What is Cash App Pay? Cash App Pay Review, Features

Cash App Pay is the number one e-wallet in the Philippines.

About Cash App Pay

Ccash is an e-wallet under the Philippine telecommunications company Globe, and is also supported by Ant Financial, especially in terms of payment technology. At the beginning of the cooperation, Alipay sent a team of more than 30 people to empower GCash, bringing many complete technologies and rich experience including Ant Data Platform, Alibaba Cloud's underlying infrastructure, Alipay's security, and risk control models. Even Jack Ma personally went to the Philippines to promote Gcash, downloading Gcash and scanning merchant QR codes to demonstrate the convenience of payment. In early 2021, GCash, an e-wallet known as the Philippine version of "Alipay", raised more than US$175 million from Bow Wave Capital Management, a private equity fund in New York. After the financing, Gcash's valuation exceeded US$1 billion, making it a unicorn company in the payment industry.

Features of Cash App Pay

1. Bill payment: Gcash includes daily mobile phone recharges, utility bills, credit cards, government bill payments, and some school tuition bills can also be paid through Gcash.

2. P2P lending: GCash small loan function. As a country with the habit of pre-consumption, more than 80% of Filipino adults have borrowed money, and 47% of them are called serial borrowers. P2P is very important to many people in the Philippines. Transfer business: Allow users to transfer money, whether to the same bank or across banks, free of charge, and does not require customers to hold a minimum balance in their accounts.

3. Merchant payment: It is widely connected to online shopping systems such as LAZADA in the Philippines and online ticket ordering, and is also widely used offline. Tens of thousands of merchants have connected to GCash for payment, and it supports the "one code, two scans" of GCash and Alipay. Payroll payment: GCash also assists companies in providing payroll payment solutions to easily manage corporate expenditures. The scope of services includes salary payment, performance incentives, position allowances, etc.　　

4. Registered GCash users can also apply for Gcredit cards, MasterCards and American Express cards (virtual cards), and can also directly connect to PayPal through their accounts, allowing for quick and easy access to funds in PayPal. Through GCASH American Express virtual payment, customers can purchase electronic goods and services on international websites.