Friendster Can Carry Money for Your Friends
Friendster, a leading social network in Asia, has launched support for
users in the Philippines and abroad to send and receive money on
Friendster. Globe Telecom will partner Friendster for money transfer
through its subsidiary G-Xchange (GXI) and their GCASH mobile commerce
platform.
Friendster is claimed to be the first major social network to enable
money transfer via partner platforms. Users can utilize this new feature
to send and receive money from family, friends, and business associates.
Recently,
Friendster also added support for Tagalog,
a language in the Philippines.
"By
enabling online money transfer, we've made it significantly easier for
users in the Philippines and their family and friends all over the world
to securely send money easily, affordably and quickly," said David
Jones, vice president of global marketing at Friendster.
Here’s
how it works. From the Friendster web site, to initiate the process of
sending money to another user, a user simply associates their Friendster
account with their GCASH mobile phone number. Users can send money to
any other Friendster user who is also a GCASH subscriber, where the
transaction is securely completed using SMS text messages from the
authorized mobile phone and the mobile PIN provided by the owner.
Friendster users with a Globe mobile number can begin sending money by
registering their mobile number on the Friendster mobile registration
page. To send or receive GCASH, users must also enable their mobile
number by registering for the GCASH service on their phones.
Once a
mobile number is registered and enabled, users can send money to anyone
in their friends list by viewing the profile of the intended recipient
and clicking the "Send GCASH" button.
Users
then enter the amount of money to transfer which initiates a
confirmation SMS text message to appear on the sender's mobile phone.
The sender confirms the money transfer using their mobile PIN. This
confirmation process ensures that only the owner of the GCASH account
can authorize the funds transfer.
After
the text message confirmation is received from the sender, money is
transferred to the recipient's mobile phone GCASH account, completing
the transaction. Transaction fees are P2.50 per transaction for Globe
subscribers.
