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| On stage at the GCash Mobile App Scan To Pay launch held on October 25, 2017 at the Glorietta, Ayala Mall in Makati, were (l-r) Alibaba Founder and Executive Chairman Jack Ma (center, left) joins GCat, the GCash Mascot as it shows a sample of the QR code that is set to change the landscape of payments in the country. Together with him are (from L-R): Mynt President and CEO Anthony Thomas, Globe President and CEO Ernest Cu, Ant Financial Services Group CEO Eric Jing, Ayala Corporation President and COO Fernando Zobel de Ayala, Ayala Land President and CEO Bobby Dy, and Ant Financial SVP and Head of International Operations Douglas Feagin. |
Globe Telecom, in partnership with Ant Financial and Ayala Corporation, recently re-launched GCash, with its new scan to pay feature of the GCash Mobile App, which aims to speed up the country’s digitization, and make the lives of Filipinos easier. This partnership is a trailblazer in making more people live in a cashless society, and enjoy a game-changing lifestyle.
Jack Ma, Founder and Executive Chairman of Alibaba Group was the special guest during the opening program on October 25, 2017 at the Glorietta Mall in Makati. This marks the take-off of the Philippine retail industry to electronic payments through GCash at Ayala Malls.
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| Glorietta is the first Ayala Mall to offer the GCash payment system in many of its shops and restaurants, as well as its cinemas. |
At the walk-through and launch, Ma was joined by Ant Financial Services Group CEO Eric Jing, Ayala Corporation President and COO Fernando Zobel de Ayala, Globe President and CEO Ernest Cu, Ayala Land President and CEO Bobby Dy, and Anthony Thomas, Mynt President and CEO opened the Philippine retail industry to electronic payments through GCash.
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| GCash sees this solution working not just for organized trade, but even for the ambulant vendors, like this ice cream seller showing off his QR Code. Safety, security and convenience are assured for both consumer and merchant. Here with the innovative team led by Globe CEO Ernest Cu (second from left). |
“Imagine a day when you can shop and buy cinema tickets, bus and train tickets with a simple scan of your personal GCash QR code in your smart phone. The convenient daily life 520 million Alipay users are enjoying will soon be realized in the Philippines. In the past months, Ant Financial has worked closely with GCash product of Mynt, as we are dedicated to bringing digital financial services to our friends in the Philippines," said Eric Jing, CEO of Ant Financial Services Group. "Technology is helping more people to enjoy the benefits of digital financial services in a cost-effective, efficient and safe way. I hope we may share our technologies and experiences with our partner, helping them to better serve more local users," added Jing.
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| Prominent GCash hub at the Concierge of Glorietta, Ayala Mall in Makati. |
Ayala Corporation President and COO Fernando Zobel de Ayala reveals, “We are thrilled to mark this special milestone with Mr. Jack Ma, and Mr. Eric Jing of Ant Financial — it goes without saying that we are very pleased to partner with Ant Financial, given their level of experience and expertise in this field. We look forward to innovating and evolving with the Filipino consumer, together. This day marks a special moment in the history of technology and payments in the Philippines — this launches the first broad application of such technology, and marks GCash as the leader in this space."
Ayala seeks to promote financial inclusion for the underserved Filipinos. It continuously invests in creating new channels and access points that broaden payment and lending options for all. The partnership with Globe and Ant Financial Services Group, one of the world’s leading digital financial services providers and parent company of Alipay is aligned with Ayala’s recent strategic investments to meet the people’s changing needs, and accelerate the development of the Philippines’ digital economy.
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| Look for the GCash QR Code display at participating stores, restaurants, and cinemas of Ayala Malls. |
Ernest Cu, Globe President and CEO noted that the partnership is now bearing fruit. “We are happy to share the initial successes that will disrupt payment methods in the Philippines. In this country, only 5% of the population have credit cards, leaving almost everybody to carry cash all the time to pay for something. Today, we are introducing the 3rd method of payment -- GCash. We found the right partner and the right time to really scale up the business and change the way we use financial services.”
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| Text confirmation of purchase are sent to both consumer and merchant. |
“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,” Cu added.
The new payment option is a game changer for both consumers and merchants. It allows customers to pay for goods and services by simply using their smartphones to scan QR codes displayed by merchants and establishments. On the other hand, business owners also benefit from not having to install expensive machines as they are provided with a QR code sticker which buyers can scan to pay. Customers pay the exact amount, removing the need for coins or change. GCash sees this solution working not just for organized trade but even for the ambulant vendors.
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| Cinema tickets in Glorietta can be purchased by scanning the QR Code of the GCash Mobile App. |
Known as a retail innovator, Ayala Malls is a perfect catapult for GCash to reach thousands of consumers while also improving the customer experience for Ayala Malls shoppers. Glorietta is the first Ayala Mall to offer the GCash payment system in many of its shops and restaurants, as well as its cinemas.
GCash will be rolled out very soon to other Ayala Malls such as Greenbelt, TriNoma, Market! Market!, Alabang Town Center, Ayala Center Cebu, Bonifacio High Street, UP Town Center, Ayala Malls The 30th, Ayala Malls Vertis North, and Ayala Malls South Park. With the GCash scan to pay feature, Ayala Malls customers can catch up with the cashless experience of shoppers in other countries.
Mynt, a fully-owned subsidiary by Globe is the mobile wallet service technology which can be used to buy load, pay bills, send money, and pay for goods and services whether online or offline.
Download GCash Mobile App on your phone for free using Google Play or the Apple Store.
Watch Facebook LIVE video of the GCash opening program.
Visit www.gcash.com for more details.
Images and Fb Live video by Monch Henares.
