Thursday, May 28, 2020

GCash Is The Preferred Mobile Wallet By Filipinos For Cashless Transfers

GCash Is The Preferred Mobile Wallet By Filipinos For Cashless Transfers

Spotlight

Celebrities And Influencers Join Love Plus Charity Foundation

These celebrities and influencers have stepped up and maximized their privilege by helping out during the COVID-19 pandemic.

DOTr Reiterates PUV Transport Protocols Under MECQ, GCQ

Department of Transportation reminds the public to follow the imposed health and safety guidelines for public transportation to prevent transmission of COVID-19.

SM Net Income At PHP9.0 Billion In Q1

SM Investments Corporation reports its first quarter net income stood at PHP9.0 billion, lower by 16% than the previous year, partially due to the ECQ.

MRT-3 Eyes Completion Of Line Replacement Works By September

MRT-3 will also increase running speed to 60 KPH by December!

GCash is the top mobile wallet used by Filipinos for cashless transactions, comprising 4.9 million out of the overall 6.4 million mobile wallet remitters in the country, according to a 2019 study conducted by The Nielsen Company.

Cashless transfers are defined as the use of any device or tool to send and receive money online, including bank transfers. Filipinos utilizing cashless transactions now comprise 19 percent or 9.3 million out of an estimated total 49 million who do money transfers.

“There are 39.7 million who are still into exclusive cash-to-cash transfer and who have not tried a cashless solution. There are 2.9 million non-mobile wallet cashless remitters as well. These present a lot of potential for mobile wallets to expand and capture large, untapped segments,” said Mynt president and chief executive Anthony Thomas.

Sending allowance for children and family members is the top reason for money transfers, and e-wallets are seen to become increasingly relevant and attractive as it provides more functions and benefits. “GCash provides added accessibility and convenience that does not disrupt but rather enhance one’s current lifestyle,” explained Thomas.

GCash as a mobile wallet offers easy cash-in and cash-out options, through debit card and linked bank accounts as well as offline at 7-Eleven, MLhuillier and many other establishments. The study also revealed that mobile wallet users prefer GCash because it charges low or no service fees for digital transactions.

GCash, being the leader in the mobile wallet segment, aims to continuously innovate and improve the user experience through added-value services and features. Remitting money is more personalized and fun with options to attach photos and videos or to send money in lucky Ang Pao form. The KKB feature on GCash also allows payments to be split equally or managed among a group of users.

GCash also provides users increased security and peace of mind when using the app with the recent launch of Customer Protect, a program that provides compensation for unauthorized financial transactions on their GCash app, GCash on Messenger or GCash Mastercard platforms arising from instances such as stolen mobile phones or identity theft.

“GCash has thought of the end-to-end experience and is providing the best way to facilitate money transfers by thinking of and putting our customers first,” concluded Thomas.

Latest News

DFA: 29 New COVID-19 Cases, 6 Deaths Among Pinoys Abroad

A total of 2,664 Filipinos abroad have so far been diagnosed with the COVID-19 after the Department of Foreign Affairs (DFA) reported 29 new cases.

880 Stranded OFWs In Manila Arrive In Panay, Guimaras

For the past two days, 880 OFWs who were stranded in Manila were repatriated back to Panay and Guimaras islands through the Iloilo port and airport.

5 Reasons To Try Wreck Diving After Quarantine Based On iWant’s “Wreck Hunters”

Here are 5 reasons kung bakit kailangan mong isama ang wreck diving sa next outing n'yo!

Soccsksargen Receive Rapid Test Kits, PPE Sets From Gov’t

National gov't delivers 7,500 units of rapid test kits and PPE sets to facilitate testing for returning OFWs and residents in Region 12.

Free Fish Distributed To Over 600 Poor Families, IPs In Cebu

Over 1,400 kilograms of free fish were distributed to more than 600 poor families including the indigenous peoples (IPs) affected by the community quarantine measures in Cebu.

House Panel Hurdled By 35-Hour Work Scheme Proposal

Sang-ayon ka bang bawasan ang work hours?

Pres. Duterte, Vietnam PM Commit To Stronger Ties, Stable Rice Supply

In a telephone conversation requested by the PM, both leaders underscored the importance of maintaining adequate supply of staple food and critical medical equipment to successfully combat the COVID-19 pandemic.

MMDA: Medical Frontliners Exempted From Number Coding

HEADS UP! Health workers will be exempted from the number coding scheme starting June 1, as per MMDA.

Lenovo Re-Enters PH Smartphone Market With New Models

These colors are such eye candies! 😍✨