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Friday, March 29, 2024

2Go Travel taps Globe solution to facilitate mobile phone payments

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Shipping company 2Go Travel said Friday it teamed up with a subsidiary of Globe Telecom to enable customers to pay using mobile phones as point-of-sale units.

2Go Travel said it tapped Globe Business, the enterprise ICT arm of Globe Telecom, to acquire Globe Charge, an innovative solution that transforms mobile phones into point-of-sale card terminals that accept debit and credit card payments.

Globe Charge harnesses the integration of a smartphone and an innovative mobile card reader into a mobile point-of-sale unit, empowering enterprise and small and medium enterprises customers with a convenient payment device and eliminating the need for traditional and more expensive card terminals.

With Globe Charge, 2Go Travel can now accept credit card payments from customers, further growing its customer base, increasing its revenues, and sustaining its position in the market as an innovative company which constantly seeks to provide efficient and hassle-free service. 

“Globe Business really is a great partner for us,” 2Go Travel senior vice president Stephen Tagud said.

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“We want to make traveling as smooth as possible for our customers and with Globe Charge, this makes payments options much easier and more accessible for a lot of them,” he said.

Globe Business senior advisory for enterprise and IT enabled services group Mike Frausing thanked 2Go Travel for the trust and confidence in Globe for expanding payment capabilities through Globe Charge. 

“As the leading ICT enabler in the Philippines, Globe Business provides customers with the right technology, infrastructure, and know-how to help them focus on their business,” Frausing said.

Globe saw its net income jump 23 percent in 2015 to P16.5 billion from P13.4 billion it booked in 2014.

The growth in profit was supported by one-time gains coming from the sale of a 51-percent equity stake in Yondu Inc. and the acquisition of a 98.6-percent stake in Bayan Telecommunications Inc. 

Globe’s core net income, which excludes the impact of non-recurring charges, including one-time gains and accelerated depreciation charges, foreign exchange and mark-to-market charges, also grew 4 percent to P15.1 billion from P14.5 billion in 2014.

Excluding Bayan’s results, Globe’s net income and core net income jumped 22 percent and 5 percent, respectively from 2014, the company said.

Globe said it recorded consolidated service revenues of P113.7 billion last year, or 15 percent higher than the previous record of P99 billion in 2014.

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