Cashless GCash payment system to roll out at Ayala Malls, Alibaba Founder Jack Ma attends launch

The GCash payment system allows customers without credit cards or bank accounts to enjoy cashless transactions via the GCash mobile app, which is available for free on iOS and Android. This cost-effective and safe cashless payment option benefits both consumers (who just need a phone with the app to scan QR codes displayed by merchants, and pay with the exact amount) and merchants (who don’ t need to install expensive machines as they will be provided a QR code sticker, also no need to prepare change). The GCash payment system will be rolled out at Ayala Malls. Alibaba Founder and Executive Chairman Jack Ma attended the GCash Scan to Pay event at Glorietta 4, and even made cashless purchases demonstrating the convenience of the app-enabled transaction.

Install the GCash app on your iOS or Android smartphone and use it to scan the QR code at GCash-enabled merchant stores for transactions without the use of either cash or card.

A joint venture of Ant Financial, Globe Telecom, and Ayala Corporation will implement the Gcash payment at Ayala Malls. Glorietta is the first Ayala Mall to offer GCash payment in its shops, restaurants, and cinemas. The GCash roll out will soon reach other Ayala Malls, including Greenbelt, TriNoma, Market! Market!, Alabang Town Center, Ayala Center Cebu, Bonifacio High Street, UP Town Center, Ayala Malls The 30th, Ayala Malls Vertis North, and Ayala Malls South Park.

Alibaba Group Chairman Jack Ma (left) makes a cashless GCash transaction (he buys taho). He is assisted by Globe CEO Ernest Cu, who holds the QR code for scanning. Glorietta 4 is the first Ayala Mall to feature shops and vendors that accept GCash payments.

“Now that more people are using data on their smartphones, the time is ripe to enable digital payments using the smartphone and let this go mainstream,” said Globe President and CEO Ernest Cu. “Our challenge today is to make digital payments the preferred choice among our customers instead of cash or credit cards.”

GCash is a wallet service of Mynt and can be used to buy load, pay bills, send money, and pay for goods and services online and offline.The GCash solution is intended not just for organized trade but for ambulant vendors as well.

Alibaba Founder and Executive Chairman Jack Ma (center, left) joins GCat, the GCash Mascot as it shows a sample of the QR code that is set to change the landscape of payments in the country. Together with him are (from L-R): Mynt President and CEO Anthony Thomas, Globe President and CEO Ernest Cu, Ant Financial Services Group CEO Eric Jing, Ayala Corporation President and COO Fernando Zobel de Ayala, Ayala Land President and CEO Bobby Dy, and Ant Financial SVP and Head of International Operations Douglas Feagin.

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Irwin Allen Rivera loves his wife's cooking so much he's now twice the man he used to be. His English essay won a Don Carlos Palanca Memorial Award for Literature in 2012. His philosophical-horror story appeared in Philippine Speculative Fiction 8 (2013). He was managing editor and lead writer of Sites and Symbols 2 (2005), a coffee-table book about buildings in UP Diliman - his alma mater (BA Philosophy; MA Creative Writing continuing). He worked at the UP Diliman Information Office before shifting to web content writing. His sudden fiction, "Notwithstanding Pigs," initially a Friendster testimonial, appeared in Philippines Graphic (2006) and in Very Short Stories for Harried Readers (2007). He used to write for