Thursday, August 15, 2019

Discovering The Power of Online Disbursements with Powerpay+


GCash The Power of Online Disbursements with Powerpay+
Discovering The Power of Online Disbursements with Powerpay+


Most working Filipinos dream of running their own businesses someday, imagining all the perks that come with being business owners  - “I have my own business”  does have a nice ring to it - makes you sound rich and often forgetting the responsibilities it entails. That is, you may be the boss, but in the real world, you will most likely also be the human resources officer, accountant, secretary, and occasionally, even the courier. 



Discovering the Power of Online Disbursements with Powerpay+


This is why many micro-, small and medium enterprises (MSMEs) lean on digital innovations like GCash’s Powerpay+ disbursement platform to make their lives easier and cut down their businesses’ operational costs.


GCash The Power of Online Disbursements with Powerpay+

Introduced in 2013, Powerpay+ was created to streamline business operations through a hassle-free disbursement facility that is accessible even on mobile phones. Powerpay+ allows business owners to release allowances, loans, salaries, commissions and other funds to their workers—regular, contractual or even interns—through their GCash accounts. 


GCash The Power of Online Disbursements with Powerpay+


How does this work?

Business owners or their HR officers can apply online at www.gcashbiz.com/login. After submitting requirements such as a certificate of registration from the Bureau of Internal Revenue and/or Securities and Exchange Commission, articles of incorporation, general information sheet, etc. business owners can start onboarding with GCash. 

GCash will create a wallet for the business and give its owners or their representatives access to a central database where they can upload all information, including IDs and signatures, of their payees. They should then deposit an amount to their GCash account that is sufficient to cover all disbursements. A file, which details the types and amounts of disbursements—whether scheduled, recurring or real-time—would be uploaded to the database and become the basis for fund release. 

The funds will be credited to the payees’ GCash accounts safely and in real-time. Unlike payroll accounts in most banks, GCash does not have a minimum or maintaining balance. But like bank accounts, the money in GCash wallets can be withdrawn from any Bancnet ATMs using the GCash EMV-ready Mastercard, which will be issued to all payees. To ensure security, SMS notifications will be sent to GCash users for all kinds of transactions. 

The efficiency and convenience of using Powerpay+ has served both MSMEs and the country’s biggest companies, such as Ayala Corp., Concentrix, Grab, Generika and Makati Development Corp. As of July, there were more than a million people using GCash’s Powerpay+ platform. 


GCash The Power of Online Disbursements with Powerpay+
Discovering The Power of Online Disbursements with Powerpay+

All businesses adopting Powerpay+ will receive training from GCash and assistance to address any concerns. Whether yours is an enterprise employing 10 or 10,000, the flexibility, security, and reliability of Powerpay+ will make you feel like a real boss



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