In a collaboration aiming to save people from the hassle of long queues, Coins.ph, the leading digital wallet and mobile payments app in the Philippines – and contactless payment provider, beep™ card, launched a new function in the coins.ph app that lets commuters reload their tap-and-go beep™ cards using NFC-enabled Android smartphones.
The new function enables commuters to easily and quickly load their beep™ card in seconds with funds from their Coins.ph digital wallet by simply tapping the card on their phones. Coins.ph digital wallets can be funded in over 33,000 locations nationwide.
To enjoy the new service, users simply have to download the latest Coins.ph app in the Google Play Store and register or log in to their account. They can load as little as PhP10 on their beep™ card, with no extra fee.
As beep™ card’s first app-based reloading partner, Coins.ph brings with it the convenience of loading any beep™ card, anytime, anywhere. The partnership is directly driving the adoption of cashless payments in the Philippines. It is also expected to inspire enterprising individuals to earn additional income by providing beep™ card loading services to the more than 4 million beep™ cardholders to date.
“Coins.ph provides beep™ cardholders the ability to load their cards anytime, anywhere just by tapping their card on their smartphone. This added convenience means no more falling in line to add load during the busy rush hour.” said Peter Maher, President and CEO of AF Payments Inc.
Catalytic step
Coins.ph, licensed by the Bangko Sentral ng Pilipinas (BSP) as an electronic money issuer and remittance and transfer company, aims to foster financial inclusion and promote mobile payments in the Philippines.
Having already reached 4 million customers, Coins.ph allows everyone, including unbanked and underbanked customers to store value in their Coins.ph wallets, send money to family and friends, pay their bills, buy load and make payments across the Philippines directly from their phone.
“Each day, nearly 2 million Filipinos are forced to wait in long lines to top up their beep™ cards with cash,” said Ron Hose, CEO of Coins.ph. “With this collaboration, beep™ cardholders can seamlessly use Coins.ph to load their cards with their phones and make payments anywhere beep™ is accepted. This solution represents a catalytic step forward in a vision that we share with the Bangko Sentral ng Pilipinas of forging an advanced digital economy by 2020.”
The beep™ card technology modernized payments in the transportation sector in greater Manila, before moving on to retail and lifestyle. It is accepted in all three elevated railways (LRT 1, LRT 2, and MRT 3), select bus lines, at CAVITEX and NLEX, and in select Family Mart, Robinsons Movieworld, and Wendy’s branches. It is reloadable and valid for four years.