November 24, 2017
Ministop-first CVS to become QR-enabled via GCash
Customers will soon be able to make digital payments at select Ministop stores using GCash. Through a partnership with Mynt (Globe Fintech Innovations, Inc.), Ministop is the country’s first major convenience store chain to accept QR payments.
The cashless platform will be implemented starting with two Ministop branches at Cyberspace Alpha and Cyberspace Beta on November 23, 2017, with a target roll out to other branches in 2018. Customers will also enjoy a 10 percent rebate when they scan to pay with GCash at the pioneer stores for the whole month of December this year.
Using a QR code system, GCash allows for hassle-free transactions through a mobile app that serves as a virtual wallet for iPhone and Android smartphones. The app allows users to load funds into their account alongside a unique matrix barcode that is scanned to complete payments.
“Providing 24/7 convenience to our customers has always been our thrust. We see our partnership with Mynt as a step forward in embracing new technologies. With just a few clicks, Globe GCash’s e-payment via QR code will redefine convenience, offering seamless transactions that complement the digital lifestyle of our consumers,” said Ministop’s General Manager, Thelma Roxas- Jacob.
Phones have become the primary device for many Filipinos, especially millennials and with the Philippines having one of the highest mobile penetration rates in the world. Coupled with mobile data, this presents multiple opportunities for retailers to engage their markets in virtual spaces.
“We are excited over this partnership since Ministop is the first convenience store in the country to embrace e-payment via QR code. This will be good for the larger population because of the ease, convenience, and security that e-payments provide both to the consumers and merchants,” said Anthony Thomas, President and CEO of Mynt.
GCash is operated by Mynt, which is owned by Globe Telecom, Ant Financial and Ayala Corp.
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