MANILA – The Land Transportation Franchising and Regulatory Board (LTFRB) on Monday tapped GCash to help equip taxis with scan-to-pay systems and allow the riding public to pay for their metered fares via their mobile wallets.
LTFRB Chair Martin Delgra III said that LTFRB, cashless payment providers and transport network companies met on Sunday to find a solution to help fight the spread of the virus in the public transportation sector.”GCash, PayMaya, cashless providers using cards such as Beep were there as well. We met with them yesterday so that we’d be able to push for a cashless transaction,” Delgra said.
The joint venture of Jack Ma’s Alipay and Globe Telecom’s Mynt will allow passengers to scan QR for their taxi fares and deduct the amount due from their mobile wallet.
Digital payments will help limit the physical contact between the driver and passenger thus reducing the chance of the virus being spread.
Transport Secretary Arthur Tugade said that this contactless and cashless payment will now be a part of the new normal in the public transportation.
GCash will also offer PowerPay+ solution to taxi operators that would allow for the salaries, allowances and commissions to be distributed to the employees nationwide.GCash head of payments Jovit Bajar said that GCash strongly supports government’s push for mobile payment at its encourage the public to avoid using paper money that can be a potential instrument of spreading the COVID-19 virus.
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