This article first published at: Philippine Primer
GCash, the leading mobile wallet provider in the Philippines, has signed a deal with Qwikwire—Philippines’ largest cross-border payments platform, to innovate the local real estate payment transactions in the country.
Local Real Estate Payments
In the Philippines, people still pay their real estate dues through traditional post-dated checks, bank deposits, over the counter payments directly to property developers, or some, to their brokers. This manual process is time-consuming and open to fraud risks.
Qwikwire and GCash Facility
GCash is a BSP-regulated mobile money service that facilitates transactions using your smartphones. It’s like having your wallet inside your phone, giving you a safe and hassle-free way to go cashless.
With GCash and Qwikwire’s partnership, clients of property developers including DMCI, Century Properties, Double Dragon, Revolution Pre-crafted, among others, can now pay their association dues through GCash’s mobile app.
This will be available for real estate payors based in the Philippines.
Through this partnership, users can now easily pay their property dues in just a few clicks. Transactions from Qwikwire’s clients will be handled and processed by GCash.
For the first month, the facility is available only for association dues but is also set to handle reservation fees and payments for monthly amortization.