Third-party payment innovation in the Philippines: Bipay joins hands with GCash to lead a new era of

In today's digital era, the third-party payment industry in the Philippines is undergoing unprecedented changes. As the country's top e-wallet, GCash announced its international B2B expansion plans at the Singapore Fintech Festival 2023 (SFF 2023), bringing more convenience and international payment experience to Filipino users. In this context, as a professional Philippine collection and payment service platform, Bipay's in-depth cooperation with GCash will undoubtedly inject new vitality into this process.

Martha Sazon, President and CEO of GCash, introduced the new function of GCash at the symposium, that is, users can check the real-time foreign exchange rates of some countries such as Singapore, Japan and the United States. This innovation allows Filipino tourists as well as Filipinos abroad to enjoy the same payment benefits as those with credit cards and bank accounts. They can make cashless payments at stores and institutions that accept Alipay+ or card transactions, which greatly improves the convenience and popularity of payments.

GCash’s international expansion doesn’t stop with individual users. Sazon emphasized that to truly achieve transformation, it is necessary to enter the B2B field and solve the problems and frictions existing in this field. Therefore, GCash began to strengthen its services for corporate customers, providing enterprises with digital financial tools and cooperative marketing solutions. This strategic transformation not only broadens GCash’s business scope, but also provides valuable opportunities for Philippine micro, small and medium-sized enterprises (NMSMEs) to achieve digital transformation.

In this context, the cooperation between Bipay and GCash is particularly important. As a professional Philippine collection and payment service platform, Bipay is committed to providing users with efficient and safe payment solutions. Through close cooperation with GCash, Bipay can further expand its service scope and provide more Filipino users with an international payment experience. Whether it is Bipay gcash, Bipay Philippines collection or Bipay Philippines payment, Bipay Pay strives to be the best in every detail to meet the ever-changing needs of users.

It is worth mentioning that GCash has also partnered with global payments giant Alipay+ to expand its coverage beyond the Philippines. This allows travelers to use GCash for cashless transactions in 17 countries including Singapore, Japan, and the United States. In addition, GCash also supports overseas users to register using mobile phone numbers in six countries including the United States, Italy, and Japan, further improving its international level.

GCash's success is no accident. As the only "double unicorn" company in the Philippines, GCash is valued at more than US$2 billion. In addition to its core money transfer business, GCash also provides other financial services such as fair loans, investments, insurance, and other lifestyle services. This rich series of financial products and services makes GCash unique in the Philippine market and lays a solid foundation for its international expansion.

As digital transformation continues to deepen, the third-party payment industry in the Philippines will face more opportunities and challenges. The cooperation between Bipay and GCash will inject new vitality into this industry and jointly promote the innovation and development of the Philippine payment industry. This will be a new era full of opportunities for both individual users and corporate customers.

In this era full of changes, Bipay and GCash will continue to adhere to the service concepts of innovation, convenience and security to provide users with more high-quality and efficient payment solutions. Let us look forward to this golden pair creating more brilliant achievements in the future!