Gcash rolls out free fund trans­fer ser­vice

Sun Star Bacolod - - Business -

TO make fund trans­fers more con­ve­nient, Globe Gcash has fully rolled out its Gcash free fund trans­fer ser­vice in the Visayas.

Gcash is a vir­tual wal­let ser­vice that en­able users to eas­ily send and re­ceive cash, and is open to use for all mo­bile net­works.

Zoe Anne Ocampo, se­nior man­ager for Gcash Fund Trans­fer, said this will im­prove the an­ti­quated pa­per process and time-con­sum­ing fund trans­fer ser­vices in the coun­try.

“The re­al­ity is that we spend a lot of our pro­duc­tive time wait­ing. But Gcash brings the whole fi­nan­cial ser­vices to you through your mo­bile phone. If you want to de­posit on your bank ac­count, you do not need to line up any­more be­cause you can now do ev­ery­thing through the Gcash fund trans­fer fea­ture for free,” she said.

“It only take less than three min­utes to com­plete the trans­ac­tion,” she added.

Gcash fund trans­fer ser­vice al­lows one to trans­fer money for free from their Gcash ap­pli­ca­tion to any of the more than 30 Gcash-sup­ported banks na­tion­wide. It can be used for pay­ing rental fees, bills and pay­ments for on­line pur­chases.

To use this fea­ture, cus­tomers need a smart phone, funds in their Gcash ac­count and their bank de­tails. One has to log-in to the Gcash app, choose bank trans­fer, choose pre­ferred bank, en­ter the amount and bank de­tails, con­firm, and wait for the con­fir­ma­tion mes­sage.

Among the more than 30 banks sup­ported by Gcash are the Bank of the Philip­pine Is­lands, Banco de Oro, Union­bank, Land­bank of the Philip­pines and China Bank­ing Corp.

Ocampo high­lighted that aside from be­ing easy to use, the fund trans­fer ser­vice pro­vides users with real time ex­pe­ri­ence.

“With Gcash, it’s in­stantly cred­ited to your re­cip­i­ent bank ac­count.” Ocampo ex­plained.

She also as­sured that trans­ac­tions through Gcash fund trans­fer are safe and re­li­able, even if it’s for free.

“From a user’s per­spec­tive, Gcash uti­lizes a four-digit mo­bile per­sonal iden­ti­fi­ca­tion num­ber. It’s like your pass­word when us­ing the app to make sure that the trans­ac­tion is only per­formed by them. An­other way is that when you per­form cash-in trans­ac­tion, from a bank to Gcash, we im­ple­ment a one-time pass­word to se­cure the trans­ac­tion,” she said.

The ser­vice al­lows for trans­fers any­where in the coun­try, pro­vided there is data con­nec­tiv­ity./ Sun­star Cebu

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