The joint venture, Gridline Africa, will be 50 percent equally owned by both EG and GXI.
Further, the agreement states that, separate from the JV, GXI will provide technical support, training and implementation as necessary to the existing communications companies currently in operation.
Mobile payments and transactions are a great opportunity for emerging economies like the Philippines to spur business growth," noted GXI
President and CEO Xavier Marzan.
Thus, we are excited to explore marketing collaborations with Asiasoft to grow gaming-related transactions and bring GCash at the forefront of eCommerce, said Xavier Marzan, president and CEO of GXI.
Globe said the collaboration was part of the memorandum of understanding with Asiasoft which Globe and GXI signed together with other members of the Singtel Group such as Singapore Telecommunications Limited (Singtel-Singapore), Advanced Info Service Public Co.
Joel De Vera, Country Head of Transaction Banking, Standard Chartered Philippines, said, "We are delighted to partner with GXI
to offer an innovative financial solution that allows corporates to pay individuals through their mobile wallet.
With this latest solution, GXI
will be able to deliver services faster and more efficiently, with a seamless customer experience across multiple touch points as well as improved analytics to view and manage their transactions.
Globe Telecom has joined hands with GXI
to form this strategic partnership with the Thai firm.
The partnership permits GCash, the mobile wallet of GXI
, to be used as a payment method at PlayPark game portal and mobile app checkouts through PlayMall, Asiasoft's single wallet platform.
In this role, Marzan succeeds Paolo Baltao, who resigned from GXI
develops solutions that harness the power of the Internet and Intranet and enable the deployment of true business-critical applications and services through the World Wide Web.
Globe Charge, introduced through Globe Telecom s wholly-owned subsidiary G-Xchange, the operator of GCash, is powered by GXI
s safe and secure platform.