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Exploring the artificial coin shortage in the Philippines and the impact on consumer behavior. Insights on how businesses and shoppers in Quezon city are adapting to the decline in coin usage. Challenges faced by jeepney drivers and passengers due to the scarcity of small change. Efforts to promote digital payment methods and address the unbanked population. Retailer struggles with change shortages and creative solutions like using candies.
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Quick takeaways
- People in the Philippines are hoarding coins, leading to an artificial shortage.
- The rise of e-wallets is changing consumer behavior and impacting small businesses in Quezon City.
Deep dives
The shift away from using coins
The podcast explores how the Philippines is experiencing an artificial coin shortage despite having enough coins to serve the population. People in the country are increasingly choosing to pay with bigger notes or use online and mobile banking instead of using coins. This shift in behavior is impacting various aspects of daily life, such as public transportation fares requiring small change.
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AI-powered
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode