Globe Telecom, through mobile commerce subsidiary G-Xchange Inc. (GXI), recently launched a first in the industry – a salary disbursement service linked to the leading mobile wallet in the Philippines, which comes with insurance coverage.
The new GCash PowerPay+ allows employees to receive their salaries on their mobile phones and withdraw from any of the 9,000 ATMs in the country using their PowerPay+ ATM card or cash out their money at any of the 6,000 GCash outlets nationwide.
“We strive to enhance the traditional way of disbursing salaries with value-added features, especially for small and medium-scale businesses. GCash PowerPay+ supports companies not only in the efficient and convenient fulfillment of salary payments but also in giving financial security to its employees. With GCash PowerPay+, we address challenges in disbursing payroll and engage employees more with insurance benefits relevant to them and their families,” said GXI president Paolo Baltao.
The GCash PowerPay+ insurance bundle covers life, accidental death, burial assistance, ATM theft and residential fire.
ACE Insurance was tapped as a strategic partner of GXI.
“We are committed to provide the best possible service and insurance coverage in the market today. Now, employees under PowerPay+ have an array of protection benefits embedded as a unique value-added feature,” said ACE Insurance country president Daniel T. Daly.
ACE in the Philippines is a member of the ACE Group of Companies®, a global leader in insurance and reinsurance serving a diverse group of clients. It has been operating in the country for more than 60 years providing specialized and customized coverage for casualty, marine, financial lines, [roperty and accident and health.