The Philippines’ leading mobile payment app, Gcash, has introduced two game-changing products – Gcash PocketPay, which allows merchants to accept card payments seamlessly, and Gcash Virtual account, which enables freelancers to receive salaries directly into their e-wallet accounts at no additional cost.
Helping MSMEs grow their businesses through card payments
Msmes are restricted to Cash only and miss out on additional purchases from credit cards. With the launch of PocketPay, Micro, Small and Medium Enterprises (MSMEs) can now grow their business by accepting card payments directly from their Android smartphone.
The tap-to-pay functionality is chosen especially for mobile merchants, delivery-based merchants, and pop-up merchants who operate outside of traditional sales channels. It allows businesses to meet customer demand for card payments without investing in expensive hardware. The feature is available with zero payments until December 3, 2025, and can be used through the Gcash Business Portal.
“Gcash PocketPay makes accepting card payments available to all MSMEs. It is an easy-to-use and reliable business solution that meets their needs wherever they are,” said Gcash for Business Head Jong Layeg.
Apart from the MSME initiatives, GCash has also launched targeting customers in the United States.
Better home pay for Filipino workers earning USD
Gcash also addresses the persistent pain point of hard-working Filipinos who often lose part of their money to expensive currency, reducing their home payments and delaying access to the money they rely on for daily expenses.
Gcash Virtual US account, powered by Global Payments Network Meridian1Promises reduced platform fees and Forex costs, allowing gig workers to have more income from home. In addition, the GCash Virtual US account eliminates high fees and hidden charges.
Fully verified Gcash users are eligible for account opening. They can transfer money to different payment platforms, payment platforms, and marketplaces like PayPal, Pathoneer, gusto, deel, deel, upwork, upwork, Freelancer.comFiverr, too Onlinesongsb.ph.
This factor is seen to increase the rising power of dollars in the country from the US, which is the top source of forgiveness for the Philippines. According to the Bangko Sentral Nngg Pilipinas, about 40% of the remittances from January to August this year came from the US.
“With the GCash Virtual US account, we empower Filipino freelancers to take full control of their hard-earned income, allowing them to maximize their every peso,” said Gcash General Manager for International Paul Albano.
By using Gcash PocketPay and Gcash Virtual Us Account, Gcash reinforces its mission to enable both MSMEs and freelancers with the acceptance of small cards for small businesses or fast, low-cost payments, paid for the border of GIG Workers.
1Gcash Virtual US accounts are issued and maintained by Meridian paid US under a “for profit” arrangement. These are not bank accounts and do not qualify as deposits; Therefore, they are not covered by any deposit insurance schemes.
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