What is GCash? GCash Review

What is GCash? GCash Review
Globe GCash is a micropayment system under the Philippine telecommunications company Globe. Chinese people usually call it the Philippine version of Alipay. Jack Ma has also supported GCash and personally experienced scanning payment. Industry Payment Founded in 2014 Also known as the Philippine version of Alipay


Basic Introduction

GCASH offers a variety of services such as buying airtime, data, money transfer, bill payments – all with text messages. It is available in retail stores, online and mobile stores. GCASH is constantly expanding its existing portfolio of services to achieve maximum customer satisfaction.

GCASH also offers American Express Virtual Pay or MasterCard, which gives users a virtual account linked to their GCASH wallet. With GCASH American Express Virtual Pay, customers can purchase electronic goods and services on international websites. The GCASH MasterCard is ideal for those who don’t yet have their own credit or debit card, as it is a prepaid card linked to a GCASH account.

GCash Card Types

1. GCash MasterCard: (can be used for shopping mall and hotel transactions, online shopping payments, transportation Beep card, i.e. "tram card");

2. GCash American Express: (can be used to pay electronic bills of American business shopping websites, such as Amazon, Ebay, etc.).

Function

The functions of GCash are very similar to those of Alipay. Users can use GCash to recharge their mobile phones, purchase data traffic, and pay various life bills: electricity, water, internet, and credit card payments. It is simple and exactly the same.

Purpose of establishment

GCash was founded with the goal of "turning the phone into a wallet" and using one card for multiple purposes. GCash cards are introduced to use a "cashless" method, allowing users to enjoy convenient and effective services, just like Alipay, the Chinese version of "Ant Financial". With Alibaba Group and Globe Telecom promoting a more convenient "scan code payment" activity, GCash is more widely used by the public.

Development History

In 2004, GCash was founded.

In 2014, GCASH launched Global Pay, a point-of-sale mobile service for enterprises and SMEs.

In February 2017, Ant Financial and Mynt, a digital financial company in the Philippines, reached a strategic partnership to empower Mynt's e-wallet GCash in multiple dimensions.

On October 25, 2017, GCash, the largest e-wallet in the Philippines with more than a decade of history, was the first to launch QR code payment in the Philippines. This was only eight months after Ant Financial announced its investment in Mynt in February of that year.

In June 2018, GCash, a Philippine telecom company, partnered with Alipay to allow cross-border remittances between individuals in the Philippines and Hong Kong, which it said was a world first.

As of 2019, GCash has 20 million users and more than 63,000 partner merchants across the country.

FAQ

Q: What does “verifying your account” mean?

A: The Central Bank of the Philippines requires a KYC audit. This is a one-time verification process to ensure that you are a genuine GCash user. After verification, you will have access to more features and GCash services, such as: cash out, remittances; use your GCash MasterCard to purchase products and make ATM withdrawals; cash out through PayPal, bank and debit cards; receive international remittances; and use GCredit.

After KYC review, your transaction limit will also change:

1. The maximum wallet balance increased from 40,000 Philippine pesos to 100,000 Philippine pesos;

2. American Express Virtual Pay total spending amount upgraded to 100,000 pesos;

3. The daily limit for airtime increases from 500 pesos to 100,000 pesos.

4. The limit on bills you pay increases from 5,000 pesos to 100,000 pesos.

Q: Can I change my GCash card number?

A: It cannot be changed.

Q: Can GCash open a large number of cards?

A: You can register multiple accounts. You can only register one GCash account for one phone card, which means you can only open one virtual card.

Q: Is there a limit on the balance in a GCash account?

The monthly amount for Partially Verified is 40,000 pesos, and the monthly amount for Fully Verified is 100,000 pesos. Each month refers to the natural month, and the amount will be calculated again on the 1st of each month.

Q: Can I receive a refund on GCash?

A: I used GCash to open a Netflix trial, and I was able to receive a refund when I linked it to the App Store. I used GCash's physical Mastercard to receive Booking rewards, but I waited two months before receiving them.

For more frequently asked questions, please visit the FAQ page on the official website.

References

  • 1. Alipay “education” in Southeast Asia: Sohu [cited on 2018-08-27T16:00:00.000Z]

<<:  What is Depop? Depop Review

>>:  What is Darfon Logistics? Darfon Logistics Review

Recommend

Amazon is charging extra fees again! Sellers’ order costs are rising

Yesterday, Amazon sent a group email to sellers, o...

What is the UK low tax rate? UK low tax rate review

The UK 's low tax rate is called a low tax rat...

U.S. e-commerce logistics performance strong in the first quarter of 2024

Recently, according to foreign media reports , Par...

What is Eyewa? Eyewa Review

Eyewa is a vertical e-commerce company specializin...

Awesome! Sales surged 140%. Do you sell these products?

According to foreign media reports, with the outbr...

China strikes back! Imposing tariffs on some US imports

On February 1, 2025, the US government announced a...

What is EasyYa? EasyYa Review

EasyYa is a service platform under EasyNet Innovat...

UPS cuts air network costs as demand for ground shipping services grows

UPS is cutting costs in its air network as more sh...

US crude oil futures collapsed! The first plunge in history was 305.97%!

Amazon announces $10 million investment to protec...

What is LifestyleMirror? LifestyleMirror Review

LifestyleMirror is a website that uses a network p...

What is Shopee? Shopee Review

Shopee is the largest e-commerce platform in South...

What is Wuyou Overseas Warehouse? Wuyou Overseas Warehouse Review

YoyoParcel is a comprehensive platform that provid...

What is the NARF Program? NARF Program Review

The NARF program is, in short, the European versio...

What is Polette? Polette Review

Polette was founded in 2011 and is committed to es...