GCash

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A Growing Payment Method in the Philippines

With 33 million users in 2020 (up from 20 million in 2019), GCash is used by one in three Filipinos. Clearly, GCash is a growing payment method in the Philippines. In fact, in 2020, GCash was the number one downloaded app in the country and facilitated 6 million transactions daily. GCash also works alongside more than 73,000 partner merchants.

Merchants can send personal QR codes to customers to receive payments or send secure links so that customers can pay via merchants’ websites. Contactless payments can also be made via QR codes in-store. GCash’s GForest feature allows users to earn points so that they can plant and grow real trees through the app. This environmentally friendly approach is attractive to many young users. With easy API integration via Citcon, and number-one market position in the Philippines, GCash can help merchants increase their global reach.

Citcon offers one simple integration for all mobile payments — including GCash and 100+ other mobile wallet providers, with free setup and easy onboarding.

FAQs

Is GCash Safe?

Yes, GCash is safe. In fact, thanks to tokenization, mobile wallet payments are among the most secure transactions. Read more about secure payment tokenization here.

Can I Use GCash for Business?

Yes, you can use GCash for business. In the online business realm, offering mobile payment methods can be an incentive for eCommerce shoppers to complete their checkouts without abandoning their carts. In the in-store business realm, consumer spending can be constrained by tight cash in the wallet. Removing that constraint and accepting mobile payments can encourage more spending in your store.

How Does GCash for Merchants Work?

Citcon’s versatile POS terminal helps merchants process GCash mobile payments over WiFi or 3G/4G networks. It’s as easy as entering the payment amount and scanning the customer’s mobile wallet. The important thing to keep in mind is that most GCash users execute these steps all the time. When they enter your store, this POS terminal represents to them comfort and payment security.

If you have a POS terminal already, Citcon can make it GCash ready with just one API call. For businesses that are strictly eCommerce or sell through an app, online payment integration is a breeze using our API. To start accepting GCash payments, call 1-888-254-4887 or email info@citcon.com today.

Sources: GCash, Globe, Gov.ph