BiPay joins hands with GCash to usher in a new era of payment for small and micro merchants in the P

In the Philippines, a market full of vitality and opportunities, small and micro businesses, as an important pillar of the economy, are facing a wave of digital transformation. In order to help these merchants better adapt to market changes and improve their competitiveness, Bifu Pay and GCash have joined hands to jointly launch a series of innovative payment solutions, opening a new era of payment for small and micro businesses in the Philippines.

Bifu Pay: A leader in one-stop payment solutions

As a leader in the field of third-party payment, Bifu Pay has been committed to providing efficient, convenient and secure payment services for small and micro businesses. We are well aware that in the digital age, the quality of payment experience is directly related to the survival and development of merchants. Therefore, Bifu Pay continues to optimize product functions, improve service quality, and strive to create greater value for merchants.

GCash: A powerful boost for financial super applications

GCash, as the leading financial super application in the Philippines, has a huge user base and a complete payment system. Through cooperation with GCash, Bifu Pay is able to deeply integrate its own payment solutions with GCash's payment channels, bringing unprecedented payment convenience to small and micro businesses in the Philippines.

Innovative payment solutions to help merchants grow

In this cooperation, Bifu Pay and GCash jointly launched a number of innovative payment solutions, including but not limited to:

Zero-fee payment service: For small and micro merchants using scan-to-pay services, GCash will waive QRPH transaction fees and merchant discount rates (MDRs) until the end of 2023. This move will significantly reduce merchants' payment costs and improve their profitability.

Wallet limit increase: The wallet limit of small and micro merchants will be increased to P500,000 per month to meet their growing payment needs.

Transaction fee reduction: For merchants with monthly sales of no more than P100,000, GCash will waive 1.5% transaction fees. This policy will further reduce the burden on merchants and stimulate their business vitality.

Safe, convenient and efficient payment experience

Through the cooperation between Bifu Pay and GCash, small and micro merchants in the Philippines will enjoy a safer, more convenient and efficient payment experience. Whether it is online shopping, offline consumption or cross-border transactions, merchants can easily cope with it and meet the diverse payment needs of customers. At the same time, we will also provide merchants with comprehensive payment security to ensure the authenticity and reliability of each transaction.

Join hands to create the future and draw a new blueprint for payment

Looking to the future, Bifu Pay and GCash will continue to deepen cooperation and jointly explore more innovative payment models and service scenarios. We will be guided by user needs and driven by technological innovation to provide more personalized and intelligent payment solutions for small and micro merchants in the Philippines. At the same time, we will also actively fulfill our social responsibilities, promote financial inclusion and the development of the digital economy, and contribute to the prosperity of the Philippine economy.

In this era full of opportunities and challenges, Bifu Pay is willing to work hand in hand with GCash to jointly lead a new era of payment for small and micro merchants in the Philippines!