GCash, Alipay jointly launches new GCash QR code

Globe Fintech Innovations Inc. (Mynt), which operates GCash, the Philippines’ largest mobile wallet, and Ant Financial Services Group (“Ant Financial” or “Ant”), which operates Alipay, the world’s largest mobile and online payment platform, announced a new QR code solution that will enable local merchants to accept payment from both local users using GCash and Chinese visitors using Alipay via one single connection to GCash QR Code solution. Alipay and GCash will work together with acquirers to promote this new QR code to enable local merchants to service an even bigger pool of consumers with seamless payment experiences. This service will be rolled out over the next few weeks across GCash’s merchant network.