GCash equips MSMEs with a faster, more secure payment tool through SoundPay

New POS technology SoundPay free with GCash Business EasyBiz Bundles to promote MSME growth

Buyers and sellers at the Noel Bazaar at the World Trade Center experienced a new level of convenience with SoundPay devices, the latest addition to the new EasyBiz Bundles financial solutions under GCash for Business. In line with its mission to create products that are affordable and accessible to all, GCash offers SoundPay devices free of charge with EasyBiz bundles, and merchants are guaranteed a quick onboarding – free of complicated documents to ensure a seamless experience, especially for the young. businesses.

Designed to simplify cashless payments, SoundPay is an accessible tool for businesses of all sizes. Additionally, EasyBiz Bundles provide a quick onboarding and easy experience for the merchant, making them more visible to their customers. With this innovation, GCash is strengthening its commitment to financial inclusion, empowering Filipinos from all walks of life with the tools they need to succeed in business.

With SoundPay, merchants receive an instant and audible alert when a payment is successful — this allows them to confirm transactions in real-time without disrupting the service flow compared to the old way of going through the steps to verify that a payment has been received.

“This level of automation and simplicity not only elevates the customer experience but also allows business owners to focus on growth rather than struggling with thousands of manual payment verifications every day. In addition, these devices are portable, making them ideal for small sellers who provide delivery services,” said Ren-Ren Reyes, president and CEO of G-Xchange, Inc. “Our mission with Scan-to-Pay and SoundPay is to redefine. Payment solutions for MSMEs, making them accessible, flexible, and tailored specifically to the needs of small businesses.”

The world’s largest cashless ecosystem currently has 6 million users using the industry’s leading financial app. In just three months since the launch of SoundPay and EasyBiz Bundles in August, GCash for Business has penetrated 385 doors on 429 DT-SME devices and Enterprise with 60 doors on 102 devices.

“The success of Scan-to-Pay since August has changed the way small businesses do business with customers, giving them the same benefits of point-of-sale or POS technology used by large retail companies. With SoundPay, every Scan-to-Pay transaction can be easily verified by the merchant with its audible sound notification, giving them the confidence to do things seamlessly,” added Reyes.

Micro, small and medium enterprises (MSMEs) have traditionally been overlooked or underserved for financial services and business solutions due to complex documentation and high costs that could not be afforded or provided only by large companies. To address this gap, GCash created EasyBiz Bundles, which offer a complete set of business solutions for MSMEs and recently, an affordable alternative that provides comparable functionality to traditional POS systems used by big names in the retail industry. With 445 merchants already signed up with SoundPay, GCash for Business is expected to boost the growth of MSMEs and the Philippine economy.

For more information, visit https://www.gcash.com.

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