Bancnet ATM to G-Cash
February 6th, 2006 | by ka edong |BANCNET ATM users can now use the ATM to get G-Cash.
I gathered this from a print ad on Inquirer:
If you have an account with any BancNet-member bank, just visit any BANCNET ATM
1. Select option to do fund transfer to Asia United Bank/G-Cash.
2. Key in your 11-digit mobile number when asked for the destination account number.
3. Once the transaction is completed, you will receive a text confirmation. Regular BancNet IBFT transaction fee will apply.
There’s another brick laid in our m-commerce infrastructure.
I’ve written about ATM-to-G-Cash in a previous Edong’s Dreams article. It’s about time they came out with this service.
But why did they partner-up with a small Asia United Bank?
What I don’t understand is why BPI hasn’t lent its ATM network to G-Cash for ATM-to-G-Cash transactions considering that both Globe and BPI are Ayala companies.
ka edong
brick game watching
13 Responses to “Bancnet ATM to G-Cash”
By Migs on Feb 7, 2006 | Reply
It’s probably because a small bank like AUB moves faster than large BPI.
By ka edong on Feb 7, 2006 | Reply
perhaps … But how fast does G-Cash need a bank to be fast? G-Cash is 1 year and 4 months old! Can’t BPI pull-off something in such a long time?
ka edong
im patiente
By Migs on Feb 7, 2006 | Reply
BPI moves slowly, like a government office.
By ka edong on Feb 8, 2006 | Reply
I don’t know about BPI’s sloth-ness.
But I perceive BPI as innovative. See all their electronic services: phone banking, mobile banking, online banking. And the way they use their ATMs (you can change your PIN via ATM, activate phone banking via ATM).
They have a learning center in parksquare I in makati.
I still don’t think it’s mere slowness of BPI that has prevented G-Cash dispensing via BPI ATMs. I think it’s a more “political” reason.
ka edong
pulitikal analeast
By chris on Feb 8, 2006 | Reply
Hi, what are the possibilities of G-Cash to ATM happening? Thanks.
By ka edong on Feb 8, 2006 | Reply
Good question, Chris! I like it when people imagine things that *could* be!
If we take a line from Globe advertisements, they can answer: “POSIBLE!”
When you say G-Cash to ATM, what I imagine is:
Is that what you had in mind, chris?
That’s largely ideal and there are too many security and connectivity issues to make this happen.
What’s nice about it is it increases the points-of-cash-out for G-Cash.
What I see is G-Cash to bank account. Then the owner of the bank account can withdraw it using the bank account’s ATM card.
By borloloy on Mar 11, 2006 | Reply
what about ATMs dispensing electronic load? taht would be a good idea
By ka edong on Mar 11, 2006 | Reply
hi borloloy,
That’s currently available. BPI can load Globe phones.
I’m sure there are other banks that provide this service too.
By nox on Mar 13, 2006 | Reply
I guess its just the way most banks are. Afraid of getting wired with the public network. G-Cash to ATM or vice versa would require some *opening* somewhere out there.
nox
beneath the pale moon light
By ka edong on Mar 14, 2006 | Reply
Yup yup.
Think of it as opening + widening the network, just as BancNet and MegaLink widened the reach of individual banks that had just a few ATMs back then.
ka edong
someone’s thinking of me …
By aldrin on Oct 18, 2007 | Reply
it’s good that we can load g-cash through bancnet atm.it is another break through in e-commerce.
By carlita on Dec 17, 2007 | Reply
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By fed up by dash on Jan 19, 2008 | Reply
You it’s already been so many years that GCASH has been used by practically most people. Hey! Can anybody in everyone’s computer that would develop a system changing G-CASH to GCASH without a dash! Oh God. Yes, blame G-PASS!