GCash is also doing its part in fueling the digital economy by providing a payment gateway between merchants and consumers amid COVID-19 in the Philippines,
Financial technology will not only help alleviate the current economic problem. More importantly, e-wallets such as GCash can drive payments to further lessen human contact to avoid the further spread of COVID-19. Since exchange of currency cannot be avoided even in a global pandemic, implementing digital transfers as the norm will play a big part in flattening the curve while at the same time encouraging enterprise.
GCash has been doing the same for its subscribers and customers, providing convenient ways of transacting with online merchants. Whether it’s paying bills, online shopping, or bank transfers, GCash allows Filipinos to continue with business as usual from the safety of their own homes. Frictionless payments such as that of mobile digital finance remove potential health risks related to cash handling. This is the most opportune time for Filipinos to consider cashless payment options for their transactions. GCash has become a popular means of transacting in the Philippines. Aside from its use as a digital payments facility for online transactions, GCash wallets may also be used to pay for physical transactions in 70,000 merchants nationwide.
Consumers can buy their groceries from GCash partner Puregold or their on-the-go needs from convenience store chain 7/11, both of which use the Scan-to-Pay (STP) via Barcode payment system. To use the STP via Barcode, customers need only to generate a unique barcode via their GCash apps and have the cashier scan the code via the scanner guns.
Globe Fintech Innovations Inc. (Mynt), which operates GCash, is part of the portfolio companies of 917Ventures, the largest corporate incubator in the Philippines wholly-owned by Globe Telecom Inc.
GCash is available for download on the App Store and Google Play. For more information, kindly visit https://www.gcash.com/.
