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Friendster has just introduced an Online Money Transfer feature into their social networking site. Powered by Globe GCash, friends will be able to send and receive money with a single click from their Friendster Profile.
Friendster users will still need to be a Globe or TM user in order to process money remittances on Friendster.
GXI and Friendster introduced the online money transfer feature to provide a more convenient and reliable way of transferring GCash within Friendster. For just a minimal amount of P2.50 per transaction, a Friendster member can already send GCash to anyone in his friends list by simply viewing the profile of the intended recipient and clicking the GCash button after specifying the amount involved.
To ensure the security and authenticity of the funds transfer, a confirmation request is forwarded to the sender’s Globe or TM SIM then GCash is transferred as simple as a text message. Money remittances will still be charged the normal Php2.50USD 0.04INR 4EUR 0.04CNY 0.31 GCash transaction fee.
This move could help Friendster position itself as a micro-ecommerce platform, the same way Multiply has evolved among Filipino users.
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Milo says:
Do they have reports/archive/log within their friendster account? It’s going to take time before people start trusting this system.
Andre Marcelo-Tanner says:
why?
karlj says:
smart ako… can’t use this feature… hehhehe
jox says:
send me some money ill post a comment for you..aheheheh
Alex says:
The Show for Load business just got a new payment provider :).
Pink says:
Uyy.. Yugger 5 profile views.. haha! Ü
Angelo Panares says:
am still thinking if this is a good or bad thing for social networking as a whole and friendster specifically.
I still think friendster is way behind facebook in terms of usability, speed, fulfillment and user experience.
Maybe friendster take some pointers from FB and innovate :)
BrianB says:
Abe, la nang balita sa lay-offs sa call centers?
deuts says:
With so many friendster accounts being hacked (do you have a friendster account? try to look at your profile page), I don’t think it can trust into this system. Accounts are hacked with no money involved, what more if there are cash (or G-cash for that matter) now.
Abe Olandres says:
@Milo – just got a call from Globe GCash Product Manager and she told me all transactions will still be centralized to your Globe SIM (in terms of transaction logging, etc.).