G-Cash partners with Bayad Center

MANILA, Philippines - G-Xchange Inc. (GXI), a wholly-owned subsidiary of Globe Telecom that operates the telco’s flagship mobile commerce product GCash, recently partnered with Corporate Information Solutions (CIS) Bayad Center  Inc., a leading outsourced payment collection company to further expand its reach to bring mobile money services to more Filipinos nationwide.

Leveraging on Bayad Center’s wide network and customer reach as a one-stop services center, GCash cash-in, cash-out and remittance services would now be available in Bayad Center branches nationwide, making them more accessible among GCash customers.

“Cash-in” is the term used for putting in money into a GCash wallet, while “cash-out” refers to GCash “withdrawals,” or conversion of cash loads into regular money.

“We are excited to bring GCash closer to more mobile phone owners via our partnership with Bayad Center. With its extensive coverage in the country, we are looking forward to further increasing our customer base so that more users can enjoy safe, secure, and hassle-free mobile money transactions that GCash offers, enjoying utmost ease in transferring money to and from their GCash accounts,” said G-Xchange Inc. CEO Xavier Marzan.

He added that, “Bayad Center boosts the current roster of GCash outlets, which would help us provide more accessible and convenient ways for our customers to transact at any of the accredited Bayad Center branches nationwide.”

Meanwhile, Bayad Center president and CEO Manuel Tuason said that the collaboration with GCash would provide more convenience to the transacting public, particularly benefiting the Bayad Center customers who would have additional touch points to send and remit money nationwide. According to Tuazon, almost half of their customers, who are remittance beneficiaries, would find GCash a welcome alternative to send and receive their money.

The partnership makes Bayad Center one of over 7,000 accredited GCash outlets nationwide. GCash customers could be able to perform cash-in and cash-out transactions by simply going to any Globe store or authorized GCash partners. Cashing-in to a GCash wallet is free, while cashing-out has a minimal P20 service fee for every amount in excess of P1,000.