GCash now has a new version designed for minors aged 7 to 17 years old called GCash Jr., allowing them to access digital financial services and promos.
Currently, GCash is only available for customers aged 18 years and above. GCash Jr., on the other hand, is available for 7 to 17 years old. GCash aims to let minors learn how to be financially aware and responsible at an early age while giving them access to features such as online payments and Pay QR for their K-Pop merchandise, buying load for their gaming credits and skins, and GLife for food deals and the latest fashion trends.
GCash Jr. e-wallets have a limit of PHP 50,000USD 852INR 72,230EUR 812CNY 6,205 and a PHP 10,000USD 170INR 14,446EUR 162CNY 1,241 limit for daily incoming and outgoing transactions.
Similar to regular GCash accounts, GCash Jr. follows a stringent KYC (Know-your-customer) process. Minors just need to submit a photo of any of the following IDs: student ID, passport, or national ID. Their parents will also be required to input their fully verified GCash account for reference and will be asked to take a selfie with the ID submitted by their child. GCash Jr. users are also required to submit a photo of their birth certificate. Upon submission of all the requirements, users will receive SMS confirmation as fully verified GCash Jr. users.
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
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Don says:
Can’t install it in the iPhone since the GCash app is available for ages 17+ only.