GCash, the leading mobile wallet service in the Philippines continues to provide business solutions for businesses, from micro, small and medium enterprises (MSMEs), BPOs, and conglomerates, to government agencies, and Local Government Units (LGU) with GCash PowerPay+.
GCash PowerPay+ offers a safe and secure online dashboard that provides digital salary disbursements accessible anytime, anywhere. Delivery of service is quick that fund transfers to employees can happen within seconds. Incentives, commissions, and allowances are directly credited on employees' GCash accounts and are withdrawable by availing the optional “GCash Mastercard”. What is good about this is unlike financial institutions, it does not require an average daily balance & maintaining balance for both the company and employees.
Its design is very convenient for scheduled or recurring payouts with a customizable platform that includes multi-level approvals. Monitoring of transactions is also made easy for all disbursements that are digitally documented and are stored in secure servers and with support made available by GCash’s dedicated account managers give additional convenience.
Since businesses and government sectors need to ensure that benefits and entitlements should be rightly given to its beneficiaries on time without mistake or anomalies. GCash PowerPay+ is purposely made as a financial technology to help solve the old-age problem where the distribution of funds takes a lot of time and energy given the sheer volume of money and assistance involved.
Currently, GCash PowerPay+ is already being used by over 1000 businesses nationwide, including MSMEs, BPOs, and Local Gov’t Units (LGUs) such as Makati.
Ayala Corp., the oldest and largest conglomerates in the Philippines is one of the companies that adopted the GCASH PowerPay+. Jaime Augusto Zobel de Ayala, chair and CEO, stated during their Stockholders’ Meeting that going to digitization is the key to propelling the company into the future.
The good news is government sectors are also shifting to cashless transactions with GCash.
The local government unit of Makati City introduced the Makatizen Card, where in partnership with Globe, GCash, and iBayad, it functions as an ATM card.
During the COVID-19 global pandemic, many Filipinos are counting on the government for financial help. This is where its Social Amelioration Program (SAP) comes in. Under SAP, beneficiaries will get emergency subsidies worth between PHP5,000 and PHP8,000. And Makati used its Makatizen Card to digitally distribute relief funds to thousands of registered Makati residents via GCash PowerPay+. Makati is said to have distributed a total of P558.30 million SAP assistance to families. Imagine having to distribute that large amount of money manually and physically. It would have taken so much time and manpower to be assigned to every stage of distribution.
The Department of Social Welfare and Development (DSWD) has also tapped GCash PowerPay+ to streamline the distribution of emergency cash aid through the “ReliefAgad” program to millions of Filipino households affected by the community quarantine. This is to eliminate crowding and mass gatherings during cash distribution. And accordingly, they will also be using GCash PowerPay+ service in delivering the second tranche of emergency cash aid.
As we are placed under the more relaxed general community quarantine (GCQ) taxi operators and transport network companies are now allowed to resume operations. The Department of Transportation (DoTr) together with Land Transportation Franchising and Regulatory Board (LTFRB) is partnering with GCash for digital payments to prevent the spread of the COVID-19 virus.
Having GCash as a digital financial portal greatly helps Filipinos in adapting to the “new normal” by lessening if not eliminate the need to line up to payment centers to pay for utility bills including credit card bills by using GCash Pay Bills.
Person-to-person contact is also reduced to a minimum as online and offline purchases can also be made through GCash by using GCash QR, GCash Mastercard, or GCash Send Money, among other various GCash services.
Another convenient service is the GCash Express Send where sending of money from one GCash user to another GCash user is also possible and it is free of charge. You can send much-needed money to anyone anywhere in the Philippines as long as they have a GCash account.
Bank transaction is also made easy by GCash with its Send to Bank option where quick money transfer from your GCash account to a nominated bank account (over 40 partner banks) can be made for free. No need to physically go to the bank to manually deposits, for with GCash you can send money to bank accounts at the comfort of your homes with just a few taps on the app. If you are worried that your bank data may be encrypted worry no more because GCash is a verified member of BSP’s “InstaPay” network.
GCash truly is the Filipinos’ partner not only in fighting Covid-19 but also in your everyday financial transactions you can feel safe and secure in the comfort of your own home
To know more about GCash PowerPay+ you can visit their website at https://www.GCash.com/business-solutions and set an appointment now.