I was watching a video on YouTube recently about a guy who made his own iPhone by buying the parts in China and building it himself. It was really cool and showed me a lot about how China’s manufacturing industry worked and about how you can get pretty much any part you need, down to the most mundane things like the buttons for volume and power to get the right feel. If you wanna watch it, it’s called “How I Made My Own iPhone – in China” (Video below) and I definitely recommend it and his other video. There was another thing I noticed in it too though.
In China, they have this app that’s basically an all-in-one social media, commerce and instant payment application. It seemed really cool because people would just use their phones to send each other money, which in itself isn’t revolutionary, I mean, Paypal has an app too, right? Well, WeChat makes it very easy and you’ll see vendors use it for pretty much all payments. The other cool thing about it is you can chat on it, so if there’s an issue with what you buy, you could probably just chat with the vendor and work something out.
Of course, that’s China, you’re here to see stuff about the Philippines. Well, the Philippines has something that I would say is something that could become an app like WeChat. It’s called PayMaya and it’s kind of getting more common around here. It’s a cool app that I think has a lot of room to grow. If more and more people start using it, then the Philippines could have a good cashless payment system.
With cellphones being so common here, it’s no wonder PayMaya is becoming common. It also helps that their registration is relatively painless. Just sign up, fill out the application then go to a Bayad Center to verify your identity and after that, you’re good. You can even buy a card to use with your account, which works like a debit card.
I really see this taking off to be honest. Imagine going to a nearby sari sari store for some load or whatever, but instead of paying with cash, just send them money through the PayMaya app. Quick and easy. Or, if they add a chat feature, you can message the sari sari store and have them send you some load then you send the payment. Really, if they build it up it could be amazing with a ton of possibilities.
One thing I hope they have down pat is security. When dealing with people’s money and personal information, they need to have good security. One hack and people’s information and money could disappear which means PayMaya could say byebye fast. If they keep up-to-date and keep improving the security though, it should be fine.
Anyway, just kind of a quick article on future cashless payment options here (hopefully). Would love to see this become a thing, gives us a lot more flexibility and convenience. If PayMaya plays their cards right, they can definitely build on their current system and app, make it a lot better and such.
How much does it cost?
Oh, I know everybody is wondering – HOW MUCH did it cost to make his own iPhone 6S. That is not really what the article is about, but for those who want to know, watch this other video.