Wednesday 21 February
Powered by Ajaxy
Oct 25, 2017 @ 22:24

Mobile wallet war brews: Globe-Jack Ma JV launches barcode-based payment platform

 

The Ayala-led Globe Telecom and Chinese tycoon and Alibaba Group founder Jack Ma’s Ant Financial Services Group, rolled out a new payment option that allows cashless transactions by scanning QR codes.

The scan to pay feature of Gcash only requires merchants to scan a QR code using their phones in establishments to complete a transaction.

“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,” said Globe president Ernest Cu.

Gcash president Alberto Tinio expects to double the number of its users to 10 million by next year from five million this year.

“Our biggest desire is for people to adopt or use GCash,” Tinio said.

GCash is a micropayment service which can be used to buy prepaid load, pay bills, send money, make donations, shop online and purchase goods without the need for cash.

Tags: , , , , , , , , , , ,

Related Stories
This Cabinet official was blown away by these financial technology breakthroughs.
The Nuremberg toy fair, the world's largest, opened its doors this week to an industry
Chinese e-commerce giant Alibaba Thursday posted a 35 percent surge in net profit in the
As demand for batteries drives a surge in the price of cobalt, the Democratic Republic


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.