GCash, the country’s leading mobile wallet, and 7-Eleven, one of the largest convenience store chains in the country, announced earlier a strategic partnership which allows GCash account holders to pay for their purchases in 7-Eleven stores via the revolutionary Scan-to-Pay (STP) via Barcode feature in the GCash app.
With the growing demand for frictionless transactions, GCash and 7-Eleven are providing greater convenience and security to their customers by introducing the new payment option for physical purchases in 7-Eleven stores across the country.
“This partnership is anchored on the shared goal of enabling more Filipinos to participate in the digital financial landscape. By allowing 7-Eleven stores to accept GCash STP via Barcode payments, we are bringing the vision of building a cashless Philippines,” GCash President Anthony Thomas said.
To use GCash’s STP via Barcode, 7-Eleven customers only need to generate their unique barcodes through the GCash app and allow the cashier to scan their barcodes to complete the transaction.
These two easy steps streamlines the already-frictionless QR code system. With STP via Barcode, merchants do not need to have a QR key code, which the customer scans to transact. Merchants also need not to have their own mobile devices to verify the payments, as STP via Barcode is already integrated in the merchant’s point-of-sales.
“After scanning barcodes to redeem promotions and reload accounts for over 5 years now, including taking payments from our CLiQQ wallet over the last two, we believe we have built the most convenient payment experience in the country, and that the time is right to open up our infrastructure to partners who share our vision.
We are pleased to partner first with GCash, whom we have been working with for several years. Many customers already visit us to cash-in their GCash wallets, now they can use those same wallets to pay for their purchases as well as participate in our CLiQQ loyalty program.” 7-Eleven President and CEO Jose Victor Paterno said.
Supporting BSP cashless vision
The partnership between the fintech leader and the convenience store chain pioneer also supports the Bangko Sentral ng Pilipinas’ (BSP) goal of creating a more cashless Philippines starting this year by migrating 20 percent of the total transaction to non-cash means such as digital payments.
Already, based on a study conducted by the Better Than Cash Alliance, a United Nations-backed organization, the Philippines is close to reaching this target. According to the study, digital transactions now account for 20 percent of the total value of transactions, while 10-percent in terms of volume in 2018.
As a strong government partner and the leader in mobile digital payments, we at GCash remain relentless in developing more products and services that will fit perfectly into the government’s plans for the country’s financial landscape. Our vision for 2020 is to continue to push for the development the GCash platform to enable more people to participate in the digital financial revolution,” Thomas said.
STP via Barcode is now available in more than 2,800 7-Eleven stores in the Philippines. It is also available in majority of Puregold outlets and Starbucks stores nationwide. Check 7-Eleven’s official website at https://www.7-eleven.com.ph/ for more details
That’s awesome! Such a convenient way to pay for consumers, for sure.
I haven’t heard about this digital payment sounds like really easy and safe transactions.
This is such an awesome news! I love when payments get easier!
I haven’t heard of gocash but I go to 7 eleven all the time. I love that they making things so much more convenient for customers.
I love GCash. It’s so convenient to use plus it helps me control my spending.
I have been a GCash user for a long time and I love all the convenience it provides me – not only contactless payment options, but also provides ways to help us save, and invest some money in feeder funds.
Sounds like something I may need to check out. I have not heard about this until now. I’m interested to see more now.
Wow this is really cool that they are making more ways for people to pay. I think we all struggle sometimes if we accidentally left our regular payment type (like a credit card) and need a different way. This is awesome.
This is so convenient. Especially on days like today when I forget my wallet on my counter and need groceries and gas after work.
This sounds like a very convenient way to shop. I was not familiar with gcash and it is interesting to learn about it.
WOW! This is such an amazing achievement and really efficient.
Cool! Happy to hear this kind of technology is becoming more common back home.
This sounds like it’ll be an easy way to pay for things. We do have a 7-eleven near us.
This is so nice!! Never heard of Gocash… Not sure if it is available in India
Scan to pay really is so convenient! Thanks for sharing!
Awesome, I am a GCash user and this is good news for me. It would make transactions a lot easier. I will have to remember this next time I am at a 7-Eleven store.
This looks super convenient. Thanks for the tips!
This is so cool and will make payments a lot easier! Generally mobile wallets work really well. Also, very well writen! x Imaan
Mobile wallets have become so popular and convenient everyone wants to use them. Its a great move by 7 eleven too.
interesting. will this cause prices to increase? i know in the states if places like 7-eleven accept cards it is with an extra fee.
This sounds interesting. Never heard of GCash before- don’t think it is available in the UK? Some great technical information on here
This seems really neat and efficient. I go to Starbucks a lot!
World without cash is not too far ahead now, another wallet or payment method seems to be making its way in.
This is so cool!
Wow! That’s quite an achievement for them. Nice.
This is so convenient. I just wished Globe could give free access for Gcash app, since it’s impractical to buy load just for a single transaction.