GCash to charge fees for cash-ins via bank partners | Lorenz S. Marasigan

Financial technology services provider GCash said on Tuesday it will start charging a subsidized convenience fee for cash-in transactions made via two banking partners.

“The P5 convenience fee is only one-fifth of what is normally charged by other financial institutions. As GCash continues to scale, we still subsidize most of the charges as well as heavily invest in upgrading our infrastructure and reinforcing security services,” Sazon said. “This also ensures that our operations will remain seamless for all customers,” Sazon said. “Even with this fee, we will continue to subsidize part of the operating cost for cash-ins as we remain committed to keeping our services accessible to many Filipinos.”“For example, you can cash in P10,000 rather than cashing in P500 every time. So plan your cash-in so you don’t feel the P5 charge as much.”

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ecom Thrive teams up with Vietnam group to promote ethical e-commerceEcom Thrive Asia Philippines teamed up with the largest financial technology and e-commerce organization in Vietnam to establish a self-regulatory
Source: MlaStandard - 🏆 20. / 55 Read more »

LMG owners end talks to sell P402-m stake to MaxwealthLMG Corp. said its major shareholders terminated talks to sell a controlling stake in the company to financial technology firm
Source: MlaStandard - 🏆 20. / 55 Read more »