Globe Telecom, through its mobile commerce subsidiary G-Xchange, Inc. (GXI), has recently launched a first in the industry—a salary disbursement service that is linked to the leading mobile wallet in the Philippines and comes with insurance coverage.
The new GCASH PowerPay+ enables employees to receive their salaries on their mobile phones and withdraw from any of the 9,000 ATMs all over the country using the PowerPay+ ATM Card or cash out their money at any of the 6,000 GCASH outlets nationwide.
“We strive to enhance the traditional way of disbursing salaries with value-added features, most especially for small and medium-scale businesses. GCASH PowerPay+ supports companies not only in the efficient and convenient fulfillment of salary payouts but also in giving financial security to its employees. With GCASH PowerPay+, we address challenges in disbursing payroll and at the same time, engage employees more with insurance benefits relevant to them and their families,” said GXI President Paolo Baltao.
The GCASH PowerPay+ insurance bundle includes life, accidental death, burial assistance, ATM theft and residential fire coverage.
“ACE Philippines is delighted to become a part of another innovative, market first mobile wallet service facility through GCASH PowerPay+. Being a strategic partner of G-Xchange, Inc. (GXI), we are committed to provide the best possible service and insurance coverage in the market today. Now, employees under PowerPay+ have an array of protection benefits embedded as a unique value-added feature,” said ACE Insurance Country President, Daniel T. Daly.
ACE in the Philippines is a member of the ACE Group of Companies®, a global leader in insurance and reinsurance serving a diverse group of clients. Operating in the country for more than 60 years, ACE delivers specialized and customized coverages for Casualty, Marine, Financial Lines, Property and Accident & Health.
PowerPay+ is a payroll service with no maintaining balance required from the company. In addition, every PowerPay+ ATM card is linked to a Globe SIM registered to GCASH that gives employees access to mobile money services. Employees can now do money transfers, purchase Globe or TM airtime load at a discount, and pay bills at the speed of a text message without the need to cash-in to their GCASH accounts.