BiPay joins hands with GCash to unlock a new blue ocean of payment in the Philippines

In the vibrant market of Southeast Asia, the Philippines has become a must-go place for many overseas companies with its huge consumption potential and increasingly mature digital payment environment. As the leader in the field of e-wallets in the Philippines, GCash not only carries the trust and dependence of local users, but also provides unprecedented payment solutions for overseas companies with its excellent performance and wide coverage. Today, let us explore how to work with GCash through BiPay to jointly unlock the new blue ocean of Philippine payment.

GCash: The Unicorn of Philippine Payment

Since successfully raising more than US$175 million in funds in early 2021, GCash has rapidly emerged as a unicorn company in the payment industry with its strong technical strength and broad market prospects. As an e-wallet under Globe Telecom, GCash not only has a huge user base (more than 33 million users, accounting for 30% of the Philippine population), but also has the full support of top financial technology companies such as Ant Financial. From the technical empowerment of the Alipay team to Jack Ma's personal promotion, GCash has reached the industry-leading level in payment technology, user experience and market influence.

Rich functions to meet diverse needs

GCash's functions are comprehensive and powerful, covering almost all scenarios in the payment field. From daily mobile phone recharges, water and electricity bill payments, to credit card repayments, government bill payments, and school tuition bill processing, GCash can handle it easily. In addition, its P2P lending function meets the needs of Filipinos for advance consumption, and the transfer business realizes free inter-bank transfers without a minimum balance limit. For merchants, GCash has been widely connected to online shopping systems such as Lazada, and supports tens of thousands of offline merchants to collect payments. At the same time, it has realized the "one code two scans" with Alipay, which greatly facilitates cross-border payments.

Bifu Pay: A payment bridge for overseas companies

Faced with such a huge market and rich payment scenarios, how can overseas companies quickly access GCash and realize localized payments? This is exactly the core value that Bifu Pay can provide. As a professional Philippine third-party payment brand, Bifu Pay has not only established a close cooperative relationship with GCash, but also provided overseas companies with convenient and efficient payment access services through third-party gateway integration. Through Bifu Pay, companies can solve all payment problems at one time and quickly cover the Philippine market.

Seamless connection, simple process

The process of connecting to Bifu Pay and using GCash to pay is extremely simple. After submitting the order on the platform, users only need to select GCash as the payment method, fill in the mobile phone number and obtain the SMS verification code, and then enter the MPIN code to complete the payment. The whole process is fast and smooth, and the user experience is excellent. For overseas companies, this means a higher payment success rate and a lower user churn rate.

Conclusion

In the journey to the Philippines, the payment link is undoubtedly a crucial link. Through Bifu Pay and GCash, overseas companies can not only quickly cover a large user group, but also enjoy stable and reliable technical support and rich and diverse payment scenarios. This will not only greatly enhance the market competitiveness of enterprises, but also lay a solid foundation for the long-term development of enterprises in the Philippine market. In the future, as the digital payment market in the Philippines continues to mature and expand, the cooperation between Bifu Pay and GCash will surely usher in a broader development space. Let us work together to open a new chapter in Philippine payment!