Despite its recent announcement that it will charge fees for cash-ins via BPI and Unionbank, GCash supports micro merchants by waiving QR transaction fees until the end of 2023. For those not familiar with the term, micro-merchants refer to businesses with a smaller scale. These include sari-sari store owners, public market vendors, and online sellers.

“For GCash, making this service free means micro-entrepreneurs can earn a little extra for their families through safe cashless transactions. We are committed to working with our micro-entrepreneurs to achieve their business goals in the digital economy,” G-Xchange President and CEO Ren-Ren Reyes said. “Together with our partners, we will equip micro, small, and medium enterprises (MSMEs) with the right tools and products so they can grow their businesses safely and conveniently.”

In addition to the waived transaction fees, micro-merchants will have access to an increased GCash wallet limit of up to Php 500,000 per month, and that the 1.5% transaction fee is waived for up to Php 100,000.

GCash’s scan-to-pay feature allows merchants to track payments received more quickly without adding any additional costs. For comparison, cashless transaction services such as QR-based and card payments can cost as much as 2% with e-wallets and other payment platforms.

GCash has provided digital financial solutions to 845,000 small-scale community merchants.