Now that you know the financial basics, let’s learn about the tools you need in the new normal. Many of you might have second thoughts about using technology and are worried about getting hacked or losing your hard-earned money. In fact, lack of trust in digital financial tools is the main reason why most Filipinos hesitate using digital financial services in the first place.
With this in mind, banks and other financial institutions go to great lengths to assure customers that their money and data will remain protected from any fraudulent activity. They do this by equipping their websites and apps with strong encryption and other online security features, such as the following
It’s always better to be safe than sorry, so whenever you’re going to sign up for something new or simply updating your current accounts, make sure that you maximize these built-in cybersecurity measures when transacting online.
Moreover, it’s also important to have the right tools to make the most out of these digital financial services. Most financial companies nowadays have developed mobile apps for smartphone users and web or desktop versions for those who prefer using laptops instead. Having at least one smartphone, tablet, or laptop would be enough to enjoy the variety of services an app or website can offer.
For smartphone and tablet users, make sure to check your Operating System (OS) versions and Random-Access Memory (RAM) to make sure that the newest apps can run on your device. You can do so by going to your device’s Settings and selecting About Phone from the menu. Your device should have at least an Android Lollipop 5.0 OS version and a 2GB RAM to take advantage of most apps.
The answer is: It depends on what your purpose or aim is. If you have an existing bank account, then it is highly advisable that you download its corresponding app for convenient banking; if you do a lot of online transactions, such as online selling or shopping, it might be a good idea to open an e-wallet account; while if you are looking to apply for a loan, then you can opt for a lending or consumer finance app.
1. Open Google Play Store for Android apps or App Store for iPhone users
2. Tap the search bar and type in the the name of the app you want to download
3. Tap on the name or icon of the app, then review its info page to learn more about the app (description of the app, price, ratings and reviews, etc.)
4. After reviewing the app, Android users can tap the green “Install” button. Once the download is done, tap the “Open” button, which will launch the app.
5. If you’re an iPhone user, tap on the “Get” button, and a prompt will show up asking for the verification of your Apple ID password. Use your Touch ID, Face ID, or enter your passcode manually to verify. Once done, the app will automatically download.
6. Once you’ve successfully downloaded and launched the app, register and create your own profile or account to make the most out of the app’s features. Just tap on the “Register” or “Create an Account” button usually found on the Home page
7.Fill in all the necessary fields. Most apps would ask for your full name, desired username and password, birthday, complete address, email address, contact number, and at least (1) valid ID, so make sure to always prepare these beforehand.
8. After creating your profile or account, you will receive an email or text verification from the app. To verify your profile or account, simply follow the steps stated in the email or text.
9. Once your account has been verified, you can now login using your username and password
10. Explore the app and enjoy its features!
With a better understanding of online security features and equipping ourselves with the necessary tools to access digital services, we can enjoy the modern and convenient life brought about by technology with less worries.
