Globe GCASH and American Express Team Up to Develop Online Payment Solutions

BARCELONA, Spain, March 1, 2012 /PRNewswire-Asia/ -- G-Xchange, Inc. (GXI), the mobile commerce subsidiary of Philippine telco giant Globe Telecom that provides mobile and data services to over 30 million customers, is entering into a partnership with American Express, a global payment and network services provider to develop an innovative online payment solution that will allow Globe GCASH mobile wallet customers to not only buy smartphone apps, music, movies, and games but also shop for electronics, toys, apparel, and many other goods from popular US and UK online sites that accept American Express.

The tie-up will provide a hassle-free shopping experience for Filipinos as goods bought through GCASH via American Express can be delivered from the US or UK directly to their homes in the Philippines. Furthermore, customers may also take advantage of thousands of online deals and offers.

"With less than 5% credit card penetration in the Philippines, our new solution will provide consumers with a new and compelling payment option -- and all they will need is a GCASH mobile wallet to start shopping on online sites outside the Philippines," said Paolo Baltao, President of GXI.

"The Philippines is a market with strong growth potential, and we see this across several sectors from banking services to e-commerce," added Kula Kulendran, Executive Vice President and Head of Global Network Services, Japan, Asia Pacific, Australia, American Express. "Our partnership with GXI will provide consumers with broader access to global online shopping opportunities and services as well as drive innovative product development and strong business growth for both GXI and American Express."

About G-Xchange, Inc. and GCASH

G-Xchange, Inc. (GXI) is a pillar in m-commerce and a fully-owned subsidiary of Globe Telecom, which is a leading full service telecommunications company in the Philippines.  GXI pioneered the mobile commerce service called GCASH which was launched in the Philippines in October 2004. GCASH is an internationally-acclaimed mobile commerce service of G-Xchange, Inc. which allows Globe and TM subscribers to send and receive cash conveniently anytime and anywhere.  It delivers over one single platform the three major cash transactions made by consumers today:  purchase and payments, person-to-person or P2P transactions, and domestic and international remittances.

Globe Telecom recently sealed a deal for a US$700-million mobile network modernization program to further improve its services, including its mobile commerce product GCASH. The modernization program, considered the most significant Globe Telecom investment in the last two decades, includes an all-IP infrastructure, pervasive 3D coverage, double fiber optics capacity, 4D and LTE readiness, and overall quality and resiliency. The program will be rolled out nationwide within the next five years. Visit www.globe.com.ph for more information.

About American Express

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Since 1996, American Express has been pursuing a strategy of opening its merchant network and card product portfolio to third party issuers around the world. By leveraging its global infrastructure and the powerful appeal of the brand, American Express has gained even broader reach for its network worldwide. American Express has now established 139 partnerships in 155 markets across the world. Learn more at www.americanexpress.com/gns.

SOURCE Globe Telecom, Inc.