Globe Telecom’s GCash beep Mastercard can be used to pay for Light Rail Transit (LRT) and Metro Rail Transit (MRT) fares.
GCash beep Mastercard is the first value-added card to be beep ready, allowing cardholders to load and pay for their MRT and LRT trips easily.
“Making the lives of Filipinos a lot easier and better through technology is always a priority. Thus, we made sure that the beep functionality is part of the GCash Mastercard,” said Xavier Marzan, president and chief executive officer of G-Xchange Inc.
G-Xchange is a wholly owned subsidiary of Globe Telecom which operates GCash.
“With it, commuters don’t need to line up every time they ride the MRT or LRT which takes a long time, because with the GCash beep Mastercard they can purchase their fare like a stored value card,” Marzan said.
He added, “The tap, swipe and shop feature also makes it easy for customers to just tap the card to pay for their fares, swipe their card for purchases and even shop online for apps and online goods.”
The GCash beep Mastercard is the commuter’s everyday all-in-one card.
Globe GCash beep Mastercard is not only a reloadable contactless tap and go card for LRT/MRT passengers but is also accepted as a payment option in popular online shopping sites and in almost 33 million establishments worldwide which recognize the Mastercard brand.
At the same time, because it has a GCash account, it can be used to buy prepaid Globe/TM phone load, send money to any Globe/TM user for free, receive remittance, and even withdraw cash from any automated teller machine (ATM).
Much more, GCash beep Mastercard allows balance and transaction monitoring to ensure that everything is properly recorded.
The company said that to reload the beep account, customers just need to place the GCash beep Mastercard on top of the Stored Value Card reader of the Ticket Vending Machine at any LRT/MRT station, choose the Stored Value option on the screen, insert the corresponding amount of money on the slot provided, and wait for the transaction receipt to come out.
On the other hand, to load the GCash account, card owners may opt to do so by visiting the more than 10,000 GCash outlets such as Globe stores, 7-11, Puregold, Tambuting, Villarica and more or via mobile phone banking.
The GCash beep Mastercard may be purchased at various caravans for only P150 and may retain a maximum beep stored value of P10,000 valid for five years. The GCash wallet, meanwhile, may accommodate as much as P100,000.
Beep is the authorized electronic payment under the unified LRT/MRT ticket system which started full implementation beginning September.
It is operated by AF Payments Inc., which is primarily owned by Ayala Corp. and Metro Pacific Investments Corp.