Globe Telecom reaches a landmark partnership with Ericsson as it integrates its m-commerce service GCASH into the recently-launched Ericsson Money Services making Globe the Swedish technology giant’s first partner for this innovative end-to-end mobile money solution.
The partnership is expected to further improve and expand access to GCASH mobile money transfer services to more countries abroad. The Ericsson Money Interconnect Service is a platform that allows mobile money operators (MMO) and financial institutions around the world to send money instantly to a GCASH wallet.
“The Ericsson Money Services and its Money Interconnect Service makes it a lot faster and easier for telcos and financial institutions to connect to GCASH,” said Paolo Baltao, President of G-Xchange, Inc. (GXI), the mobile commerce subsidiary of Globe, “It also opens up GCASH to new corridors across the world and assures migrant workers of a better remittance service backed by one of the Philippines’ top corporations, Globe Telecom.
“Ericsson is proud to have this milestone partnership with Globe as they are our first partner not only in the Philippines but in the whole world as well,” said Semir Mahjoub, Head of Ericsson Money Services, “We’re excited to be working with GCASH on this service as they have been a staunch advocate for the use of mobile money, especially to spur economic growth in areas with little to no access to banks and other financial institutions. The partnership reinforces both companies’ visions of playing a significant role in building a global mobile money ecosystem.”
With the GCASH-Ericsson Money Services tie-up, the money sent from abroad is received on the GCASH wallet and can be easily cash out in over 9,000 accredited payout locations which include major partners like Villarica, Tambunting, Palawan and Prime Asia pawnshops, SM Department Stores, selected rural banks, and in over 9,000 ATMs nationwide.
