The e-Abot (electronic abot) replaced the metal alkansya (piggy bank). Community leaders created QR codes posted on tricycle terminals and wet markets. Instead of passing a physical hat, kababayans scanned codes to contribute to medical emergencies, tuition fees, or funeral costs instantly.
Financial literacy advocates have promoted the "10% Rule": If a Bigayan scheme promises a return higher than 10% per week, it mathematically collapses within three months. By the time you see the ad, you are likely at the bottom of the pyramid. Bigayan -2024-