Philippine e-wallet GCash: a unicorn in the payment industry and a top choice for companies going gl

In the Philippines, the e-wallet GCash is known as the local "Alipay", and its strength and influence cannot be underestimated. Since raising more than $175 million from New York-based private equity fund Bow Wave Capital Management in early 2021, GCash's valuation has soared to more than $1 billion, becoming a dark horse in the payment industry.

As an e-wallet under the Philippine telecommunications company Globe, GCash has received strong support from Ant Financial, especially in terms of payment technology. Alipay once sent a team of more than 30 people to empower GCash, bringing many advanced technologies and rich experience including Ant Data Platform, Alibaba Cloud's underlying infrastructure, Alipay's security, and risk control models. Even Jack Ma personally went to the Philippines to promote GCash and demonstrated the convenience of scanning merchant QR codes to pay.

GCash has very comprehensive functions, covering bill payment, P2P lending, transfer business, merchant payment, and payroll, and even provides credit card services. Whether it is daily mobile phone recharge, water and electricity bills, credit cards, government bill payments, or school tuition bills, GCash can easily handle it. Its P2P lending function is also very important for many people in the Philippines, because the Philippines is a country with a habit of pre-consumption.

As the largest e-wallet in the Philippines, the number of GCash users has exceeded 33 million, equivalent to 30% of the Philippine population, and its growth rate is as high as 50%. This makes GCash dominant in the field of e-wallets in the Philippines and has very amazing potential. Thanks to the technical support of Ant Financial, GCash is not only rich in functions, but also has the highest payment success rate among all e-wallets in the Philippines.

For companies going overseas to the Philippines, it is very necessary to access GCash. Because GCash not only has a wide user coverage, but also has stable technology and a wide range of usage scenarios. Whether it is the e-commerce industry, or digital entertainment such as live broadcasting, games, and online reading, it is very suitable to access GCash.

The process of accessing GCash is also very simple. Merchants can access it through a third-party gateway (specific contact information can be obtained on the homepage), and the payment process is convenient and simple. After the user submits the order on the platform, select GCash at the cashier, click pay to enter the next step, fill in the mobile phone number, and enter the 4-digit MPIN code after obtaining the 6-digit SMS verification code to complete the login payment.

In general, GCash is a leader in the Philippine payment industry, showing strong strength in terms of the number of users, comprehensive functions and technical stability. For companies going to the Philippines, connecting to GCash is undoubtedly a wise choice. If you want to learn more about Philippine payment, please contact Safepay Roy Payment.