Fintech helps trike drivers, vendors cope with pandemic woes

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Tricycle drivers and market vendors in Pasig City who have been searching for a safe and secure way to sustain their businesses while following safety protocols have found a reliable way to receive payments from their customers.

GCash QR is a solution introduced by GCash as part of its partnership with AMTODA (Antipolo Market Tricycle Operators and Drivers Association) and ASCLP TODA (Antipolo Sumulong College Lores Plaza Tricycle Operators and Drivers Association), and with vendors at the Pasig City Mega Market.

It’s a safe and effective alternative to send/receive money without having to share one’s mobile number.

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“At the heart of this program is financial inclusion. We envision to enable micro and small businesses with the digital finance platform so they can enjoy its benefits at a time when they need it most. Many of them are frontliners too. We should also focus on helping them by providing them with tools so they can continue growing their businesses and serving their customers during the pandemic,” says Martha Sazon, President and CEO of GCash.

According to Restituto Bayote, President of AMTODA, which has over 500 members, they have been encouraging members to use QR on Demand as a contactless way to safely and securely receive payment from their passengers. They have been working closely with GCash to orient drivers, especially the elderly ones, of its beneficial features.
Antipolo TODA driver Zalde Guiruela also agrees to this point.

Having a cashless payment option like GCash QR also helped Ronnie Fabian, a textile store owner at the Pasig City Mega Market, attract customers outside of the public market.

Entrepreneurs like Coleen Lopez, who has an RTW stall and owns an online shop called Coleen’s Businezz, is a long-time GCash user who is looking forward to using the Digital QR feature because it’s a faster and more secure way to accept payment from customers.

“Since last year we have been pushing for cashless transactions among vendors and trike drivers to promote the health of all, para mawala yung physical transfer [ng virus]. It’s also a secure way to accept payment and to avoid circulation of counterfeit bills. It’s about time our vendors and trike drivers adapt to this new business model, they need to enjoy the benefits of e-wallets and contactless payment,” added Pasig City Councilor Rhichie Gerard Brown.

Having empowered by the GCash platform, these owners of small businesses and drivers of TODA can further enjoy the benefits of using the app with its financial services products such as savings, investment, insurance, and credit.

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