Printer Friendly

Is shopping and spending using e-wallet services more fun?

I WAS in Shanghai, China, recently for a work-related trip and I wasn't really surprised to discover that they're practically a cashless society.

I had to buy two lipsticks from a posh department store but they wouldn't take cash so I had to 'borrow' our tour guide's Alipay, a third party and online mobile payment system that's affiliated with Alibaba.

Our tour guide, on the night we arrived, told us that mobile payment apps like Alipay and WeChat Pay are the best ways to navigate around Shanghai's vast retail world.

Of course, markets and smaller establishments still take cash, and even Visa and Mastercard credit cards. From what I saw and experienced, cashless spending is more convenient because you just need to whip out your phone to pay for stuff; we're always on our phones anyway. However, I'm worried about machines breaking down, which may not happen often but could still occur.

These apps, also known as e-wallet services, were found to be the favorites among users in a 2018 survey conducted by the Hong Kong Productivity Council in terms of brand awareness. Other popular e-wallet services in China included Apple Pay and PayMe.

Launched in 2016, WeChat Pay is an electronic wallet inside the chat app WeChat. Users can top up or load their account via designated banks. You cannot reload or load your account using Visa or Mastercard credit cards.

WeChat Pay can be used for peer-to-peer money transfers, cross-border payments, buying coach and ferry tickets, and shopping, of course.

I remember when a friend's son was in China on a school trip and he ran out of cash twice. What my friend did was ask a family friend to send her son money via WeChat and she just paid him. WeChat Pay users can transfer funds to other WeChat Pay users in China, the Philippines and Indonesia.

There are stores in the Philippines, at SM Mall of Asia specifically, that accept WeChat Pay. Alipay, which has over 1 billion active users, recently added beauty filters to its facial recognition feature in response to a clamor by users who said the machines made them look uglier than on a regular camera.

In the Philippines, cashless shopping just got a boost with FREE P50 from GCash, when you load GoSAKTO90.

Subscribe to GoSAKTO90 and get a P50 QR voucher that you can use in more than 50,000 GCash partner merchants for all your needs, whether it's grocery, medicines or personal shopping.

To get your free P50 QR voucher, just purchase GoSAKTO90 from GCash or any loading channels, and you will receive a prompt from 8080.

Reply 'GOSAKTO90 GCASH' to choose the GCash freebie and claim your voucher on the voucher pocket of the GCash App. Use your P50 QR voucher within 14 days, and keep loading GoSAKTO90 to stock up on freebies. You can also get 5 percent rebate every time you buy load using your GCash app. You can do this every week.

For non-GCash subscribers, download the GCash app, register and find the voucher on the voucher pocket. GoSAKTO90 + Free P50 Voucher can also be accessed by dialing *143# and selecting GoSAKTO90 or by texting GOSAKTO90 to 8080.

This is open to all Globe Prepaid and TM subscribers. The P50 freebie is also available when you subscribe to GoSAKTO120 and up, or GoSURF/EasySURF299 and up. More information is available at www.gcash.com/promos.

COPYRIGHT 2019 Knowledge Bylanes
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Mirror (Makati City, Philippines)
Geographic Code:9CHIN
Date:Jul 13, 2019
Words:647
Previous Article:NGC banknotes released in Q1 2020 to have new security features.
Next Article:Techno bane or boon?
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters