By Azer N. Parrocha
MANILA, April 8 (PNA) — Globe Telecom Inc.’s (Globe) wholly-owned subsidiary, G-Xchange Inc. (GXI) and Rizal Commercial Banking Corp. (RCBC) have sealed a deal to expand customer reach for convenient and secure mobile banking services in the country.
Globe, in a statement, said Wednesday that the collaboration between GXI and RCBC would provide mobile money services to both GCash and RCBC account holders, allowing for safe, secure and hassle-free fund transfers using their mobile phones.
Account holders of both companies would be able to perform various financial services through the convenience provided by their mobile devices.
They simply have to dial *119# to register to avail of various mobile banking services that include balance inquiry, GCash transfer to RCBC account, RCBC fund transfer to GCash, as well as prepaid load purchase.
Through the partnership, GCash will provide additional mobile accessibility to RCBC MyWallet customers which cater to the unbanked Filipino market while GCash subscribers can benefit from additional mobile Cash-in options.
Customers of RCBC will now be able to transfer funds to their GCash account through mobile phones which allows them to use GCash services such as buying prepaid load.
GXI President and CEO Xavier Marzan expressed confidence that Globe’s partnership with RCBC would further promote mobile money transaction.
“Mobile payments and transactions are a great opportunity for emerging economies like the Philippines to spur business growth,” Marzan said.
“As the leading provider of digital services in the country, Globe hopes to provide a suitable means for our customers to complete their digital lifestyle and make their experience more wonderful,” he said.
EVP and Head of RCBC’s Global Transaction Banking Group Edgar Villanueva for his part welcomed the alliance with GCash.
“As we mutually promote secure grassroots financial development. By putting together the RCBC MyWallet and RCBC AccessOne with GCash we aim, by opening this channel, to make available a full suite of services at the least possible cost for the unbanked Filipino anytime, anywhere,” Villanueva said.
“Putting mobility first for financial transactions is one of the biggest steps a monetary system can make for financial inclusion,” he said. (PNA)