With the recent events happening all over the globe brought about by the COVID-19 pandemic. Payment methods on some transactions has shifted as well. Instead of cash on delivery items, some used their credit cards / debit cards already. Now there’s new way to pay your online shopping, utility bills and bank transactions.
GCash was actually been around for quite a while, since
2004. It’s not that popular yet back then. But now with the encouraged contactless
payments, it became one of the leading market player in FinTech industry.
Here’s the summary of what it can do:
1. Scan to Pay.
A contactless way of paying with GCash’s partner merchants (Grocery stores, Convenience Stores, mall tenants and many more). All you need to do is have an internet in your phone, make sure to have available balance in your app and scan the QR code in store. No more coins and bills that you need to touch to and from the cashier. I love this when I do groceries. We all hate touching things these days, so better take advantage of that.
2. . Pay using GCash in your online shopping apps.
Just add GCash as your payment method and purchase online. Two of the leading shopping app – Shopee and Lazada is now accepting GCash as a payment method. It’s convenient and safe. No need for you to worry, even though it’s linked, they still ask for MPIN to pursue the transaction. There’s only one thing that I consider as downside of this, it’s tempting to buy stuff!
3. Skip the long lines in payment centers.
When I used GCash to pay my bills for the first time, I don’t see the relevance of payment centers anymore. I don’t know why there’s still long lines there, when they can pay their bills online anytime, anywhere. We do have lots of bills to pay, that’s hard enough. We don’t want the hardship to extend on long queues, commute, heat of the sun and system outages.
4. Branchless bank transactions.
When I started using GCash, I skipped the queues at the banks. If I have to pay someone in their bank accounts, I do it online using GCash. If I need to send money to anyone, it only take me 3 minutes to do it. I mean, you don’t really to go to the bank these days. Except for some big transactions of course, but most of the time? I don’t think so. With the use of Gcash, it’s all FREE, you can do money transfers faster.
5. Buy mobile load and get rebates.
I haven’t gone to store to buy load for many years now and YES, thanks to GCash. Going out to store to just buy a load, it’s so inconvenient. This is another way to go contactless. Plus, you save on some fees. Usually when you buy load at Php 20, you need to pay Php 23. With GCash, you eliminate that fee and you get to hae rebates. For Php 20, you get it for less. Talk about savings, right?
6. Higher interest rate with your savings account.
In partnership with CIMB, you can now get higher interest return for your savings deposit. Big banks like BDO, BPI and Metrobank, they usually give you less than 1% return for your deposits. With GCash and CIMB, you can get as high as 4% per year – money works for you. This is actually an equivalent to investing in some bond funds. Savings account has a limit though of Php 100,000 but here’s another thing to consider. If you save Php 100,000 with them, you’ll get a life insurance coverage of Php 1M. Just make sure to maintain that amount for a month and they’ll message you for the coverage for next month.
7. GCredit, get to have an online credit for your purchases and emergencies.
Here’s another product of GCash, you can now purchase on credit for your business or personal needs. GCredit can lend you up to Php 30,000 depending on your GScore. This goes with 5% monthly interest, way lower than “bumbays”. You can now maximize your margin with the credit they offer and it’s convenient to pay them too, just use their app and go to manage credit.
Summary
Using GCash is a way to go to adopt to this new normal. You’ll
be eliminating a lot of things that was not necessary anymore. You’ll save time
in going to and from payment centers, banks and malls just to pay your bills or
do your transactions. You’ll save money too from gas money, parking, transportation
and unnecessary eat out because you went to the mall or somewhere. This is way
too convenient not to do.
Use this code and enjoy Php 70 freebies. Just click on the link and register.
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