Got the info from a local techies eGroup. A new service was launched that lets you use a Virtual Mastercard to purchase online, it is called Wirecard (https://www.wirecard.com/wirecard/app)
What is it?
“As easy as cash. As convenient as a card. Send money, receive money – worldwide and in real-time. Pay with your virtual MasterCard. Experience the advantages of convenient online access that is available 24 hours a day, worldwide. Our latest offer: receive an additional prepaid MasterCard.”
Now, how will you load money to your Prepaid Mastercard?
Currently, the only accept deposits made at Netopia Megamall, Lower Ground Floor
Mega A Building, SM Megamall, EDSA cor. Julia Vargas Ave. Mandaluyong City (soon at other Netopia branches, as posted in their website). Minimum deposit amount is US$15 or roughly Php720. They can also give you a plastic card, if you opt to have it (pamparami ng cards sa wallet).
My wishlist for Wirecard:
1. For them to accept bank deposits (via BDO, preferably);
2. For them to lower the minimum deposit amount to say, US$5 or US$10.
I just hope that with this new product, eCommerce in the Philippines will flourish.