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Wednesday, March 3, 2021

GCash launches QR on Demand, the newest way to transfer money

GCash launches QR on Demand, a new money transfer feature that allows for more security and convenience for its users, allowing them to send and receive money using their personal QR.


QR on Demand's Send via QR lets its users scan or upload another customer's QR code, so users are assured that they're sending money to the correct person. This also eliminates the process of having to enter a mobile number manually, making the process of sending money faster, and avoids money incorrectly sent to wrong numbers.

Receive via QR on the other hand allows customers to generate their own personal QR that can be scanned by other users or uploaded to the app to send money to. This is even more secure since it doesn't divulge a customer's GCash number publicly, and doesn't expire so other users can use the same QR code to send money multiple times. Fully verified GCash users can also assign a peso value to the code itself so that a certain amount will be auto-generated every time the code is scanned, assuring customers of exact payments for every transaction.

The GCash QR on Demand also protects users against the pandemic by literally keeping a safe distance. Last year alone, GCash was able to help over half a million sellers continue doing business by using GCash transactions online. 

"Gcash continues to innovate for better means of transferring money and better customer experience, while at the same time keeping Filipinos safer and more secure in this highly digital world," said Martha Sazon, President and CEO of GCash. "Aside from money transfers, the new QR on Demand feature can also be used by enterprising citizens in conducting informal businesses."

GCash pioneered the use of QR codes for payments in the country. In 2017, it launched the GCash QR feature which allowed users to scan a merchant's QR code and pay cashless. It worked by using the user's smartphone camera to scan a GCash Partner Merchant's QR code, and was deployed in major areas such as malls, and to even smaller vendor partners, such as sari-sari stores, fishball vendors, and sorbetes vendors. Learning from this previous feature are translated and combined with its Send Money service, ensuring for a fast and seamless customer experience.

GCash is one of the staunch supporter of cashless payments and fully support the the Bankgo Sentral ng Pilipinas' Digital Transportation Roadmap, where the agency aims to shift at least 50% of retail payment transactions to digital, and to have at least 70% of Filipinos have their own e-wallet by 2023.



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