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GCash, RCBC partner to widen reach of mobile financial services in the country

G-Xchange Inc. (GXI), a wholly-owned subsidiary of Globe Telecom, and Rizal Commercial Banking Corporation (RCBC) recently signed a partnership agreement that would widen customer reach for convenient and secure mobile banking services in the country.

The collaboration between GXI and RCBC will provide mobile money services to both GCash and RCBC account holders, allowing for safe, secure and hassle-free fund transfers using their mobile phones anytime, anywhere. The alliance is in line with Globe Telecom and RCBC’s shared commitment of enabling the digital lifestyle of its customers with easy access to mobile services. With this partnership, GCash will provide additional mobile accessibility to RCBC MyWallet customers which cater to the unbanked Filipino market. Likewise, GCash subscribers can benefit from additional mobile Cash-in options.

Customers of RCBC will now be able to transfer funds to their GCash account through mobile phones which allows them to use GCash services like buying prepaid load, send and receive funds from another GCash account holder and more.

“Mobile payments and transactions are a great opportunity for emerging economies like the Philippines to spur business growth. We are confident that our strategic partnership with RCBC would further promote mobile money transactions as local economic growth continues to gain traction,” GXI President and CEO Xavier Marzan said. “As the leading provider of digital services in the country, Globe hopes to provide a suitable means for our customers to complete their digital lifestyle and make their experience more wonderful,” Marzan added.

Also, Edgar Villanueva, EVP and Head of RCBC’s Global Transaction Banking Group shared, “”Putting mobility first for financial transactions is one of the biggest steps a monetary system can make for financial inclusion. We welcome this alliance with GCash, as we mutually promote secure grassroots financial development. By putting together the RCBC MyWallet and RCBC AccessOne with GCash we aim, by opening this channel, to make available a full suite of services at the least possible cost for the unbanked Filipino anytime, anywhere.”

With the partnership, both RCBC and GCash account holders would be able to perform various financial services through the convenience provided by their mobile devices. Account holders simply have to dial *119# to register to avail of various mobile banking services that include balance inquiry, GCash transfer to RCBC account, RCBC fund transfer to GCash, as well as prepaid load purchase.

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