LBC was one of the first partner merchants of G-Cash. At the time of the launching of G-Cash in Oct 2004 (almost a year ago!), LBC purportedly accepted Cash-In transactions in some of its branches. I personally was never able to transact G-Cash at any LBC branch.
I found it odd that LBC was a partner merchant of G-Cash ultimately helping with the distribution of G-Cash remittances. I found it odd because LBC had its own remittance service dubbed something like moneygram.
Last month, I was sending a package and the LBC attendant was aggressively promoting a new service (or maybe new rate) for remittance services.
This month, things all fell into place. I asked an LBC staff whether they still transacted G-Cash. He said no. He said that none of the LBC branches transact G-Cash. LBC and G-Cash have had fallout.
What happened? The pot wasnâ€™t sweet enough, eh? Sayang, it could have been a complimentary service sana.
Now, things are back where they used to be. LBC delivers the senderâ€™s money (the same exact paper bills) to recipient. Isnâ€™t that sooooo inefficient? I wonder if LBC still has their AutoloadMax service. Or is it â€œaway na kung awayâ€?
Lastly, 2GO, an Aboitiz courier service, is now a partner merchant of G-Cash. But 2GO also has its own remittance service, too.
2GO is an asset to G-Cash because 2GO will deliver remittances upon request. An asset that isnâ€™t fully utilized, I might add. When I was at 2GO last month, they said they werenâ€™t handling many G-Cash transactions – around 2-3 G-Cash transactions that month.
I hope G-Cash doesnâ€™t lose its partnership with 2GO. Sweeten the pot! How? Use G-Cash to help 2GO handle its remittances. Help 2GO provide instant remittance from any two 2GO branches.
LBC has this kind service already where remittances are sent within a split second from one branch to another. No, they donâ€™t use G-Cash for this service.