editorial team
BGC, Taguig, Philippines – Qwikwire – Southeast Asia’s largest cross-border payments platform signed a deal with GCash – Country’s leading mobile wallet. The partnership is anchored towards innovation of the local real estate payments transactions process in the Philippines. A signing ceremony was held at the GCash office in Taguig last December 6, 2018 with Mynt’s Anthony Thomas, President & CEO and Ray Refundo, CEO of Qwikwire.
In the Philippines, where the real estate industry has been booming over the last 5 years, people still pay their real estate dues through the traditional Post-dated checks (PDCs), Bank Deposits, over the counter payments directly to property developers or some, to their brokers. Aside from these methods being time-consuming, fraud issues were also apparent as the current process is highly manual and lack security measures. These are among the commonly perceived challenges present in the current real estate payment system in the country.
Through the partnership of GCash and Qwikwire, fast, secured, and convenient real estate dues transaction is possible. GCash is a BSP-regulated mobile money service that facilitates transactions using your smartphones. It’s like having your wallet inside your phone, giving you hassle-free and safer ways to go cashless. These features will reinforce solutions to the commonly shared problems of real estate payments in the country.
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