Skip to content

GCash and Qwikwire Want To Work Together To Bring The Payment Process Into The Digital Age

by Yahoo! News

GCash and Qwikwire partner to innovate real estate industry in Philippines

In the Philippines, there has been a boom in the real estate industry over the last 5 years, but the problem is that people still pay their real estate dues through the traditional Post-dated checks (PDCs), Bank Deposits and over the counter payments directly to property developers or to their brokers.

The time-consuming methods also impose risks of fraud because of the lack of security in the payment.

With GCash, users can leverage on a mobile money service from the smartphones. The partnership has brought aboard clients of property developers — including DMCI, Century Properties, Double Dragon, Revolution Precrafted and more.

“In the next 2-3 years, I firmly believe that there will be a significant change in how we do payments here in the Philippines. In the same way that most Filipinos skipped having a landline in their households and went straight to owning mobile phones, I think we can go from a society where most doesn’t have a bank account to turn their smartphones into a mobile wallet,” said Ray Refundo, CEO of Qwikwire.

The partnership will also let transactions from Qwikwire’s clients to be handled and processed by GCash. For the first month, the facility is available only for association dues but later will be adding with the handling of reservation fees and payments for the monthly repayment process of the loan principal.

GCash is owned by corporate giants Globa, Ant Financial, and Ayala Corp. Qwikwire is a Philippines-based cross-border billing and invoicing startup for enterprises. Back in February last year, it secured funding from local VC firm First Asia Venture Capital and incubator Cerebro Labs.

A signing ceremony was held at the Mynt office in Taguig last December 6, 2018 with Mynt’s VP of Merchant Solutions, JM Ajuero, and Head for Online Acquisition, Ferdie Perez, and Ray Refundo, CEO of Qwikwire, along with the rest of the Qwikwire team to officially launch the partnership.

The post GCash and Qwikwire partner to innovate real estate industry in Philippines appeared first on e27.

No comment yet, add your voice below!


Add a Comment

Your email address will not be published. Required fields are marked *

DISCOVER MORE

Top Collector Robbie Antonio’s Family Has Substantial Business Ties to Donald Trump

by Art World They are partners on a $150 million tower in Manila. As the businessman prepares to step into the role of president, a lengthy New
Read More >>

Bigger than ever, the 43rd edition of FIAC explores utopias and displacement

BY ROOKSANA HOSSENALLY, Wallpaper* Paris’ International Contemporary Art Fair (FIAC) usually revolves around the gigantic Grand Palais museum with satellite events across the city. This year,
Read More >>

artnet News Top 200 Art Collectors Worldwide for 2015, Part One

We did the research to bring you the names you need to know. by Artnet News Today’s world is ever more globalized and increasingly interconnected—and
Read More >>

Robbie Antonio prepares a very exclusive dinner for Martha Stewart

By Bilyonaryo.com Lifestyle icon Martha Stewart is experiencing the oh, so rich Filipino hospitality. Real estate mogul Robert Antonio has made sure—above and beyond—that Martha
Read More >>