Gcash platform gets upgrade

fInancial technology (fintech) player gcash has upgraded its online payment platform to a new system, which would allow it to handle higher volumes of users, increase security, and improve efficiencies in transactions.

called a+, the new platform was deployed in partnership with ant financial, which runs the world’s largest digital wallet alipay. the new system is a cloudbased technology that will ensure “a better and more seamless experience” for gcash users.

“by migrating gcash into the best-in-class platform of ant financial, we have successfully boosted our capacity to help accommodate the growing demand for digital financial services in the Philippines. this will provide our customers with a faster, better and more stable experience with the gcash app,” said gcash chief technology and operations officer Pebbles Sy.

there are three key benefits of a+, Sy explained, listing them as rapid scalability, improved service quality, and better risk and security management.

as a cloud-based platform, a+ allows gcash to expand its capacity. through the new platform, it can now serve more than 50 times its current capacity.

the platform employs New technologies that allow gcash to better understand its customers through the quick processing of data, making it more responsive to the growing and evolving demands of consumers.

It likewise added more layers of security and enhanced risk management capabilities, which allows it to have intelligent risk controls that utilize historical transactions for a more precise and quicker identification of risk.

“today, we are truly seeing a growth in demand and usage, as filipinos turn to cashless options to safeguard themselves from the pandemic. we at gcash believe that this migration will help us better serve our users and encourage more filipinos to go cashless. this move is only one of the many enhancements we plan on doing as we continuously improve our services.”