GCash plans global B2B expansion with payments acceptance for Filipinos
By Gloria Mathias
GCash, the Philippines-based financial super app, has gone live with worldwide payment acceptance for Filipinos and debuted its international services at the Singapore Fintech Festival 2023.
GCash president and CEO Martha Sazon unveiled a new feature in the app where users can view real-time foreign exchange rates in select countries such as Singapore, Japan, and the USA.
“Through GCash services, Filipino travellers as well as those who live and work overseas can enjoy the same benefits as those who own credit cards and bank accounts. They can use the app to pay in stores and establishments that accept Alipay+ or accept card transactions,” Sazon noted.
GCash has been growing its reach beyond Philippine shores through its partner, global payments giant Alipay+, by allowing travellers to use the e-wallet for cashless transactions in 17 countries, such as Singapore, Japan, and the USA. It has enabled users overseas to sign up for GCash using international mobile numbers in six countries, such as the USA, Italy, and Japan.
Through its partnership with Visa, GCash users can make cashless transactions with over 80 million merchants across 200 countries. Customers can order the new GCash Card via the app. Aside from that, they can pay with GCash in establishments that accept Alipay+ by either scanning their QR codes or generating a code.
“I think to really transform the nation we start playing in the B2B space. We can’t just be one of the players; we need to really address the pain points and the friction that’s in the B2B space to make it a more meaningful play for us,” Sazon explained.
Aside from providing digital financial tools for enterprise clients, GCash also offers partner marketing solutions to businesses, both big and small, leveraging the app’s reach. Meanwhile, it is focusing more on how it can help in the digital transformation of nano, micro, small, and medium enterprises (NMSME) with a suite of innovative business solutions.
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