GCash payments will now be encouraged as mode of payments at selected establishments at Ayala Malls starting with Glorietta. Consumers will simply scan the QR codes displayed at merchants and establishments using the GCash app on their smartphones.
Business owners also benefit from not having to install expensive machines which costs around a minimum of P100k, plus the soft ware and the maintenance. They will simply be provided with a QR code sticker which buyers can scan to pay. Customers pay the exact amount, removing the need for coins (or candies) or change. GCash sees this solution working not just for organized trade but even for the ambulant vendors.
Aside from convenience stores, loading stations are also available inside Ayala Malls for your GCash transactions. You can also pay your bills and send money thru the loading stations.
China has been benefiting from a cash-less society for quite some time now thru the help of different financial institutions including Alipay of the Alibaba Group represented by founder and executive chairman Jack Ma who graced the opening of the Philippine retail industry to electronic payments through GCash.
Jack 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.
“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,” said Zobel de Ayala said.
GCash is is poised to lead the future of payments in the Philippines following the recent joint venture of Ant Financial, Globe Telecom, and Ayala Corporation which is seen to speed up the country’s digitization to make the lives of Filipinos much easier.
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.
“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,” Globe President and CEO Ernest Cu.
Through GCash, particularly the scan to pay feature of the GCash App, Filipinos can now experience the convenient cashless lifestyle. Even Piolo looks surprised.
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.