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With GCash Scan To Pay, transactions are quick, cashless

I ordered a pretzel and picked up a loaf of ciabatta to go yesterday at the Abaca Baking Company in Ayala Center Cebu. Instead of reaching for my wallet at…

I ordered a pretzel and picked up a loaf of ciabatta to go yesterday at the Abaca Baking Company in Ayala Center Cebu. Instead of reaching for my wallet at the cashier, however, I took out my phone.

I opened the GCash app, chose Pay QR and scanned a QR Code – some sort of barcode – placed near the cashier. The app then prompted me to enter the amount of my bill and after I did so, I was told that the transaction was successful and I got a digital “receipt.”

Just like that, I made my first QR code payment.

GCash Scan To Pay

NO CASH. Using GCash, you can buy bread at the Abaca Baking Company and pay the exact amount it by scanning a QR code at the counter. The cafe is among the about 90 shops in Ayala Center Cebu accepting payments via the system.

Convenient payments

It was quick, convenient, and glitch-free. There were no more counting of bills and coins. The cashier did not need to ask whether I had change – a perennial holiday shopping rush problem in stores. I paid the exact amount in less time than it took for cashiers to perform regular transactions.

I also had an updated record of my GCash transactions right within the app: from purchases to receipt of money to cellphone loads.

And since my first GCash Scan To Pay transaction happened this weekend, I also had a 20% cashback on my purchase.

My first QR Code payment happened during GDay in Ayala Cener Cebu. The event, which closes today, was held as a way to promote use of GCash, said Lhen Pavia, VisMin Business Development Head for Mynt, the fintech arm of Globe.

GCash Scan To Pay merchants

GDay in Cebu is held at the Ayala Center Cebu. The mall is also the first in the province to use GCash Scan To Pay QR code payments. It launched with 50 merchant partners on November 29 and now has about 90 merchants toward a yearend goal of more than 100.

In Davao, GDay is held in Ayala Abreeza Davao.

During GDay, all participating merchants offer a 20% cashback on top of the Christmas sales discount when customers pay using GCash Scan To Pay. The 20% cashback offer is up to P500 per store, per day and will be credited within 3 days.

Moviegoers who use the GCash App to buy tickets at the Ayala Cinemas will also enjoy a P100 one-time cashback. The cashback is only applicable to one ticket per user per day.

GCash will also raffle off P10,000 GCash 3 times daily to customers who will scan to pay for their purchases on partner merchants during the promo period.

GCash Scan To Pay

SCAN TO PAY. With GCash, you just scan a QR Code to pay the exact amount for your purchase or bill.

Cashless transactions

“The key is to build an ecosystem for cashless transactions,” said JM Aujero, Mynt Head for Merchant Solutions.

Aujero said regular tasks – such as people buying things, paying for services or receiving their salaries – can be vastly improved if turned into digital operations.

He said merchants can easily and quickly accept digital payments by tapping the GCash platform. They don’t need to buy or rent expensive terminals, deal with certain documentary requirements, or sign up for high cost services and platforms. They just work with GCash, get a QR Code sticker, and start accepting payments, Aujero said.

He also said they are working to add basic analytics to the system so that their vendors would know their top times or highest earning products, among other important information.

Pavia said they are working with more merchants to quickly roll out GCash QR Code payments throughout the country. They are talking to malls and store chains first so that they can easily scale deployment, she said.

GCash Scan To Pay

GCASH MERCHANTS. GCash is working to have more than 100 establishments in Ayala Center Cebu accept QR Code payments.

Enthusiastic response

She said response to the system has been very enthusiastic with merchants quickly signing up when they started inviting stores.

They are also deploying it to non-retail institutions like schools. GCash can be used not only in canteens but also in paying for school fees. Pavia recounted how a school in Mindanao has a pawnshop inside the campus because it was through it that parents sent money to pay tuition. She said the problem on sending money for school fees can be easily solved by GCash and they are currently working on how to simplify this via integration into the school’s existing system.

Aujero said they are working to expand use of the platforms and this year’s investment by global electronic payments leader Ant Financial of the Alibaba Group provides a strong boost to make this happen in the Philippines.

Alipay pioneered QR Code payments in China, where it has 520 million users. In India, it has 300 million users.

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GCash launches Scan to Pay QR code payments in Ayala Center Cebu

You can now pay 50 stores in Ayala Center Cebu just by scanning a code via your phone using the GCash mobile app. The digital and cashless Scan To Code…

You can now pay 50 stores in Ayala Center Cebu just by scanning a code via your phone using the GCash mobile app.

The digital and cashless Scan To Code payment system was launched yesterday afternoon by Globe president and CEO Ernest Cu, who bought coffee and pastries in Abaca Baking Company by scanning a QR or quick response code near the cash register area.

Among the 50 stores that can accept payments via QR code scanning are Bo’s Coffee, Chika-an, Casa Verde, and Rose Pharmacy. By the end of the year, more than 100 stores will be able to use this payment option, the company said.

GCash scan to pay

SCAN TO PAY. Globe president and CEO Ernest Cu scans a QR code with his GCash app to pay for the coffee and pastries he bought from the Abaca Baking Company in Ayala Center Cebu.

Easy to set up

Officials said it is easy for vendors to integrate the payment system since all they need is the QR code.

“The people who have used it are amazed at the speed, amazed at the convenience of it,” Cu said in an interview during the launch. He flew into Cebu from Davao, where they also launched the system by partnering with the NCCC supermarket chain.

To pay using the system in partner stores, customers just need to open the GCash app then tap Pay QR, then choose Scan QR and then point the camera at the QR Code near the cash register then tap Pay.

“It is high time that our customers at Ayala Center Cebu experience the convenience of cashless transactions and offer scan to pay with GCash. This way, more people will have hassle-free options in making their transactions as they shop or dine at the mall,” said Ayala Center Cebu general manager Bong Dy.

Before the launch, Globe gave journalists and bloggers a preview on how to set up GCash and use the app to buy cellphone load. GCash allows its users to shop online, pay bills, and send money through the app.

GCash Scan to Pay

LAUNCHING. Globe president and CEO Ernest Cu answer questions of Cebu reporters during the launch of GCash Scan To Pay in Ayala Center Cebu.

Digital payments convenience

Cu highlighted the convenience of digital payments, saying cash “is a real burden for both the merchant and the buyer.”

“I heard a chain of 70 stores in the food business saying they accumulate 2 million pesos worth of coins before Christmas because they are afraid to run out. That’s a problem we need to solve,” he said.

Cu said he is “very confident” people will eventually adopt digital payments “because it solves a problem.”

“I personally have been using GCash for 4 years now. We started in the Globe tower. There was resistance in the beginning but then people used it and there was 99 percent satisfaction rating among employees,” he said.

Analytics for vendors

For merchants, satisfaction is even higher, said Cu.

“When merchants start the day, they just open up. There’s no need to prepare the cash register. And they get analytics, when is your heaviest transaction time? We can finetune the way we curate the vendors or the partners inside our food hall. Alam namin kung sinong malakas kung sinong mahina. Alam namin kung sinong malakas at the certain time of the day. We can do those analytics for them,” he said. “Which guy buys the most from you? Who are your repeat customers? You wanna do a campaign for them? Pwede rin. So many things we can do.”

He said digital payments create opportunities, especially for small business. “When I say small, I mean really small, kasi remember the GCash payment can be enabled for even your balut vendor, your cigarette vendor, your mais vendor. Kasi it requires no POS, just that particular QR code. That’s all you need,” Cu said.

He said the important challenge is to solve problems on cashing in. He said a key funder of GCash accounts are the more than 300,000 employees who receive their pay via the system.

GCash Scan to Pay QR Code

GCASH APP. You can Scan To Pay via the GCash mobile app.

Financial inclusion

Another key challenge is to raise awareness, he said.

“But we will hit the inflection point and it becomes the de facto standard of payment. I mean it happened in China, there was acceleration. It happened in India. Smartphones are coming with lower prices. A P3,000 gets you a decent Android now, which can make this happen,” Cu said.

He said the system is also a way to increase financial inclusion.

“As we gain records of your financial transactions, we are now able to give you a credit score. Together with your telco transactions, we can loan money in micro amounts, automatically. And say because of your transaction record you’re eligible for a loan of X pesos. You can also pay back through GCash. That way you don’t even have to enter a bank,” Cu said.

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Globe, Alibaba partnership makes GCash “future of payments” in Philippines

GCash is poised to lead the future of payments in the Philippines following the recent joint venture of Ant Financial, Globe Telecom, and Ayala Corporation. The collaboration is seen to…

GCash is poised to lead the future of payments in the Philippines following the recent joint venture of Ant Financial, Globe Telecom, and Ayala Corporation. The collaboration is seen to speed up the country’s digitization to make the lives of Filipinos much easier.

Jack Ma, founder and executive chairman of Alibaba Group, attended an event that marked the opening of the Philippine retail industry to electronic payments through GCash. Ma was joined by Ant Financial Services Group CEO Eric Jing, Ayala Corporation President and COO Fernando Zobel de Ayala, Globe President and CEO Ernest Cu, Ayala Land President and CEO Bobby Dy, and Mynt President and CEO Anthony Thomas.

GCash QR code

“Imagine a day when you can shop and buy cinema, bus and train tickets with a simple scan of your personal GCash QR code in your smart phone. The convenient daily life 520 million Alipay users are enjoying will soon be realized in the Philippines. In the past months, Ant Financial has worked closely with GCash product of Mynt, as we are dedicated to bringing digital financial services to our friends in the Philippines,” Jing said.

“We are thrilled to mark this special milestone with Mr. Jack Ma, and Mr. Eric Jing of Ant Financial — it goes without saying that we are very pleased to partner with Ant Financial, given their level of experience and expertise in this field,” said Zobel de Ayala. “We look forward to innovating and evolving with the Filipino consumer, together. This day marks a special moment in the history of technology and payments in the Philippines — this launches the first broad application of such technology, and marks GCash as the leader in this space.”

Cu said the partnership is now bearing fruit. “We are happy to share the initial successes that will disrupt payment methods in the Philippines. In this country, only 5% of the population have credit cards, leaving almost everybody to carry cash all the time to pay for something. Today, we are introducing the 3rd method of payment – GCash. We found the right partner and the right time to really scale up the business and change the way we use financial services.”

QR CODE PAYMENTS. Alibaba Founder and Executive Chairman Jack Ma (center, left) joins GCat, the GCash Mascot, as it shows a sample of the QR code that is set to change the landscape of payments in the country. Together with him are (from left) Mynt President and CEO Anthony Thomas, Globe President and CEO Ernest Cu, Ant Financial Services Group CEO Eric Jing, Ayala Corporation President and COO Fernando Zobel de Ayala, Ayala Land President and CEO Bobby Dy, and Ant Financial SVP and Head of International Operations Douglas Feagin.

Make digital preferred choice

“Now that more people are using data on their smartphones, the time is ripe to enable digital payments using the smartphone and let this go mainstream. Our challenge today is to make digital payments the preferred choice among our customers instead of cash or credit cards,” he added.

Through GCash, particularly the scan to pay feature of the GCash App, Filipinos can now experience the convenient cashless lifestyle.

The new payment option is a game changer for both consumers and merchants. It allows customers to pay for goods and services by simply using their smartphones to scan QR codes displayed by merchants and establishments.

Benefits for business owners

Business owners also benefit from not having to install expensive machines as they are provided with a QR code sticker which buyers can scan to pay. Customers pay the exact amount, removing the need for coins or change. GCash sees this solution working not just for organized trade but even for the ambulant vendors.

Joining GCash in showcasing the future of payments in the Philippines is Ayala Malls. Known as a retail innovator, Ayala Malls is a perfect catapult for GCash to reach thousands of consumers while also improving the customer experience for Ayala Malls shoppers. Glorietta is the first Ayala Mall to offer the GCash payment system in many of its shops and restaurants, as well as its cinemas.

GCash will be rolled out very soon to other Ayala Malls such as Greenbelt, TriNoma, Market! Market!, Alabang Town Center, Ayala Center Cebu, Bonifacio High Street, UP Town Center, Ayala Malls The 30th, Ayala Malls Vertis North, and Ayala Malls South Park. With the GCash scan to pay feature, Ayala Malls customers can catch up with the cashless experience of shoppers in other countries.

GCash is an internationally-acclaimed mobile wallet service of Mynt which can be used to buy load, pay bills, send money, and pay for goods and services whether online or offline. (Press Release)

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GCash launches GoPay, Philippines’ 1st mobile money QR payment system

GCash has launched the nation’s first QR payments via smartphone, a move expected to change the landscape of how Filipinos pay for their purchases. Dubbed “GoPay”, it is the newest…

GCash has launched the nation’s first QR payments via smartphone, a move expected to change the landscape of how Filipinos pay for their purchases.

Dubbed “GoPay”, it is the newest feature within the GCash app, which allows customers to use their GCash account to pay for goods and services by simply scanning QR codes displayed by merchants and establishments.

For consumers, this eliminates the hassle of bringing money, waiting for change, or getting into misunderstandings over payments. Merchants, on the other hand, would no longer need expensive machines to process mobile money transactions but only QRs with a unique code that is linked to their GCash wallet.

Cashless society

By making QR codes available to anyone, even to ambulant vendors and sari-sari store owners, GCash will be paving the way for a cashless society which means faster, more convenient, and secure transactions for both merchants and consumers.

“Our goal has always been to make finance more inclusive by building a cashless ecosystem. GoPay QR payments solution will close the loop and drive merchants accepting GCash payments. We plan to extend this service from all types of retailers nationwide down to our favorite fishball vendor.” said John Rubio CEO and President of Mynt, a subsidiary of Globe Telecom dedicated to developing payments solutions using GCash.

Mobile money convenience

JM Aujero, Mynt Merchant Acquiring Head added, “With GoPay QR, consumers don’t even need to bring cash when they go shopping or when they eat out. It is the best option for people who do not want to use credit cards but are either wary of having cash with them due to safety reasons or just want the convenience that mobile money offers.”

To use GoPay, a customer with an iPhone or an Android smartphone just needs to download or update to the latest version of the GCash App, register for an account, and fund his GCash wallet at any of over 12,000 GCash Partner Outlets nationwide. Once done, he has to open the GCash App and swipe left on the page. The GCash App will bring up the phone’s camera, at which point he has to “scan” a partner store’s QR code and enter the amount to be paid.

GoPay will be rolled out within the next few weeks at select partner stores. Its introduction is in line with the thrust of Ant Financial, parent company of Alipay and strategic partner of Mynt, to accelerate financial inclusion and upgrade payment services in the Philippines. Alipay popularized QR code payments in China.

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