University of San Carlos - Downtown Campus

School of Business and Economics

THE USE OF GCASH AS AN ADDITIONAL MODE OF

PAYMENT FOR THE CANTEEN STALLS

In requirements of GE-MMW (Mathematics in Modern World)

IAP Submission

Submitted by:
Atto, Mae Ann B.
Carter, Terrel Janus
De Guia, Fern Anne Cassandra P.
Fernandez, Cliff David D.
Mabanto, Rhyle Emmanuel
Marimon, Ma. Etienne Therese M.

Submitted to:
Mrs. Jovita Ravina

May 2023
I. INTRODUCTION
​The COVID-19 pandemic has sparked a change in mindset. When the country enacted

health and social-distancing protocols, it gave the required impetus for more users – individuals,

enterprises, and the government – to embrace digital payments. Digital payments are made

through the use of E-wallets (Ratten, 2021). An E-wallet is also known as a digital wallet, is a

software application that uses electronic devices such as computers or mobile devices for online

transactions (Uduji, 2018). Furthermore, in accordance with the BSP data, many Filipinos were

adopting e-wallet or e-payment systems compared to credit cards in 2018. Without physical cash

and credit card, Systems such as GCash and PayMaya have become the common option for

Filipinos to do digital financial transactions (Zoleta, 2021).

Despite the recent growth of the electronic payment (e-payment) industry, cash transactions

still dominate in the Philippines. The country's low bank population is one factor driving its slow

growth rate (Remo, 2018).

E-payment systems in the Philippines mostly do not require a bank account and can be

easily accessible using mobile phones. Systems such as GCash and PayMaya make it easier for

Filipinos to use digital payment platforms. With the Eliminated requirement of bank accounts,

e-payment systems have a strong potential in a low bank country like The Philippines (Raon, et.

al., 2021).

According to the Visa Consumer Payment Attitudes Study 2018. Almost 69 per cent of

Filipinos believe they can go cashless for a day, while roughly 52 per cent believe that they can

use only electronic payments for up to three days. The survey also showed that 70 per cent of

respondents have gone cashless for at least a few days (Visa, 2018).
 Studies have shown that 86.2% of people are more likely to spend money if a vendor

accepts GCash as a form of payment. This evidence demonstrates the feasibility of implementing

GCash in your school canteen, as it can attract more customers and increase sales.

Apart from the benefits of convenience and security, using GCash in the lunchroom can

also promote financial literacy among students. By learning how to manage and budget their

accounts, they can gain important skills that will prepare them for future financial responsibilities.

This can help them develop a more responsible attitude towards money, which can lead to better

financial decisions in the long run.

GCash can also bring greater efficiency to the lunchroom, as it eliminates the need for cash

transactions. This can significantly reduce transaction times and shorten lines, allowing students

and staff to get their meals quickly and efficiently. Additionally, GCash can provide an added

layer of safety and security, as it eliminates the need to carry cash, which can be lost or stolen.

GCash also uses various security measures to protect user transactions, which can provide peace

of mind for both vendors and customers.

According to studies, students are more likely to purchase items from vendors who accept

GCash, which can increase sales and revenue for the lunchroom. The transition to GCash can also

attract more customers, as it provides a modern and convenient payment option that is becoming

increasingly popular among younger generations

In summary, implementing GCash as a form of payment in the lunchroom can provide

numerous benefits, including increased efficiency, security, and financial literacy. By providing a

modern and convenient payment option, your school canteen can attract more customers and

increase sales, while also preparing students for future financial responsibilities.
II. OBJECTIVES

Statement of the Problem

The main objective of this study is to determine the benefits of using Gcash as an additional mode

of payment for the canteen stalls and how effective Gcash is at handling canteen transactions. In

particular, digital payment methods continue to grow in popularity. Thus, it is necessary to assess

the efficacy of adding Gcash as an extra payment option for canteen stalls.

This study aims to further address the following:

1.The feasibility of using Gcash as an additional payment option for canteen stalls.

2. The perceived benefits of implementing Gcash as a mode of payment in the canteen stalls.

3. The efficiency of using Gcash as a payment option in the canteen stalls.

4. The impact of adding Gcash as a payment option on the sales and revenue of the canteen stalls.
III. PRESENTATION

Table 1 : Comparison between General use of Gcash vc Canteen Use of Gcash

This is a bar chart that shows a comparison between the use of Gcash for general purposes and the use of

Gcash in purchasing products in the canteen

 Table 2 : Data of students who have used Gcash in the canteen

This is a pie chart that shows how many students who have used gcash in purchasing items in the
canteen stalls

Table 3 : Having gcash as an additional mode of payment to attract customers

This is a pie chart shows the data of students who believe that having gcash as an additional mode of
payment will attract more customers for the canteen stalls
 Table 4 : Having gcash will raise revenues and sales of the canteen stalls

This is a pie chart that shows the data of students who believe that having gcash as an additional
mode of payment will possibly raise the revenue of sales as.

Table 5 : Students who are in favor of having gcash as an additional mode of payment

This is a pie chart that shows the data of students who are in favor of having gcash as an additional
mode of payment..
IV. DISCUSSION

The data shown in Table 1 presents a breakdown between the comparison of General use

of and canteen use of Gcash. The researchers have created appropriate questions that may answer

the objective. When students were asked “How often do you use Gcash”, 30.8% of the

respondents answered in the scale of 4 about the question. 26.2% of the respondents answered on

the scale of 3. 21.5% of the respondents answered on the scale of 2. 16.9% of the respondents

answered on the scale of 5, while 4.6% of the respondents answered 1. The figure below showed

the partition of the said data.

Table 2 presents a data breakdown of different uses of Gcash in the canteen. When asked

“Have you used Gcash as a mode of payments for the canteen stalls before”, 66.2% of the

respondents have answered “No” while 33.8% have answered “Yes”. Majority of the students did

not use it as a mode of payment for the canteen stalls before.

The data shown in Table 3 is a cost comparison of the different implementations of

Gcash. When asked “Do you think implementing GCash as a mode of payment will attract more

customers to the canteen stalls”, 86.2% of the respondents have answered “Yes” while 13.8%

have answered “ No”. Majority of the students are attracted to implement it as a mode of payment

for the canteen stalls.

Table 4 showed the different purchases using Gcash to raise the canteen sales. When

asked “Do you think customers and students would be more likely to make purchases at the

canteen stalls if GCash is available as a mode of payment”, 90.8% of the respondents answered

“Yes” while 9.2% answered “No”. Majority of the students are attracted to purchase the

availability as a mode of payment.

 In the said Table 5 of the different voting of students in Gcash as an additional payment .

When asked “Would you like GCash to be an additional mode of payment in canteen stalls”,

96.9% of the respondents answered “Yes” while 3.1% answered “ No”. Majority of the students

liked GCash to be an additional mode of payment.

V. SUMMARY AND FINDINGS

These findings of the study were summarized according to the statement of the problem:

1. To determine the feasibility of using Gcash as an additional payment option for canteen stalls.

Based on the data collected, in Table 1, 47.7% of the respondents use gcash often in their

everyday lives. While in Figure 1, 66.2% of the respondents have used Gcash as a mode of

payment for the canteen stalls. The data shows that integrating GCash as an additional payment

option for canteen stalls is feasible.

2. To determine the perceived benefits of implementing Gcash as a mode of payment in the

canteen stalls

.By minimizing the reliance on cash, the risk of errors, theft, or loss during transactions

can be significantly reduced, resulting in potential cost savings for the canteen management. With

reduced cash transactions, the canteen stall operators can save time in counting and reconciling

cash at the end of the day, leading to increased efficiency.

3. To determine the efficiency of using Gcash as a payment option in the canteen stalls.

Based on the data allocated in figure 2, 43.1 % of the respondents would often use Gcash

as a mode of payment. It is evident that providing GCash as a payment option in canteen stalls

significantly improves efficiency because customers appreciated the option to make payments
 using their smartphones, eliminating the need for the customer to look for smaller bills if the store

has no change for big bills.

4. To determine the impact of adding Gcash as a payment option on the sales and revenue of the

canteen stalls.

Based on the data gathered, in figure 4, A majority of the surveyed canteen customers

(96.9%) expressed interest in using GCash as an additional payment method. The convenience of

mobile payments was identified as the primary driver for customer adoption, allowing for faster

transactions and reducing the need for cash handling. Based on the data collected, in figure 3,

90.8% of the respondents would likely make more purchases from the canteen stalls. Thus, by

providing as GCash an option, canteen stalls can attract more customers because GCash is widely

used and accepted, making it easier for individuals who prefer cashless transactions to patronize

the canteen stalls

VI. REFERENCES

[1] Ratten, V. (2021). COVID‐19 and entrepreneurship: Future research directions. Strategic

Change, 30(2), 91-98.

[2] Uduji, J. I., Okolo‐Obasi, E. N., &Asongu, S. A. (2019). The impact of e‐wallet on informal

farm entrepreneurship development in rural Nigeria. The Electronic Journal of Information

Systems in Developing Countries, 85(3), e12066.

[3] Zoleta, V. (2021, April 10). [Battle of the Brands] PayMaya vs GCash: Which Mobile Wallet

App is Right for You? Moneymax. <https:// www.moneymax.ph/personal-finance/articles/

paymaya-vs-gcash>
[4] Raon, C. J. B., De Leon, M. V., & Dui, R. (2021). Adoption of E-Payment Systems in the

Philippines.

[5] Remo, A. R. (2018). E-payment gains ground. Inquirer.net. <https://business.inquirer.

net/262641/epayment-gains-ground>