Globe GCASH and Smart Money are the two available mobile money platforms in the Philippines. Here are the comparison between Globe GCASH and Smart Money in terms of registration, sending money, withdrawal, security and other features.
Transaction Method
- Most Globe GCASH trasactions are mostly SMS-based. Globe has GCASH menu but it has to be downloaded first.
- Most Smart Money transactions are done using the Smart Menu.
Smart Menu comes pre-installed with Smart Money Menu.
Registration/Sign-up Process
- To sign-up for Globe GCASH, all you need to do is register via text message. Once registered, you can already start using GCASH.
- To sign-up for Smart Money, you first need to register thru Smart Menu or SMS. Then apply for a Smart Money Mastercard at your nearest Smart Wireless Center and present a valid ID. It may take up to 7 days for the card to arrive. You cannot use Smart Money unless you get your card.
Applying for a Smart Money account can take up to seven days or more. Meanwhile, applying for GCASH only takes 5 minutes. No need to go to any Globe business center. No need to present a valid ID. But the only problem with GCASH is their easy sign up process. Because Globe doesn’t require any proof of identification upon sign up, the system can be easily manipulated by scammers by creating a fake GCASH account.
Account Number
- When you register for GCASH, your GCASH account number is your 10-digit mobile number.
- When you register for Smart Money, there are two account numbers you need to remember – your Smart Money account number and your 16-digit Smart Money Mastercard number. The 16-digit Smart Money Mastercard number will be used for making transactions.
By using Smart Money, giving away long account numbers can be quite confusing and difficult in making transactions. With GCASH, you only need to give your mobile number as your account number. It is not only easier to remember but the receipient can also be rest assured of the person they are transacting with.
Deposit/Cash In
- To deposit money in your GCASH wallet, you need to go to a Globe Business Center or any accredited GCASH partner and request to do a cash-in transaction. You need to present a valid ID.
- To deposit money in your Smart Money account, you need to go Over The Counter (OTC) at any Smart Wireless Center, BDO branch or any Smart Money accredited outlet.
Sending Money
- Sending money from your GCASH wallet to another GCASH wallet costs Php 2.50/transaction to be deducted from your predpaid/postpaid account. A confirmation message will be sent to both the sender and the receiver after a successful transaction.
- Sending money from your Smart Money account to another Smart Money account costs Php 2.50/transaction to be deducted from your predpaid/postpaid account. A confirmation message will be sent to both the sender and the receiver after a successful transaction.
ATM Card/Debit Card
- GCASH ATM card can only be used for withdrawing money from GCASH account. Applying for a GCASH ATM card costs Php 100.00
- Smart Money Mastercard is a debit card. Aside from withdrawing money, it can also be used to purchase at any store that accepts Mastercard, even online. Applying for a Smart Money Mastercard costs Php 120.00.
Smart Money Mastercard is more flexible than GCASH ATM. Smart Money Mastercard can be used for both purchasing and withdrawal. While GCASH ATM can only be used for withdrawal of funds.
Withdrawal/Cash Out
- To withdraw funds from GCASH account, visit your nearest Globe Business center or any accredited GCASH partner, request a cash-out transaction and present a valid ID. Some Globe Business Center may charge a fee. You can also use your GCASH ATM card to withdraw from any ATM nationwide. ATM withdrawal fee is Php 20.00.
- To withdraw funds from Smart Money, you can visit your nearest Smart Wireless center or use your Smart Money Mastercard to withdraw at any BDO ATMs nationwide. ATM withdrawal fee is Php 3.00.
With Smart Money Mastercard, you can withdraw funds from your Smart Money account for only Php 3.00 per withdrawal at any BDO ATMS nationwide. Smart obviously wins here.
Security
- GCASH has no security feature.
- Smart Money Mastercard has a lock feature that prevents your account from making online purchases when it is locked. So unlock your account only when you need to shop online. It auto-locks after 10 minutes. Unlocking fee is Php 2.50/unlock and will be deducted from your prepaid load/postpaid account
GCASH’s easy sign-up process has attracted a lot of users and now they have more subscribers than Smart Money. GCASH users has has no problem adopting to the SMS-based sending of money. But a lot don’t yet realize the advantage of using Smart Money. Smart Money’s long registration process can be quite confusing at first. But after registration, the rest of the transactions are hassle free. Starting from the simplicity of Smart Menu, the flexibility of Smart Money Mastercards, and the low cost withdrawal thru BDO ATMS, Smart offers more that GCASH.
Related posts:
- Smart Money – How to use Smart Money
- Linking Smart Money MasterCard to Paypal
- Globe GCASH – How to use GCASH
- Globe GCASH ATM card now available
- Mobile number prefixes (Globe, Smart, and Sun Cellular)
- Globe GTSOS and Smart SOS Emergency Load Service
- GCASH teams up with Boku for Mobile Payments
- BDO Mobile Banking on Smart (SMS-based)
- BPI Mobile Banking on Globe (SMS-based)
- BPI Mobile Banking on Smart (SMS-based)
A blog focused on SMS technology and how it facilitated the growth of text messaging and other 
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there something wrong with this article. you can use smart money even though without getting a smart money mastercard. just register via text or menu and you will automatically get your 16 digit smartmoney number, you can use this even though without the card. by claiming the cash, you will just present a text msg containing reference number to any smartmoney authorized centers. you can also use your 11 digit mobile number for transactions instead of 16 digit. But it is better to get your SMARTMoney Mastercard, it’s best to use by purchasing goods in any mastercard establishment and shop online, or book an airplane.
“..by claiming the cash, you will just present a text msg containing reference number to any smartmoney authorized centers.”
SOLARMark is correct about this.but please note that you can only do that process ONCE.the next time you go to the wireless center again,they will look for the card.
bytheway,i work at SMART. =)
“Globe has GCASH menu but it has to be downloaded first.”
You may need to update this.
I never downloaded anything; my Nokia phone already has the GCASH menu.
I think downloading the GCASH menu is advised only for those who are using Globe SIMs issued before Feb 2009. Downloading is similar to BPI Mobile Menu’s downloading instruction here http://news.txtbuff.com/bpi-mobile-banking-on-globe-sms-based/
You may also want to look at this site. http://jrocas.com.ph/archives/globe-gcash-menu-for-free/
hello po, ask ko lang po kung magkano ang pinaka mababa na pwede mong iLoad sa smart money card mo po sa smart center?? salamat !!
marlon 200 pero sa BDO kanalang mag lagay ng funds mo sa smartmoney but bring the smartmoney card..
ask ko lang po i want po kasi na mag deposit ng pera ko i want to ask kung maganda ba sa smartmoney mag deposit? at kahit ba milyon pwede ilagay or isave sa smart money? anu po ba pinagkaiba ng pag deposit sa bangko or sa smartmoney? ksi db BDO accredited naman ang smart money? anu po ba benifits pag sa bangko ako nag deposit?
Other thing, you may also opt to visit nearest Globe store to request for an updated simcard. this will cost u 50php. where the gcash menu is already part of globe simcard. ;) other thing, g cash card is more fashionable than smart money card. More sellers online requires gcash payment for it is more convenient.
@marcelo syempre hindi kaya mglagy ng millions sa mga card n ito. its always much better mag lagay ng pera s banko.
I prefer GCASH! Sa smart kurakot talaga, kelangan mo p ng personal load para makagamit ng smart money at makapag send ng load, unlike sa gcash napaka smooth ng transaction!
THE MAIN ADVANTAGE OF SMART MONEY OVER G-CASH, IS THE FACT THAT SMART-MONEY IS POWERED BY THE PARTNERSHIP OF BDO AND MASTERCARD-INTERNATIONAL, THATS WHY YOU CAN USE IT TO PURCHASE ONLINE OR OVER THE INTERNET, JUST LIKE ANY OTHER MASTERCARD CREDIT CARD-ALTHOUGH, ITS JUST A DEBIT CARD… I BOUGHT MY DOMAIN NAME http://WWW.SHOPBYCARDS.COM AND MY WEB-HOSTING USING MY SMART MONEY. BUT G-CASH CANNOT DO THAT.
ANOTHER GOOD THING ABOUT SMARTMONEY ESPECIALLY IN PURCHASING ONLINE, IS THE FACT THAT IT HAS A “LOCKING” SECURITY SA SMART-MOBILE PHONES MO, WHICH MEANS, NORMALLY, NKALOCK XA, UNLESS IN UNLOCK MO PAG MAY BABAYARAN KANA SA INTERNET THAT YOU WANT TO BUY. TAPOS ITS SAFE COZ, KAHIT MKALIMUTAN MO XA ILOCK, IT WILL LOCK BY ITSELF AFTER FEW MINUTES OF NO TRANSACTIONS, G CASH IS FAR WAY BEHIND SA SMART MONEY. WALANG PAGKAIBA ANG G-CASH SA GLOBE-BANKO,THEIR ONLY USE IS LOCALLY,NOT LIKE SMART MONEY VIST MY SITE TO KNOW MORE ALL ABOUT DEBIT CARDS THAT CAN BE USED TO BUY ONLINE AT….www.shopbycards.com
I would like to ask if bdo smart money gives refund once you’re scammed by an ebayer. what is the process? how do you get the information from the scammer? i believe we have a lot of employees from smart and bdo here.
Hi sainyo.
Ask ko lang po, pwede ba na kung magregister ako sa smart money, ilalagay/ireregister ko name ay sa name ng business ko instead of my name?
possible kaya ito?