Mynt's GCash launches PocketPay NFC app, waving fees for MSMEs payments
GCash, the country’s dominant mobile financial application run by fintech giant Mynt, has introduced a new payment solution that allows small businesses to accept credit and debit card payments directly through their smartphones.
In a statement on Thursday, Nov. 6, the e-wallet giant said the new product, GCash PocketPay, uses Near-Field Communication (NFC) technology to transform a merchant’s existing Android phone into a point-of-sale (POS) terminal.
GCash PocketPay eliminates the need for separate hardware, which has historically been a barrier for micro, small, and medium enterprises (MSMEs) due to cost and complexity, the company said.
GCash for Business, the B2B unit of Mynt, positioned PocketPay as a key tool for accelerating digital adoption among the 99.5 percent of businesses in the country classified as MSMEs.
“Digital tools have to work with how MSMEs live and operate, and for many of them, that means operating on lean budgets and fast turnarounds,” said Jong Layug, General Manager of B2B at Mynt.
He added that the solution is designed to be “flexible, reliable, and incredibly easy to use,” furthering GCash’s goal to provide simpler and more affordable digital payment systems.
The move by the nation's sole “duacorn” directly targets the friction points in the digital adoption journey, offering an immediate and zero-upfront-cost method for merchants—particularly mobile vendors, online sellers, and pop-up shops—to process card transactions and track sales in real-time.
To drive initial uptake, GCash is waiving transaction fees for PocketPay until Dec. 3, 2025.
The introduction of PocketPay arrives as the Philippines sees rapid digitalization; digital retail payments accounted for over 57 percent of total transaction volume in 2024, according to central bank data, placing significant pressure on businesses to accept non-cash transactions.