GCASH
Text‐A‐Bills
Payment
Paolo Baltao
Head, Product Group, G-Xchange, Inc. (GXI)



                 2009 RBAP-MABS Nati...
Presentation Outline

•  User Experience
•  Benefits to the Biller and to the Rural Bank
•  Settlement and Reporting
•  Co...
GCASH Text-A-Sweldo

To the Company

•  Lower disbursement cost



To the Rural Bank

•  Deeper banking relationship with ...
Disbursement and Reporting

•  All disbursements are debited from a designated GCASH wallet under the
   name of the rural...
Commercial Terms

•  Processing fee of Php 1.00 per credit to be paid to GXI. At its option, the rural
   bank may add a m...
User Experience

                                                                      convenience
                       ...
Benefits

To the Biller

•  Lesser queuing and cash handling at the biller branches at no additional capital
   expenditur...
Settlement and Reporting

•  All payments are collected through a designated GCASH wallet under the name
   of the rural b...
Commercial Terms

•  Processing fee of Php 7.00 per payment, exclusive of VAT, to be paid to GXI.
   At its option, the ru...
End of Presentation
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Text A Bills Payment

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Text A Bills Payment

  1. 1. GCASH
Text‐A‐Bills
Payment Paolo Baltao Head, Product Group, G-Xchange, Inc. (GXI) 2009 RBAP-MABS National Round table Conference May 12-13, 2009 Hyatt Hotel and Casino Manila
  2. 2. Presentation Outline •  User Experience •  Benefits to the Biller and to the Rural Bank •  Settlement and Reporting •  Commercial Terms
  3. 3. GCASH Text-A-Sweldo To the Company •  Lower disbursement cost To the Rural Bank •  Deeper banking relationship with the company •  New source of low-cost funds •  New revenue stream
  4. 4. Disbursement and Reporting •  All disbursements are debited from a designated GCASH wallet under the name of the rural bank. •  Rural bank funds the designated GCASH wallet to cover the disbursements •  Company or rural bank uploads the payroll instructions using the GCASH WIRE web portal •  Company or rural bank downloads the disbursement report from the GCASH WIRE web portal
  5. 5. Commercial Terms •  Processing fee of Php 1.00 per credit to be paid to GXI. At its option, the rural bank may add a mark up to the processing fee. •  Should the company pay GXI directly, GXI will pay the rural bank its share of the revenue. •  Should the company pay the rural bank directly, the rural bank will pay GXI the processing fee stated above. •  Total processing fees incurred for the month shall be payable on or before the 15th of the succeeding month.
  6. 6. User Experience convenience Subscriber sends GCASH to the biller anytime, anywhere. Subscriber includes his account name and/or number* and payment amount in the payment instruction. reliability Subscriber instantly receives an SMS confirmation that the payment has been received. * check-digit validation can be provided to minimize invalid payment attempts
  7. 7. Benefits To the Biller •  Lesser queuing and cash handling at the biller branches at no additional capital expenditure •  Branch personnel can focus more on customer acquisition and retention •  Customers are more satisfied because of the payment convenience To the Rural Bank •  Deeper banking relationship with the Biller •  New source of low-cost funds •  New revenue stream
  8. 8. Settlement and Reporting •  All payments are collected through a designated GCASH wallet under the name of the rural bank. •  On the next banking day: •  GXI sends to the rural bank the daily collection report, which the rural bank then relays to the biller. Based on the daily collection report, biller posts the payments to the subscriber accounts. •  rural bank credits the account of the biller, which is maintained with the rural bank, for all payments collected as stated in the daily collection report •  At its option, the rural bank may request that the funds in the designated GCASH wallet under its name be transferred to its settlement account.
  9. 9. Commercial Terms •  Processing fee of Php 7.00 per payment, exclusive of VAT, to be paid to GXI. At its option, the rural bank may add a mark up to the processing fee. •  Should the biller pay GXI directly, GXI will pay the rural bank its share of the revenue. •  Should the biller pay the rural bank directly, the rural bank will pay GXI the processing fee stated above. •  Total processing fees incurred for the month shall be payable on or before the 15th of the succeeding month.
  10. 10. End of Presentation

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