back Back

GCash plans global B2B expansion with payments acceptance for Filipinos

By Gloria Mathias

November 29, 2023

  • Alipay
  • APAC Fintech
  • APAC Fintech news
Share

GCash, FinTech, Globe Telecom, Mynt, Globe FinTech Innovations, ASP Philippines, Bow Wave Capital Management, Philippines, Payments, Alipay+, Card Transactions, Philippines Fintech, APAC  News, 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.

Previous Article

November 29, 2023

Prop Trading FinTech Fintokei expands its footprint in Europe

Read More
Next Article

November 29, 2023

Mambu and Aldermore Bank enter strategic partnership in the UK

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

Alipay

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ebury and Nium team to offer cross-border payments in Brazil

Read More

Today

Vencora acquires CREALOGIX to expand its banking technology services

Read More

Today

MultiPay teams up with Acquired.com to launch Pay By Bank

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023