• Globe partners with SM on cashless payments


    GLOBE Telecom Inc. continues to ramp up the rollout of its scan-to-pay system with a new partnership signed with Henry Sy’s SM on Friday.

    Ernest Cu, Globe president and chief executive officer, told reporters following the media launch the partnership with SM is expected to result in “more partnerships” in the use of the QR code payment system.

    “[Because] the profile of SM is very high and if SM accepts us, then it should be acceptable to most establishments in the Philippines,” he said.

    Cu added they are not just focusing on big retailers. He said the telco would also like to tap the grassroots market to include public markets and sari- sari stores.

    Anthony Thomas, president and chief executive officer of Mynt, the financial technology company owned by Globe Telecom, Ant Financial and Ayala Corp., said in the media briefing that Globe’s introduction of the QR code payment system would help address issues involving cash such as security and handling.

    “We’re not installing a device but just a sticker with a QR code. The customer simply scans that sticker so no need for additional machines for transactions and there’s no cost to the machine but more benefits to the merchants,” he said.

    He said the partnership with the mall operator allows consumers to use their smartphones to purchase at all SM Store outlets and information booths of SM Malls across the country.

    Thomas added the modern payment system has also been receiving support from other merchants in the Philippines, including Max’s Group of restaurants, apparel brand Bench, and international brands special retailer Stores Specialists Inc.

    Just this week, Globe also closed a deal with Robinsons Department Store, a unit of Robinsons Retail Holdings Inc., as part of its vision to accelerate its QR payment system business.


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