Through the partnership, tourists can easily pay terminal, environmental, and boat fees starting with Tabon Port of Malay, along with more transactions by logging in to https://guest.eboracay.net. The portal is powered by its electronic payment and collection system provider, Surepay Technologies Inc. (SPTI)
“The unified automated process and cashless payments will be available in more access ports going to Boracay, as we help build a secure and seamless cashless ecosystem that supports the sustainable development of one of the best islands in the world,”
said Jong Layug, group head of GCash B2B.
For his part, Atty. Arnold Caballero, SPTI President, welcomed the partnership and their contract with the local government unit of Malay, noting that the collecting required fees via the Tabon Port entry is an essential first step toward providing ultimate convenience to tourists and residents of Boracay.
"The enactment resolutions by LGU of Malay paved the way for a unified ticketing payment system which is aimed to consolidate processes and automate payments. It's really quick and tourists will no longer have to write anything manually or take out from their wallet and look for the cash,"
Caballero said.
For more flexible cashless payment options, GCash also offers GCredit and GGives features that let users shop now and pay later. GCredit allows tourists to extend their travel budget by providing a credit limit determined by their GScore. This gives adventure lovers more freedom to make the most out of their vacation and experience the best things that Boracay has to offer such as Paraw sailing, tour activities to Puka beach, cliff diving, and famous restos that accept GCash as a payment option while staying safe and without needing to withdraw cash.
Another cashless way to pay is via the GGives feature, allowing users to pay for their transactions in up to 24 installments or “gives”, for those who go on shopping sprees at D-Mall.
“Tourists no longer have to bring cash around and can easily pay in advance before their arrival on the island. Even local residents need not have to fall in line as they can be booked through the system if they so desire in the project's next phase,”
Malay Mayor Frolibar Bautista said.
About Mynt
Mynt is the first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.
About GCash
GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.
Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
For more information, please contact:
Bruce Rodriguez, Head of Business Communications
Corporate Communications
Legal Disclaimer & Safe Harbor Statement
This press release is for informational purposes only and does not constitute, or form part of, any offer, solicitation, or invitation to sell, issue, purchase, or subscribe for any securities in the Philippines, the United States, or any other jurisdiction. No securities of Mynt, Inc. have been or will be registered under the U.S. Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offering of the securities of the Company in the United States. No money, securities or other consideration is being solicited by this document or the information contained herein and, if sent in response to this document or the information contained herein, will not be accepted. Any potential initial public offering and listing in the Philippines, if pursued, remain fully subject to prevailing market conditions and regulatory approvals, including the registration requirements of the Philippine Securities and Exchange Commission and the listing rules of the Philippine Stock Exchange, Inc., and there can be no assurance that any such filings will be made or that any offering or listing will be consummated. This document contains forward-looking statements that involve inherent risks and uncertainties; actual results, timelines, and outcomes may differ materially from those projected due to shifting market dynamics, economic environments, and regulatory updates.
