Thursday, July 9, 2020

GCash Backs BSP In Providing Digital Payments Solutions To Grassroots Merchants

GCash Backs BSP In Providing Digital Payments Solutions To Grassroots Merchants

Spotlight

Home Of The Future: Communities For The New Normal

I-Land invites you to its exclusive event where they will tackle future-proof homes that can endure external threats an environmental risks. Sign up here:

EDC-Sponsored Testing Facility To Enhance COVID-19 Resiliency In Ormoc, Nearby Provinces

EDC has partnered with the city government of Ormoc for the creation of a molecular diagnostic center that will level up the transcription of COVID-19 swab samples.

EDC-Sponsored Testing Facility To Enhance COVID-19 Resiliency In Ormoc, Nearby Provinces

EDC has partnered with the city government of Ormoc for the creation of a molecular diagnostic center that will level up the transcription of COVID-19 swab samples.

Home Of The Future: Communities For The New Normal

I-Land invites you to its exclusive event where they will tackle future-proof homes that can endure external threats an environmental risks. Sign up here:

GCash, the leading mobile wallet in the Philippines, is making strides in fulfilling the country’s goal of developing e-payments at the grassroots level, as it empowers micro-entrepreneurs and small enterprises to transact with customers through their mobile phones.

Aside from huge mall establishments, quick-service restaurants, and supermarkets, GCash has also empowered the simple sari-sari store and tricycles to make digital transactions via GCash’s QR.

This initiative, seen to revolutionize and transform the way Filipinos transact every day, is supportive of the Bangko Sentral ng Pilipinas’ (BSP) goal of creating a more inclusive society through a cashless revolution.

“We are one with the BSP in concretizing our shared vision of spurring cashless transactions in the Philippines to make it easier for merchants and consumers to transact with one another. We are committed to continuously elevate this by developing more products and services that are fit for the needs of our valued partners,” GCash President Anthony Thomas said.

GCash QR uses the best-in-class technologies that provide merchants with a fast, reliable, secure, and convenient way of accepting payments. By transacting through mobile phones, GCash QR removes the need for point-of-sale terminals, maintenance, and manual cash sweeping.

Aside from benefiting largely from the huge customer base of GCash, merchants can also set up their business QR payments facility for free. GCash also provides business partners with periodic reports to oversee the performance of their stores.

Today, there are about 34,000 micro-entrepreneurs onboard the GCash QR technology, and 1,800 small and medium enterprises (SMEs) using the GCash as a mode of payment.

These merchants include the vendors of the Marikina Public Market, the tricycle drivers of Boracay Island, and the sari-sari stores of Semirara Island, among others.

Just recently, BSP Governor Benjamin Diokno said the central bank is envisioning a future where digital payments through transaction accounts will be part of the Filipino consumer culture.

Going cashless, he said, benefits both merchants and consumers, as it removes the need for bringing cash, reducing the risk of theft, improving cash handling processes, and provide lower administrative and overhead costs.

Diokno also said the central bank is now targeting to increase the share of non-cash transactions to 30 percent from the original 20-percent goal by 2020.

“Our support for the government’s initiative for a more cashless Philippines remains steadfast, and we at GCash are committed to taking this a step further by creating more innovative financial solutions that will ultimately bring us closer to our goal of providing finance for all,” Thomas said.

Latest News

Buy Yourself This Hyundai SUV And Get A Free Car!

A buy 1 take 1 deal for a car?! Nope, this isn't fake news.

Sec. Domiguez: Gov’t In Talks With New Possible NAIA Rehab Proponents

Discussions are now underway between the government and the potential proponents for the PHP102-billion rehabilitation and redevelopment of the Ninoy Aquino International Airport (NAIA).

Sec. Tugade: Digitalization, Answer To Transportation Under ‘New Normal’

More cashless transactions are on the way! Sec. Tugade said that the DOTr is focused on digitalization as the country navigates to the new normal.

Sec. Tugade: Digitalization, Answer To Transportation Under ‘New Normal’

More cashless transactions are on the way! Sec. Tugade said that the DOTr is focused on digitalization as the country navigates to the new normal.

Lorenzana: 48.1K Returning Overseas Pinoys Back In Hometowns

A total of 48,189 returning overseas Filipinos are already back to their respective provinces, Defense Secretary and National Task Force against Covid-19 chair Delfin Lorenzana.

Medialdea: Gov’t Working ‘Round-The-Clock’ To Reduce COVID-19 Impact

"We are confident that in spite of the continuation of this health crisis, our economy can resume its growth trajectory..."

Usec. Mateo: DepEd Reports 18.8M Enrollees For SY 2020-2021

The Department of Education (DepEd) said 18,871,245 learners have enrolled in public and private schools nationwide for the school year 2020-2021 which begins next month.

Struggles Of Lovers Amid Lockdown Shown In ABS-CBN’s New “PILIkula” Digital Short Film

Witness how this engaged couple struggle with the lockdown blues and deal with putting their journey to forever on hold in "Wedding Dress: For Sale", premiering this July 13.

Lim: MMDA To Disinfect Headquarters

Heads up! MMDA operations will be suspended on July 9 and 10 to give way to the complete sanitation and disinfection of all its offices and adjacent premises.

Mayor Vico Pushes For Data-Driven Policymaking, Governance

The Pasig City government has started a comprehensive survey of residents of condominiums and exclusive subdivisions, as part of its data-driven policymaking campaign.