathy_** · August 15th, 2022 07:01 PM

Originally Posted by dr. d

when you said, "nag grow ang middle class",
did you mean
the number of people there increased?
or did you mean, the people there had more disposable money than before ?

PRE BPO, kapag hindi ka graduate ng "top school" you practically have zero chances getting in a multinational corporation. Since BPOs hindi na masyado barrier ng school. Even age hindi na rin (which is good for me) I've seen some start out sa BPO ng isang MNC and transfer to the HQ, for example call center ng bank na transfer sa branch.

I also know several na children ng mga helper, driver, tauhan etc that are in call centers. I am friends with some on FB and they are living middle class lifestyles na like travelling, nice restaurants, branded clothes/shoes kaya tingin ko millennials are the last to have helpers that stay for several generations.

I am 101% sure this happened early 2000s, so whoever was responsible for the BPO industry in PH changes a lot of Filipino's lives.

Bihira na din mga companies that do NOT hire non top schools, I guess they realized na there's a lot of talent beyond those 3 schools, where I worked it started like that, but not anymore. Diverse na sa schools and background.