GCash, the country’s most widely used
financial app, is now available as a payment option at SM Markets, the
country’s leading food retailer and mother brand of SM Supermarket, SM
Hypermarket and Savemore Market.
With 48 million active users, the
largest financial app in the country will provide greater convenience for
millions of SM Markets customers in the greater Manila area and nearby
provinces.
“The new normal brought about a lot of
new and unique challenges Filipinos were only able to solve through digital
payments, and we are happy that leading institutions in the Philippines, like
the SM Group, were very quick to adapt to the needs of the country. We are
thrilled to partner with and enable digital payments for SM Markets”, said
Martha Sazon, President and CEO of GCash.
GCash is so huge in the Philippines it
has surpassed global social media and entertainment apps such as Instagram,
Viber and Netflix. GCash had 46 million users as of July 2021, accounting for
60 percent of all Filipinos over 15 years old.
GCash has 15 million logins and 10
million transactions per day and is expected to hit P3-trillion in gross
transactions this year, or three times its value in 2020.
SM Markets, the supermarket business of
SM, is “Happy to Serve” more communities around the country as it expands its
presence online.
SM Markets Online, via
https://smmarkets.ph/ is currently available in 70 branches in Metro Manila,
Cebu, Davao and key cities in Luzon and Visayas. It is targeting to be
available in 100 locations covering most of the key areas in the country by the
end of 2021. SM Markets is the mother brand of SM Supermarket, SM Hypermarket,
and Savemore Market.
“To serve our customers safely and
conveniently, we continue to innovate and broaden our digital presence to offer
more touchpoints for our customers and communities in synergy with our brick
and mortar stores. Our main focus is improving our service all the time to give
customers the best shopping experience,” SM Supermarket President JojoTagbo
said.
With an option for pick-up or delivery
and multiple payment options such as GCash, SM Markets Online is a one-stop
shopping platform for those who prefer to do their shopping online and want
value for their hard-earned money.
SM Markets Online showcases all basic
necessities as well as select premium or specialty items. The assortment ranges
from fresh meat, poultry, seafood, fruits and vegetables to canned goods,
bread, condiments, snacks, and beverages. One can also order for baby needs,
personal care items, household products, pet food, international favorites and
of course, the house brand SM Bonus.
The GCash payment
facility of SM Markets was designed and built by Paynamics Technologies, a
leading payment solutions provider.
“Paynamics solves the
payment acceptance and payout pain points of all businesses—from small, medium
to large enterprises, especially during this extraordinary pandemic that has
rendered some SMEs cash-strapped and inefficient in their operations,” said
Paynamics CEO Mylene Chua-Magleo. “Our promise has always been to deliver
secure, efficient and reliable electronic payment solutions.”
The turn-key, secure
ePayment solution of Paynamics connects multiple acquiring banks and financial
institutions to a vendor’s e-commerce portal.
###
About GCash
GCash (G-Xchange, Inc.) is the #1
Financial App in the Philippines. Through the GCash App, customers can easily
purchase prepaid airtime; pay bills at over 600 partner billers nationwide;
send and receive money anywhere in the Philippines, even to other bank
accounts; purchase from over 2.5M partner merchants and social sellers; and get
access to savings, credit, insurance and invest money all at the convenience of
their smartphones. GCash is a wholly-owned subsidiary of Mynt (Globe Fintech
Innovations, Inc.) since 2015.
GCash was recognized by The Asian
Banker (TAB) in 2021 for its outstanding digital financial inclusion programs
impacting more than 46 million Filipinos in the country today.
For more information, please contact:
Chito Maniago
Vice President, Corporate
Communications and Public Affairs
GCash
Email Address: corpcomm@mynt.xyz ¦
Facebook: http://www.facebook.com/gcashofficial
.jpg)
.jpg)
