Tap Into the Future: GCash and Mastercard Bring the Future of Payments With Tap n’ Pay

In a move to once again transform the way Filipinos experience cashless transactions, GCash, the leading finance super app in the Philippines, and global technology company Mastercard have teamed up to introduce Tap n’ Pay – a contactless payment solution designed to make everyday transactions faster and more convenient.

As digital payments continue to shape modern lifestyles, consumers seek seamless and hassle-free ways to transact. Tap n’ Pay meets this demand by enabling users to make purchases effortlessly—simply by tapping their NFC-enabled Android phone on a compatible point-of-sale (POS) terminal that accepts card payments. With every tap, consumers take a step toward greater convenience, security, and efficiency, transforming daily transactions into an empowering experience tailored to their evolving needs.

This collaboration between GCash and Mastercard enhances the digital payment landscape nationwide. By integrating GCash’s accessibility with Mastercard’s extensive, trusted payments network, Tap n’ Pay provides Filipinos a smooth and secure payment experience for both users and merchants, allowing the users to make contactless purchases via the GCash app with just a tap – wherever Mastercard is accepted in the Philippines.

“This collaboration further solidifies our commitment to offering Filipinos convenient and secure cashless payment solutions, making everyday transactions easier and more seamless,” said Ren-Ren Reyes, president and CEO of G-XChange, Inc. the mobile wallet operator of GCash.

Currently, Tap n’ Pay is available for local transactions, with plans for international availability soon. This initiative is part of GCash’s ongoing efforts to improve financial access and convenience for Filipinos, whether at home or abroad. With Mastercard, users can tap to pay at merchants nationwide that accept contactless payments. This enhanced feature simplifies payments, delivering a faster and more convenient cashless payment experience.

Simon Calasanz, country manager, Philippines, Mastercard, added, “Mastercard is thrilled to collaborate with GCash, powering Tap n’ Pay with NFC technology to introduce a new avenue for contactless digital payments in the Philippines. The collaboration advances Mastercard's commitment to providing greater choice for cardholders and enabling a more frictionless payment experience. Now, all GCash Wallet app users can simply activate Tap n’ Pay in their GCash app and pay by just tapping their phones wherever Mastercard is accepted — making transactions faster, easier, and secure.”

At the core of this seamless and secure payment experience is OpenFabric, GCash’s trusted partner for digital payments. OpenFabric plays a crucial role in enabling the provisioning of Mastercard’s tokens and managing the transaction gateway between GCash and Mastercard merchants. This technology ensures that GCash users enjoy a smooth, secure, and effortless Tap n’ Pay experience at Point-of-Sale (POS) terminals across the Philippines.

Users must have an active internet or cellular data connection to ensure secure and uninterrupted transactions with every tap.

With an extensive range of digital payment solutions, GCash and its partners remain committed to driving financial inclusion and innovation in the country, providing millions of Filipinos with convenient financial services.

For more information, please visit www.gcash.com.

Mastercard Wins First Place in Global 2020 Corporate Startup Stars Awards, Start Path Named World’s Best Accelerator

Mastercard has won first place in the 2020 global Corporate Startup Stars Awards and its Start Path startup engagement program has been recognized as the World’s Best Corporate Accelerator. The prestigious prize is a partnership between the innovation advisory firm Mind the Bridge and the International Chamber of Commerce (ICC).

The awards, announced today at a virtual ceremony hosted by Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education, and Youth, recognizes the world’s most active corporations working with startups and best practices in corporate-startup collaboration. Mastercard earned recognition for the advancement of its Start Path program, helping fintech innovators around the world scale their business and deliver transformative solutions.

“We’re honored to have been chosen as the world champion in startup-corporate collaboration by the Corporate Startup Stars Awards, recognizing our history of driving innovation with fintechs to scale ideas that bring more people into the digital economy,” said Ken Moore, Chief Innovation Officer at Mastercard. “As a partner of choice for fintechs globally, Mastercard embraces the opportunity to collaborate with emerging fintech players to accelerate innovation and shape the future of commerce.”

Through the Start Path program, startups have an opportunity to connect with partners in Mastercard’s global ecosystem of banks and merchants as well as technology and digital players. With more than 250 startups in the network since its founding in 2014, Start Path companies have gone on to raise more than $3 billion in post-program capital.

Mastercard would like to extend congratulations to all of the companies from around the world who have been recognized by the Corporate Startup Stars and Corporate Startup Accelerator Awards to drive innovation across industries. Visit the Corporate Startups Stars website to learn more about these trailblazing companies.