In response to the call of the Bangko Sentral ng Pilipinas (BSP) for the digitalization of payments for safer and more efficient transactions, SM Supermalls, has partnered with GCash, the country’s no. 1 financial app, to enable GCash QR payments across all SM malls nationwide, including supermarkets, food and retail merchants as well as services such as cinema and parking, among others.
Through this partnership, GCash scan-to-pay transactions via fast and efficient QR payment options are now available across SM malls.
“Shopping for food and essentials and other items in the new normal has changed for many. More than ever, customers value safety, efficiency, and convenience. This is what GCash aims to provide Filipinos through our valued partnership with SM in line with our vision of financial inclusion for all. We are excited to collaborate with SM to offer a safe shopping experience to millions of Filipinos nationwide,” said Martha Sazon, GCash president and CEO.
Since 2019, GCash has been in partnership with SM to make customers’ shopping experience and transactions safer, faster, and easier with cash in, cash out, and scan-to-pay options. They had also previously enabled scan-to-pay options via static QR codes and terminals, which are still available for customers to choose from.
With its partnership with GCash, SM has also proven itself a strong proponent of a more cash-lite society highlighted by the National Strategy on Financial Inclusion of the Bangko Sentral ng Pilipinas.
To date, 8 out of 10 stores in SM Supermalls nationwide are already accepting various forms of cashless payments, including QRPh and contactless cards for in-store and webpay for SM Malls Online with merchants such as food, retail and supermarkets now accepting digital payments via GCash. Other mall services including parking, ice skating, cinema ticket booths, and other activities can now be paid cashless via GCash.
For more convenient and affordable shopping, GCash users can also use GCredit and GGives, which are both available on the GCash app. GCredit offers a credit line for up to P30,000 with zero annual fees. All you need is 1 valid ID and be at least 21 years old. GGives is an installment payment option for up to 24 months for items priced up to P125,000 with an interest as low as 0%.
Not yet on GCash? The GCash app is available for free on the Google Play Store, App Store, and Huawei AppGallery.
For more information, visit www.gcash.com.
About GCash
GCash (G-Xchange, Inc.) is the #1 Finance App in the Philippines. Through the GCash App, 69M registered users can easily purchase prepaid airtime; pay bills at over 1,600 partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 5.2M partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash is a wholly-owned subsidiary of Mynt (Globe Fintech Innovations, Inc.), the first and only duacorn in the Philippines.
GCash was
recognized by The Asian Banker (TAB) and by the IDC in 2021 for its outstanding
digital financial inclusion programs.
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