Globe and MasterCard empower Filipinos with payment innovations

CONSUMERS who have no access to banking or financial services can now enjoy fast and easy cashless transactions with the introduction of two innovative payment products from G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Globe Telecom: GCash MasterCard and GCash beep MasterCard.

GCash MasterCard is a prepaid and reloadable card which drives the mobile money revolution in the Philippines. It does not require users to have a bank account nor maintain a minimum balance.

The GCash MasterCard serves as an extension of a customer’s mobile wallet in which they could also use their cell phone number to do mobile money transactions like bills payment, sending money, buying airtime load, among others.

“The GCash MasterCard will help our fellow Filipinos enjoy a cashless spending lifestyle even if they cannot afford to open a bank account due to stringent application requirements. We believe that this service will continue to evolve as the Philippines makes a paradigm shift to cashless ecosystem driven by mobile payments,” said Xavier Marzan, president and CEO of GXI.

As confirmation of how this relevant product drives mobile revolution in the Philippines, GCash MasterCard bagged a Bronze Stevie Award for Best New Consumer Prod- uct or Service at the 12th Annual International Business Awards which is one of the world’s premier business awards program.

The Globe GCash MasterCard is a concrete example of how MasterCard is leveraging its extensive experience in providing consumers with fast, safe, and smart way to pay for everyday purchases. Together with GXI, MasterCard enables more Filipinos to enjoy the convenience of innovative payment products.

Aside from the GCash MasterCard, Globe Telecom also spares its commuting users the hassle of paying their MRT and LRT fares through its everyday all-in-one card – the GCash beep MasterCard.

With the new GCash beep MasterCard, more than a million Filipinos riding the Light Rail Transit (LRT) and Metro Rail Transit (MRT) daily can finally enjoy the combined convenience of paying for their MRT and LRT fares, as well as cashless shopping and bills payments. By making the GCash card beep ready, cardholders can load and pay for their MRT and LRT trips easily.

Globe GCash beep MasterCard is not only a reloadable contactless tap and go card for LRT/MRT passengers but is also accepted as a payment option in popular online shopping sites and in almost 33 million establishments worldwide which recognize the MasterCard brand.