Globe teams up with Alipay for e-remittance service
GCash is venturing into the blockchain technology using Jack Ma’s expertise.
In a statement, GCash and AlipayHK announced that they are offering a cross-border remittance service via e-wallets, which will leverage on technology offered by the Ant Financial Services Group.
Blockchain is expected to facilitate the faster and cheaper transfer of money between the two countries.
“This service between GCash and AlipayHK will provide round-the-clock, real-time money transfer between Hong Kong and the Philippines at a competitive exchange rate with much lower transaction fees, which will be further waived during an initial three-month trial period,” the statement read.