MANILA, Philippines - Globe Telecom, through its mobile commerce subsidiary G-Xchange Inc. (GXI), recently launched a first in the industry – a salary disbursement service linked to the mobile wallet and comes with insurance coverage.
The new GCash PowerPay+ enables employees to receive their salaries on their mobile phones and withdraw from any of the 9,000 ATMs all over the country using the PowerPay+ ATM Card or cash out their money at any of the 6,000 GCash outlets nationwide.
“We strive to enhance the traditional way of disbursing salaries with value-added features, most especially for small and medium-scale businesses. GCash PowerPay+ supports companies not only in the efficient and convenient fulfillment of salary payouts but also in giving financial security to its employees. With GCash PowerPay+, we address challenges in disbursing payroll and at the same time, engage employees more with insurance benefits relevant to them and their families,” GXI president Paolo Baltao said.
The GCash PowerPay+ insurance bundle includes life, accidental death, burial assistance, ATM theft and residential fire coverage.
“ACE Philippines is delighted to become a part of another innovative, market first mobile wallet service facility through GCash PowerPay+. Being a strategic partner of G-Xchange Inc., we are committed to provide the best possible service and insurance coverage in the market today. Now, employees under PowerPay+ have an array of protection benefits embedded as a unique value-added feature,” ACE Insurance country president Daniel T. Daly, for his part, explained.
ACE in the Philippines is a member of the ACE Group of Companies, a global leader in insurance and reinsurance serving a diverse group of clients. Operating in the country for more than 60 years, ACE delivers specialized and customized coverages for casualty, marine, financial lines, property and accident and health.
PowerPay+ is a payroll service with no maintaining balance required from the company. In addition, every PowerPay+ ATM card is linked to a Globe SIM registered to GCash that gives employees access to mobile money services. Employees can now do money transfers, purchase Globe or TM airtime load at a discount, and pay bills at the speed of a text message without the need to cash-in to their GCash accounts.