fintech News

GCash leads in building a connected future

GCash, operated by Globe Fintech Innovations Inc. (Mynt), has taken a bolder step to bring its digital financial services closer to more Filipinos, aiming to marry the Filipino’s tech-savvy lifestyle and the growing need for financial inclusion.

GCash strives to bring its brand of service to everyone in the country as it continues to enable more Filipinos to participate in the digital economy.

GCash has made financial technology (fintech) services readily available for over more than 20 million Filipinos so far, and it continues to do so even for Smart, Sun, and TNT subscribers.

“Increasing enablement by adopting a telco agnostic strategy allows us to bring finance to all,” said Anthony Thomas, president, Mynt. “By providing quality service via our breakthrough technology and adapting to the changing consumer behavior, we are helping more and more Filipinos to have access to digital finance that was previously not available to them.”

Smart, Sun, and TNT subscribers have been enjoying the benefits of the GCash platform since late 2018, affording them access to a variety of digital finance tools including pioneering digital payments, remittances, credit, investments, and insurance, among many others.

The hassle and worry-free financial experience is available for all, regardless of their mobile networks.

“It’s not just about being able to provide an efficient experience with the GCash app, it’s about what we’re building. We have built an easy-to-navigate and reliable platform that is open for all, and we continue to innovate to provide more financial services especially to the unbanked and underbanked Filipinos,” Thomas said.

The GCash app democratizes the banking experience, as users nationwide can open savings accounts, not needing to worry about the numerous papers and the arduous process often required by formal banks. GCash also continues to make life easier for the Filipino by enabling bills payment with just a swipe on their mobile phones.

Another first in the country, the app has even partnered with local government units to introduce a cashless payment system for barangay fees, including expenses for local permits and certificates, IDs and clearances, with just a scan of their QR codes using the GCash app.

With more than half of the country’s population owning a smartphone, and only 31% maintaining a formal bank account, GCash seeks to synthesize the Filipino’s tech-savvy culture and the need for financial services.

As GCash continues to be a major architect of the country’s digital frontier, it remains at the forefront of promoting mobile money technology that is open for all, unlocking more opportunities for more Filipinos to manage their finances in the easiest, most inexpensive way.

GCash creates a space for the ordinary Filipino to be able to utilize available finance technology to the fullest. Being able to access services for credit and insurance through the GCash application is part of GCash’s vision: democratizing finance technology.

“Our goal is to provide a well-rounded service, and we want to bring finance to everyone. With the technology we have, we’re making some solid steps — steps that would make life much easier for Filipinos,” Thomas said.

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