Singapore-based payroll services provider Excelity Global has partnered with Philippine mobile money wallet GCash to allow disbursement of salaries and reimbursements in an employee’s GCash account.
This feature is directly integrated with Excelity’s payroll clients through the GCash App and the GCash Mastercard.
Financial inclusion remains a challenge that lawmakers are attempting to tackle in Philippines, partnerships like this spells out a larger trend of fintechs attempting to be part of the solution.
The Philippine based payments company is hardly alone in their attempt, as recent as last week Western Union tied-up with Coins.Ph to enable Filipinos to receive transfers directly on their mobile wallet.
Commenting on how it helps address financial inclusion in the Philippines, Anthony Thomas, President and CEO of Mynt a parent company to GCash shared that,
“With two out of three Filipinos unbanked, and with no formal access to credit, GCash offers solutions that gives the nation financial convenience, whether it’s from simply buying load, to sending money anywhere in the Philippines, and even with shopping online or using QR codes’
