BiPay joins hands with GCash to build a new era of cashless payments in the Philippines

ink>2ink>day, as ink>0 wave of digital transformation sweeps the world, the payment industry in the Philippines has also ushered in unprecedented changes. As a leader in the Philippine financial technology field, the powerful combination of Bipay and the leading e-wallet GCash is opening a new chapter of cashless payment for merchants and consumers in the Philippines.

Cashless payment, an inevitable choice during the epidemic

Since the outbreak of COVID-19, cashless payment methods have been favored by the Filipino people for their convenience, safety and hygiene. According to the latest data, credit card, debit card and electronic money transactions in the Philippines have shown significant growth, and GCash has achieved a leap in transaction volume during the epidemic with its large user base and excellent service experience. increase.

Faced with this trend, Bipay actively responded to market demand and worked hand in hand with GCash to directly integrate GCash payment functions into its PCI DSS Level 1 compliance platform, providing a one-stop service for enterprises in key areas such as hospitals, clinics, and schools. A cashless payment solution. This not only greatly facilitates consumers, but also brings a more efficient and safer payment experience to merchants.

Focus on key areas to help society move forward

Bipay knows that enterprises in key fields play a vital role in promoting the transformation of the Philippines into a cashless society. Therefore, the company has a special focus on people's livelihood protection institutions such as hospitals, clinics and schools, and is committed to ensuring that these institutions can operate normally during the epidemic and provide necessary services to the people by providing fast and safe cashless payment services.

“Our mission is to enable every Filipino to enjoy the convenience of cashless payments, and businesses in key areas are an important part of achieving this goal.” said Kathleen Acosta, co-founder and chief operating officer of Bipay, "The cooperation with GCash brings us one step closer to this goal. We believe that through the joint efforts of both parties, the era of cashless payments in the Philippines will be accelerated."

Simplify the process and lower the threshold

In order to allow more enterprises to easily access the cashless payment system, Bipay has specially optimized the merchant entry process. Merchants only need to submit the necessary registration information, and the review can be completed and used online within 1 working day. In addition, the platform also waives threshold restrictions such as registration fees, setup fees and monthly sales requirements, allowing small and medium-sized enterprises to easily enjoy the convenience of cashless payments.

Conclusion

With the in-depth development of digital transformation, cashless payment has become an irreversible trend. The cooperation between Bipay and GCash not only brings a more convenient and secure payment experience to Filipino merchants and consumers, but also injects new vitality into the cashless payment era in the Philippines. Looking to the future, the two parties will continue to deepen cooperation, jointly promote the innovative development of the Philippine payment industry, and contribute to the digital transformation of the Philippines.