GCash, a finance app, introduced a new payment card in partnership with Visa, a digital payments processing company. Any fully verified user can now order their own GCash Card powered by Visa through the app, without additional documents or approvals.
“GCash is giving every Filipino, whoever or wherever they are, the benefits of owning a card, especially those with no bank accounts or documents typically required to apply for a card,” said Ren-Ren Reyes, president and CEO of G-Xchange, the mobile wallet operator of GCash. “These include Filipinos with informal sources of income like freelancers and independent professionals as well as micro and small enterprises.”
With the new GCash Card, more consumers can have access to another cashless payment option which they can use for their everyday expenses. The GCash Card can be used by customers to shop securely online on their favorite websites and apps. They can also use the card in physical retail stores simply by tapping or inserting the card in terminals.
“The new card powered by Visa unlocks more payment options for GCash users as they can use it at over 100 million merchants in the Philippines and across the world,” Reyes said.
The launch of GCash Card’s aims to provide more users with more benefits similar to those enjoyed by those with bank accounts, such as quick ATM withdrawals locally and abroad.
Powered by Visa’s global reach, the card can also be used for payments overseas in over 200 countries and territories, at over 100 million merchants.
“The GCash Card paves the way to better financial inclusion,” said Jeff Navarro, country manager, Visa, for the Philippines and Guam. “With the card’s contactless capability, it enables Filipino shoppers, especially those who don’t usually pay with cards, to shop conveniently and securely, joining millions around the world who have been tapping to shop, dine, and travel.”
Users who have availed of the GCash Card will also have access to GInsure, where they can get free insurance of up to P20,000 coverage for the first 30 days after activation. This also includes the P185 price for card replacement in the event of accidental loss or damage to the card, as well as the shipping fee of up to P225.
To order, users can open their GCash app, go to ”View all”, and find the “Manage” section. Click on “Cards” and tap “Order a GCash Card.”