GCASH, operated by Globe Fintech Innovations Inc. (Mynt), has expanded its existing partnership with Puregold Price Club Inc. to introduce the first barcode-based mobile payments solution in the Philippines.
With GCash Scan to Pay (STP) via Barcode, customers of Puregold may now pay their groceries using a barcode generated in the GCash application.
Users simply have to scan their mobile barcodes upon check out, streamlining the payments process further.
“Puregold is the first national supermarket chain to accept mobile payments via GCash, and it continues to be a strong partner in our work of building a cashless ecosystem that will lead to a more financially inclusive Philippines,” Mynt President Anthony Thomas said.
The STP via barcode eliminates the merchant need for a QR key card or the handset that will receive the GCash reference number as proof of transaction, streamlining the payment system. Customers also no longer need to input the amount due for payment in their GCash app, because it will be automatically deducted from their account.
“This is the first time such barcode scanning payment system will be used in the Philippines, and we are proud to be GCash’s partner merchant for this. This aligns with our vision to be the most customer-oriented hypermart that offers one-top shopping convenience and the best value to Filipinos,” Puregold President Ferdinand Vincent Co said.
Today, Puregold has 367 stores nationwide accepting GCash’s STP and offering cash in to the app.
“We are constantly looking for ways to make financial transactions easier and more convenient for people. With this STP via barcode system we are introducing with Puregold, we hope to encourage more Filipinos to go cashless,” Thomas said.
GCash currently has 20 million users with over 75,000 partner merchants across the Philippines.