Globe launches PHL’s 1st mobile money QR payment

 News
Aug 112017
 

Globe Telecom has set up the Philippines’ first QR payments system via smartphone with the launch of “GoPay.”

GoPay

GCash launches the country’s first mobile money QR payment.

“GoPay” feature in the GCash app allows customers to use their GCash account to pay for goods and services by simply scanning QR codes displayed by merchants and establishments.

The country’s leading mobile money service provider anticipates that the new feature will allow consumers hassle-free payments with the elimination of cash transactions, long lines, and inaccurate charges.

Merchants would also benefit from “GoPay” with the elimination of expensive machines for processing mobile money transactions.

“GoPay” only requires QR codes linked to the GCash wallet.

The new app feature will allow even ambulant vendors and sari-sari store owners to utilize the system.

"Our goal has always been to make finance more inclusive by building a cashless ecosystem. GoPay QR payments solution will close the loop and drive merchants accepting GCash payments. We plan to extend this service from all types of retailers nationwide down to our favorite fishball vendor," said John Rubio CEO and President of Mynt, a subsidiary of Globe Telecom dedicated to developing payments solutions using GCash, in a Globe Telecom release. 

JM Aujero, Mynt Merchant Acquiring Head added:  “With GoPay QR, consumers don't even need to bring cash when they go shopping or when they eat out.  It is the best option for people who do not want to use credit cards but are either wary of having cash with them due to safety reasons or just want the convenience that mobile money offers.” 

To use GoPay,  a customer with an iPhone or an Android smartphone just needs to download or update to the latest version of the GCash App, register for an account, and fund his GCash wallet at any of over 12,000 GCash Partner Outlets nationwide. Once done, he has to open

the GCash App and swipe left on the page. The GCash App will bring up the phone’s camera, at which point he has to “scan” a partner store’s QR code and enter the amount to be paid. GoPay will be rolled out within the next few weeks at select partner stores.  Its introduction is in line with the thrust of Ant Financial, parent company of Alipay and strategic partner of Mynt, to accelerate financial inclusion and upgrade payment services in the Philippines. Alipay popularized QR code payments in China.

 

The post Globe launches PHL’s 1st mobile money QR payment appeared first on Good News Pilipinas.

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Phl gets support of 3 countries to keep rice import restriction

 Economy
Oct 232013
 
Phl gets support of 3 countries to keep rice import restriction

MANILA, Philippines – Three countries have endorsed the Philippines’ bid to keep its special restriction on rice imports until 2017. The National Food Authority (NFA) said China, India and Indonesia have supported the country’s petition to continue imposing its quantitative restriction (QR) on rice during a meeting of the World Trade Organization (WTO) Committee on Trade in Goods (CTG) in Geneva. Rice is the only commodity in the Philippines that enjoy a special restriction. “The outcome of the CTG (meeting) has reinvigorated and boosted the country’s efforts in pushing the initiative into positive conclusion by early next year,” Agriculture Assistant Secretary Romeo Recide, chief negotiator of the Philippines, said. The country’s petition will be tackled again in the special CTG meeting in March, during which a general consensus on the matter is expected to be arrived at. “If this goes well, we may get the general concensus by March,” said NFA administrator Orlan Calayag, adviser to the negotiating panel. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 This corresponds to the final approval of the Philippines’ petition on the QR extension. Participating in the negotiations for the country’s bid for QR extension are Australia, China, Canada, India, Indonesia, El Salvador, Pakistan, Thailand, US, and Vietnam. Also included in the negotiations are European Union, Japan and Korea. “What is important is that we get the consensus of the countries we are negotiating with,” said Calayag. The European Union, Japan and Korea have also shown support for the country’s petition.