Philippines – Finance super app GCash has teamed up with global technology company Mastercard to introduce a contactless payment solution. With the aim of enhancing digital payments in the Philippines, the newly-launched Tap n’ Pay makes transactions faster and more convenient.
The collaboration combines GCash’s accessibility with Mastercard’s comprehensive payments network. Tap n’ Pay makes transactions seamless and secure for both merchants and users.
Through Tap n’ Pay, users can make a purchase by tapping their NFC-enabled Android phones on a compatible point-of-sale accepting card payments. It allows users to make contactless purchases via the GCash app with one tap, where Mastercard is accepted.
For uninterrupted transactions, Tap n’ Pay users need to have a stable internet or cellular data connection. It is available for local transactions, with GCash and Mastercard planning to expand its availability internationally.
GCash’s partner for digital payments, OpenFabric, manages the transaction gateway between GCash and Mastercard merchants.
“This collaboration further solidifies our commitment to offering Filipinos convenient and secure cashless payment solutions, making everyday transactions easier and more seamless,” Ren-Ren Reyes, president and CEO of G-XChange, Inc., said.
Simon Calasanz, country manager, Philippines at Mastercard, commented, “Mastercard is thrilled to collaborate with GCash, powering Tap n’ Pay with NFC technology to introduce a new avenue for contactless digital payments in the Philippines. The collaboration advances Mastercard’s commitment to providing greater choice for cardholders and enabling a more frictionless payment experience. Now, all GCash Wallet app users can simply activate Tap n’ Pay in their GCash app and pay by just tapping their phones wherever Mastercard is accepted — making transactions faster, easier, and secure.”
