Excelity Global, one of the largest Payroll providers in the Asia Pacific region, today announced launch of its collaboration with the Philippines' leading digital wallet company GCash. It offers the employers and the employees HCM services and disbursement of salaries and reimbursements in their GCash account. The combined technology of Excelity and GCash gives users a seamless experience from their payroll needs to disbursement of salaries and their shopping experience on the wallet market place with a single touch journey.
GCash in turn offers the employees added benefits such as promos, cash backs, discounts, access to wallet market place, shopping to financial services to loans, insurance, and more. Users have given a big thumbs-up to this as their payroll partner now is not limited to their professional arena (from payslip to attendance) but also beyond this and thus helping them fulfil their needs with a touch on their phone and giving them extended benefits from their digital wallet partner.
"With two out of three Filipinos unbanked, and with no formal access to credit, GCash offers solutions that gives the nation financial convenience, whether it's from simply buying load, to sending money anywhere in the Philippines, and even with shopping online or using QR codes. These features are directly integrated with Excelity's payroll clients through the GCash App and the GCash Mastercard," said Anthony Thomas, President and CEO of Mynt. "We're very happy that Excelity Global have partnered with us," he added. Mynt is the operating company of GCash.
GCash will also be offering Excelity's SaaS-based HR/Payroll platform to all their enterprise clients to enable the Payroll to Payout program extensively. Excelity's experience in serving 1.2 million employees per month will now become affordable to every SME in Philippines. Jeya Kumar, Executive Chairman, Excelity Global, said, "We have invested heavily in the technology to create an environment that is loved by the employers and employees. Last year, we launched cloud-based ExcelityHCM, which has received a very good response from the industry.
Now we intend to extend this experience further for users as the world moves from offline to online and move our focus from UX to EX. We and our partner, GCash, believe that this will disrupt how payroll has been done historically and not only for users but employers also tend to benefit from this as it adds to employee value proposition. Excelity Global is proud to be the first company in Asia Pacific to rollout a payroll to payout program. Kumar added that Excelity will now be rolling out their Payroll to Payout offering in Japan, Korea, Thailand, Hong Kong, Malaysia, Singapore, Indonesia and India in the next three quarters.
(With inputs from agencies.)