Saturday, October 4, 2008

G-Cash: A Mobile Money Experience

Only a matter of time, Pinoys may walk around with no need for cash in their pockets anymore. It has been happening in other countries so it can be possible in our country as well. What do you think?

For one, there is G-Cash. It is a service that turns your cellphone into an electronic wallet and it is a first from Globe.

My Globe SIM Card has been registered to G-Cash since late last year though it is only a week ago that I finally had it funded. Well, it seems quite a wise decision on my part as I've already made a few successful G-Cash transactions in such a short time. Based on actual experience, the service comes so handy that it saves time, money and effort.

1. My cousin who is studying in Manila gets her weekly allowance only on weekends when she comes home. Although my aunt is ready for my cousin's regular allowance, considering the present economic crisis, she's not prepared for other expenses such as an expensive subject requirement at school. One time, my cousin was told that her Dad will deliver the money to her as soon as they have collected enough funds. When I learned about the situation, I advised that there is no need to personally deliver the cash as it can be easily done through text using G-Cash. It was really fast and easy!

2. I need to make a call but I do not have enough balance to do so. It's a good thing I have G-Cash funds -- I was able to buy prepaid load through my own cellphone and I even got 10% rebate from that purchase. It's so convenient!

3. I am doing necessary preparations for a new business project. I visited the official website of the Department of Trade and Industry (DTI) for my new business name registration application. The online application was completed successfully and the application fee of P300 was paid through G-Cash. It really saves time, money and effort!

4. For ages now, I've been wanting to donate even just a small amount to UNICEF but maybe that desire is not so great that going to any bank or Bayad Center which accepts payments for such donation is always set aside. I'm glad to have finally accomplished the task through G-Cash. It feels great!

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Well, for those interested about G-Cash, the following are some useful information. The following is taken from the Globe G-Cash website FAQs section.

What is G-Cash?

G-Cash is the brand new service that turns your cellphone into an electronic walleT and it’s a first from Globe!

With G-Cash, Globe and Touch Mobile subscribers to can easily and conveniently

1. send G-Cash both here and abroad
2. receive G-Cash and exchange it for cash
3. make payments just by texting

It’s fast, secure, and reliable, all made possible by the banking institutions and money transfer services you’ve come to trust over the years.

Non-subscribers can also send cash electronically to Globe and Touch Mobile subscribers through authorized G-Cash outlets.

How do I activate my G-CASH service?

First, a Globe or Touch Mobile subscriber should register to be able to cash-out their G-Cash at authorized G-Cash outlets or send G-Cash to another Globe or Touch Mobile subscriber. A subscriber doesn’t have to register to receive G-Cash. However, he must register to be able to cash-out or send G-Cash to another subscriber.
To register, send REG (4-digit M-PIN)/(Mother's Maiden Name)/
(FirstName)/(LastName)/(Address)/Tel No. with area code to 2882

The subscriber will then receive an acknowledgment receipt of the successful registration.

Also, it is important that the subscriber registers his real name and details as the information will have to match his I.D.

Are there any limits to the amount of transactions?

Minimum amount for person-to-person transfer is P1.00. However, minimum cash-out or cash-in transaction will depend on the outlet where you are cashing-in or cashing-out.

For Globe Business Centers, there is no minimum cash-in and cash-out amount. However, the fee for cash-in/cash-out transactions below P1,000 will be a flat P10.00 while for transactions P1,000 and above, the fee will be 1% of the amount being cashed-in/out (Ex. P10.00 for a P1,000.00 transaction). Maximum cash-in and cash-out at a Globe Business Center is P10,000.

Maximum amount for single cash-in, cash-out, or person-to-person transfer transaction is Php 10,000. A subscriber can accumulate only a maximum of Php 10,000 worth of G-cash in his wallet; thereafter he must cash-out or transfer G-cash to another person before he can accept more G-Cash. Maximum amount of cash-out or person-to-person transfer per subscriber per day, regardless of number of transactions, is Php 40,000. Maximum amount that can be transacted, regardless of number of

How do I claim my G-CASH?

You may go to a Globe Business Center or you may go to any G-Cash outlet which is authorized to do Cash-out (Please see attached list, rates will depend on each partner).

A. For Business Center

1. Fill up a G-Cash service form (name, amount to be cashed-out and mobile number of subscriber).
2. Present required identification to the frontliner (please see attached list of valid ID’s).
3. Subscriber pays processing fee (For amounts below P1,000 there is a flat P10.00 fee. For amounts P1,000 and above, 1% of amount will be the fee, for ex. P10.00 for every P1,000.00 being cashed-out).
4. Frontliner will write down a unique transaction code on the service form.
5. The business center will send a text message to the subscriber requesting to deduct the G-Cash from their wallet. The subscriber simply has to reply with his MPIN to confirm.
6. Frontliner will then print an acknowledgement receipt for the cash-out and an official receipt for the transaction fee.
7. Subscriber receives the cash. Note: Maximum cash-out is Php 10,000 (which is also maximum amount that a regular subscriber’s G-Cash wallet can hold at any given time).

B. For authorized G-CASH Outlet

1. Fill up a service form (ex. name, amount to be cashed-out and mobile number of subscriber).
2. Subscriber presents required identification to the frontliner.
3. Subscriber pays processing fee (this will depend on each outlet). He can either pay it in cash or include it in the G-Cash amount that will be sent to the outlet’s mobile phone no.
4. Frontliner will show outlet’s authorized mobile number to subscriber.
5. Subscriber sends the following message: and send to 2882+<10 digit mobile number of authorized outlet>
6. Subscriber receives the cash from authorized outlet. Note: minimum and maximum cash-out depends on each outlet.

How do I send G-CASH to a Globe or Touch Mobile subscriber?

Just send the following message: (amount to be sent) (M-PIN) (70 character message) and send to 2882+(10 digit mobile number of recipient. 70 character message is optional

How do I load G-Cash into my phone?

Just go to any Authorized G-Cash outlet which accepts Cash-in transactions. Show required identification to frontliner. Give the frontliner the cash plus the processing fee and the outlet will send the G-Cash to your mobile phone number directly.

Local non-subcribers

1. How do I send G-Cash to a Globe or Touch Mobile subscriber? Can I send to a non-Globe or Touch Mobile subscriber?

G-Cash can only be received by Globe Handyphone and Touch Mobile subscribers.

a. Just go to any Globe Business Center or Authorized G-Cash Outlet who accepts Cash-in transactions.

b. Fill up a G-Cash Service Form which will require you to give your full name, address and telephone number, your beneficiary’s name, address, telephone number and mobile phone number as well as the amount that you would like to send. Please make sure to present a Valid I.D.

c. Pay the Cash-in fee to the frontliner.

d. Frontliner will send the G-Cash to your beneficiary and give you an acknowledgement receipt for the transfer and an O.R. for the processing fee.
2. What if the G-Cash is sent to an expired number? Can my beneficiary get the amount? Can I get back the amount?

Please ensure first that the recipient of your G-Cash is an active number, and please advise your beneficiary to claim the G-Cash promptly. If the number you sent G-Cash to is expired, your beneficiary will have to go a Globe Business Center or Globelines Payment and Service Cetner to claim the remittance. You cannot claim back the amount from the cash-in outlet.

International non-subscribers

1. How do I send G-Cash to a Globe or Touch Mobile subscriber? Can I send to a non-Globe or Touch Mobile subscriber?

G-Cash can only be received by Globe Handyphone and Touch Mobile subscribers.

Just go to any Authorized International G-Cash Outlet who accepts Cash-in transactions (please see attached list).

Fill up a Cash-in Form which will require you to give your full name, address and telephone number, your beneficiary’s name, address, telephone number and mobile phone number as well as the amount that you would like to send. Please make sure to present a Valid I.D.

Pay the Cash-in fee to the frontliner.

Frontliner will send the G-Cash to your beneficiary and give you an acknowledgement receipt for the transfer and an O.R. for the processing fee.
2. What if the G-Cash is sent to an expired number? Can my beneficiary get the amount? Can I get back the amount?

Please ensure first that the recipient of your G-Cash is an active number, and please advise your beneficiary to claim the G-Cash promptly. If the number you sent G-Cash to is expired, your beneficiary will have to go to a Globe Business Center or Globelines Payment and Service Center to claim the remittance. You cannot claim back the amount from the cash-in outlet.


* For more information, visit the Globe G-Cash website FAQs section:
http://www.myglobe.com.ph/gcash/faqs.asp

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