Third-party Payment in Philippines: GCash Native Channel
Mobile payment is rapidly rising in the Philippines, becoming an indispensable part of people's daily lives. Among them, GCash, as a native payment tool for local channels in the Philippines, is very popular. Let's take a deep dive into the features, advantages of GCash, and how it can be applied in business scenarios.
June 26, 2024 12:51
Mobile payment is rapidly rising in the Philippines, becoming an indispensable part of people's daily lives. Among them, GCash, as a native payment tool for local channels in the Philippines, is very popular. Let's take a deep dive into the features, advantages of GCash, and how it can be applied in business scenarios.
Introduction to GCash
GCash is a mobile-based e-wallet launched by Globe Telecom, a leading company in the Philippines.
Native Direct Connection: GCash provides a native direct payment channel, ensuring efficient and secure transactions.
Multi-mode Support: It supports native OTP (One-Time Password) and New Web Pay channels, catering to different user payment needs.
Advantages
100% Success Rate: The GCash channel boasts a very high success rate, ensuring smooth transaction completion for merchants.
Reasonable Fees: With a collection fee of 4.5% and a payment fee of 20p, it is suitable for various types of businesses.
Fast Transfer: Native Instapay ensures second-level transfer time, with a callback time of only 5-10 seconds.
24/7 Service: GCash offers round-the-clock collection and payment services, ensuring merchants can process transactions anytime.
Judicial & Risk Control Excluded: The GCash channel avoids judicial issues while providing risk control guarantees.
Summary
The GCash native channel holds tremendous potential in the Philippine payment sector. Businesses can fully utilize its high success rate, fast transfer, and 24/7 service to enhance user experience and drive business growth.
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