January 10, 2025
PH economy resilient and set for growth amid challenges, says BDO Analyst
January 7, 2021
GCash in 2020 Catalyzing growth of the new digital economy
2020 has been a year full of challenges, with the world still reeling from the effects of the COVID-19 economically. In the Philippines, consumers have adjusted to the new normal by adopting, among others, fintech services to make their financial lifestyles more convenient and themselves safe against the pandemic.
Dedicated in its commitment
in democratizing payments, GCash, the undisputed leader and preferred mobile
wallet in the Philippines, shares how Filipinos have embraced digital finance
through a snapshot of its performance this year.
Over PHP 1 trillion in transactions have passed through the GCash app during 2020, peaking at a PHP 7.5 billion daily gross transaction value, and with more than 6 million transactions in a day. The mobile wallet company also grew its users to 33 million, a 65% growth versus last year.
GCash Forest, the mobile wallet’s multi-awarded, gamified solution in reducing the nation’s carbon footprint, has now over 6.7 million users actively collecting carbon points, which in turn can secure the users an actual tree to be planted in select forest sheds in the country.
“GCash has played an integral role in keeping not only the economy going this year, but keeping Filipinos safe and sane during the pandemic. We’ve seen not only heads of households and young adults use the GCash app for their financial lifestyle, but even consumers that advocate a greener Philippines, in maximizing what our platform has to offer,” said Martha Sazon, President and CEO of GCash.
GCash is also revolutionizing the way Filipinos handle their money. As of November 2020, 3 million GSave accounts have been opened, demonstrating how banking behavior is shifting from traditional physical branch visits, to simply transferring to a digital savings account. Lending is another example: Over PHP 8 billion have been extended to more than 900,000 Filipinos in need of funds through the app’s GCredit service, disrupting existing processes for loans in the country.
As a force for good, GCash users have donated more than PHP 40 million in 2020 alone as relief to those who have been affected by COVID-19 and the typhoons near the end of the year through the mobile wallet’s CSR initiative GCash for Good. Gone are the days where donations are only done through banks, with donors scanning deposit slips as proof of transactions. Once again, behavior has shifted from traditional to digital.
Shopping is another use case consumers have applied GCash to: this year alone, Filipinos spent over PHP 16 billion on popular online shopping sites such as Lazada and Shopee. Meanwhile, more than 600,000 merchants and social online sellers opened up shop during the pandemic with GCash as the primary mode of payment.
“Aside from regular financial transactions such as money transfer and bills payments, we’ve noticed shifting behaviors on how money and digital money is being used, namely on entertainment, savings, donations, and online shopping,” added Sazon, crediting the mobile wallet’s quick pivot on user needs to further expand financial inclusion in the country through digital transformation.
GCash is so pervasive in society that it’s becoming a verb: A Filipino on average mentions the word “GCash” on social media every second of every day in the country, not yet including other communication media such as personal conversations, texts, and emails. Memes have also popped up this holiday season, asking ninongs and ninangs to just send their aguinaldos using GCash.
The outlook of fintech indeed is bright in the country, especially now that the new normal is here. This year, the Bangko Sentral ng Pilipinas announced their Digital Transformation Roadmap, where the agency aims to shift at least 50 percent of retail payment transactions to digital, and to have at least 70 percent of Filipinos have their own e-wallet by 2023. GCash fully supports this endeavor, and is confident that it will be able to accelerate meeting this goal, as 1 in 3 Filipinos already have a GCash account.
Globe Fintech Innovations Inc. (Mynt), which operates GCash, is part of the portfolio companies of 917Ventures, the largest corporate incubator in the Philippines wholly-owned by Globe Telecom Inc.
GCash is available for download on the App Store and Google Play.
For more information, kindly visit
https://www.gcash.com/.
June 30, 2016
Smart Padala helps bolster PH economy as leader in mobile remittance industry; Launch of its new campaign with its new brand ambassador Angel Locsin
Orlando B. Vea, President and CEO of PayMaya Philippines and Voyager Innovations. |
“Opportunities in this industry remain huge as there is a still vast need to service the gaps for the unbanked and uncarded Filipinos. We are sustaining Smart Padala’s momentum as the leading mobile remittance service in the country through our new brand campaign, more pervasive on-ground presence with our flagship stores, enhanced services, more partnerships and inclusive innovations. Through these efforts, we hope to drive financial inclusion as we also grow our business,” said Orlando B. Vea, president and CEO of PayMaya Philippines and Voyager Innovations.
Angel Locsin, Smart Padala brand ambassador |
Benjie Fernandez, co-COO of PayMaya Philippines and COO of Voyager Innovations |
“Underlying this campaign is our commitment to provide financially inclusive services, a mission that remains unchanged since we launched the brand ten years ago. What has further grown is the increasing use case of mobile as a tool for socio-economic progress. From just being a tool for communications, the use of mobile for financial services is helping individuals, families, businesses and communities," said Benjie Fernandez, co-COO of PayMaya Philippines and COO of Voyager Innovations.
“PayMaya Philippines continues to take an active role in accelerating financial inclusion in the Philippines through inclusive innovations. We have transitioned from a SIM-based, telco-based platform to an app-enabled, over-the-top digital platform to serve more users, with an eye not just in the Philippine market but beyond,” said Paolo Azzola, Managing Director and co-COO of PayMaya Philippines.
January 23, 2015
Fly Singapore Airlines and SilkAir to enjoy a suite of unparalleled travel experience at Exceptional All-In Fares
Exclusive to BPI Credit Cardholders, Globe Platinum and Globe Blue Customers, Glorietta, Ayala Center Cebu and Abreeza Mall Davao Shoppers and KrisFlyer Members, SIA and SilkAir are offering exceptional, all-inclusive fares to Singapore as well as a host of destinations around the world.
These promotional fares are for sale until 28 February 2015 and for travel from 1 February to 31 December 2015.
Featuring the exclusive Singapore Airlines Suites product, the Singapore Airlines Showcase and Travel Fair will be held at the Glorietta Activity Center, Palm Drive, Makati City while the SilkAir Travel Fair will take place at Ayala Center Cebu.
There will also be a SilkAir booth at Abreeza Mall Davao.
At these fairs, customers will be able to book flights at the aforementioned promotional fares. Customers who purchase itineraries beyond Singapore at these travel fairs or at Singapore Airlines and SilkAir ticket offices from 6 – 8 February can also redeem a complimentary SGD20 Changi Dollar Voucher, with no minimum spend required, that can be used at participating shops at Singapore Changi Airport.
To make payments more convenient, BPI is offering a Real 0% special installment plan of up to six months. Glorietta, Ayala Center Cebu and Abreeza Mall shoppers may also avail of the exceptional all-in fares by simply showing proofs of purchase worth P 1,000.00 single or accumulated from 21 January to 28 February.
Every PHP 1, 000-receipt can purchase one ticket. Globe Platinum and Blue customers can also avail of these fares by showing their cards.
January 11, 2014
Manila, the 4th most preferred city for surveys in Asia Pacific – ULI and PwC report
March 26, 2013
Cost-Efficient and Durable Fujidenzo's Upright Chiller
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SUD-220A |
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SU-40A |
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SU-30A |
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SUP-140 AQC |
October 12, 2012
“Galing ng Pinoy” - 11th Filipino Franchise Show , October 12-14, 2012
- To create a venue by which the advancement of members’ business interests and aspirations can be addressed.
- To establish a code of ethics that will guide and police every member’s franchising and business operations.
- To represent the interests if Filipino businesses, particularly in government fora.
- To map out salient components of local franchising operations in various industries that would serve as blueprints/guides for would-be franchisers.
- To establish a quality seal guaranteeing professional franchising methods and operations.
- To mobilize the promotion of Filipino products and services so as to achieve success for local business.
- To advance franchising education programs most relevant to Filipino culture.