Stressing over that next payment? Find out Liza Soberano’s daily hacks with GCash

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Pay bills on time all the time, go shopping online, and even pay in installments without a credit card!

It’s a consensus – we’ve all gone through a trying year, but with a few weeks left before we say goodbye to 2021, we live for the bright spots that give life an extra oomph. And when everyday looks like a giant to-do list, GCash makes running errands a lot easier and paying for practically anything a lot simpler for over 50 million users to date.

Of course, who better than it-girl and go-getter Liza Soberano to show how to get things done throughout the day with just a few taps on the GCash app? After the raging success of hit Netflix show “Trese”, Liza keeps the ball rolling with booking even more projects and deals. Life for Liza definitely doesn’t stop moving, and with so much going on, who has time to line up for anything? And with every transaction safe and secure on GCash, using the app to pay for bills and purchases will always be a breeze.

With Liza going cashless for all her needs and little luxuries whether online, in-store or on-the-go, here’s how you too can experience why #LifeisG with GCash:

Pay anywhere

New and exciting stores have popped up all over the country. With over 3.5 million merchants nationwide plus 10,000 online merchant partners, #LifeisG because you’re sure to find anything you’re looking for! All you need is your phone and your GCash account and you can treat yourself in just a few taps. For add-to-cart aficionados, check out with GCash at Lazada, Shopee, Zalora, and a lot more. Support local vendors or score unique finds from anywhere in the Philippines. With Send Money, you can send your payment to any merchant wherever they are in the country. All you have to do is wait for your pack

Pay & Go

Gotta go to a store nearby? Whether you’re craving for your daily milk tea fix, prepping for your next meeting #OOTD, or eyeing that newly-released smartphone, #LifeisG because you can always pay with GCash for whatever you need. If you’re out and about, just look for Pay QR on your GCash app to scan the merchant’s QR code and instantly pay for your purchase. The best part? You can get extra treats with deals, freebies and promos when you pay with GCash.

Pay anytime

Did you forget to settle that water bill? Or do you just not want to spend an hour in line at the bank? With Pay Bills, you can pay for utilities, internet, credit cards, real estate, plane tickets, even government transactions without the hassle of lining up, enrolling accounts, or tedious paperwork. Whether you do it at the very last minute or pay way in advance, never miss a bill ever again because #LifeisG when you enjoy the convenience of getting everything done with a few simple taps.

Shop now, Pay later

Sometimes, we just need a little help with our purchases. Maybe it’s petsa-de-peligro, or that new sofa just costs a little too much. But with GCredit, #LifeisG because you can still get that home makeover done while you save up a little bit more. Shop with GCash and enjoy the perks of paying later even without a credit card.

When you go cashless, you don’t have to deal with waiting times, the risk of going out during a pandemic, or hidden transaction fees ever again. Liza Soberano already knows why #LifeisG with GCash, so if you don’t have it app yet, this is your sign to download the GCash app via the App Store or Google Play. Register your account and get to checkout and pay with GCash!

Wanna know exactly how Liza makes the most out of her day with GCash? 

Check out the world of GCash here: https://www.youtube.com/watch?v=Qa3z5-_2y-E

GCash launches QR on Demand, the newest way to transfer money

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GCash, the undisputed leader and preferred mobile wallet in the Philippines, launches QR on Demand, a new money transfer feature that allows for more security and convenience for its users, letting them send and receive money using their own personal QR.

 

QR on Demand’s Send via QR lets its users scan or upload another customer’s QR code, so users are assured that they’re sending money to the correct person. This also eliminates the process of having to enter a mobile number manually, making the process of sending money faster, and avoids money incorrectly sent to wrong numbers.

 

Receive via QR on the other hand allows customers to generate their own personal QR code that can be scanned by other users or uploaded to the app to send money to. This is even more secure since it doesn’t divulge a customer’s GCash number publicly, and doesn’t expire so other users can use the same QR code to send money multiple times. Fully verified GCash users can also assign a peso value to the code itself so that a certain amount will be auto-generated every time the code is scanned, assuring customers of exact payments for every transaction.

 

Sending and receiving money via QR also protects users against the pandemic, a phenomenon that continues to impair both Filipino citizens and the Philippine economy even in 2021. Just last year, GCash enabled over half a million social sellers to continue doing business transactions online using GCash.

 

“GCash continues to innovate for better means of transferring money and better customer experience, while at the same time keeping Filipinos safer and more secure in this highly digital world,” said Martha Sazon, President and CEO of GCash. 

 

“Aside from money transfers, the new QR on Demand feature can also be used by enterprising citizens in conducting informal businesses,” she added.

 

GCash has pioneered the use of QR codes for payments in the country. In 2017, it launched the GCash QR feature which allowed users to scan a merchant’s QR code and pay cashless. It worked by using the user’s smartphone camera to scan a GCash Partner Merchant’s QR code, and was deployed in major areas such as malls, and to even smaller vendor partners, such as sari-sari stores, fishball vendors, and sorbetes vendors. Learnings from this previous feature are translated and combined with its Send Money service, ensuring for a fast and seamless customer experience.

 

GCash is constantly pushing for the adoption of cashless payments as it supports the Bangko Sentral ng Pilipinas’ 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.

 

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/

GCash in 2020 Catalyzing growth of the new digital economy

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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/.

 

Top 5 Christmas gift ideas you can give via the GCash App

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This 2020 holiday season is unique because of the pandemic, community quarantines and lack of opportunities to socialize with family and friends. So it’s no surprise that consumers will find other ways to give gifts -- or even give non-conventional gifts -- for Christmas.

GCash, the undisputed leader and preferred mobile wallet in the Philippines, suggests that Filipinos go for digital gifts readily available within the GCash app for Christmas. This is not only very practical and usable, but will also keep consumers safe from the pandemic by being contactless.

“This holiday season is the first in recent history where some friends and families won’t be able to see each other because of the pandemic, preventing much needed social interaction. However, through fintech, we can still make our loved ones feel the Christmas spirit. This is possible with GCash,” said Martha Sazon, President and CEO of GCash.

Here are some top recommendations users can check out for a Merry GCash Christmas:

Gift idea #1. Send aguinaldo to your inaanaks, family, and loved ones!

Physical aguinaldos on envelopes are a thing of the past. Go digital with GCash instead! Just navigate to the Send Money section of the GCash app, select Send Pamasko, and add the numbers of the recipients and the aguinaldo amounts you’re going to give them!

Users also have the option to customize their Send Pamasko through a variety of digital envelopes, and even add a holiday message to it, too! It will save everyone a lot of time and effort, plus your younger pamangkins and inaanaks will appreciate it more since it’s digital (because they’re the digital generation) with a dedication.

Gift idea #2. Gift prepaid load to others, and get the chance to win back load for yourself!

Sure, prepaid load isn’t something one thinks of immediately when it comes to Christmas gifts, but in this weird time of being contactless, having prepaid load is a key way to stay connected with family, friends, and loved ones.

Great thing is that GCash is also holding a promo this holiday season where you can win back the load you purchase.

Every regular, combo, or broadband load you purchase using the GCash app entitles you to one digital scratch card where you get a chance to win up to 100% of the load you bought back! Just enter the mobile number you used to purchase, and the transaction reference number you received from 2882 on www.load2win.com!

Gift idea #3. Getting your loved ones insurance is a great gift this Christmas

We have heard a lot of unfortunate stories about one’s health and well-being this year, especially relating to illnesses. That’s why having your friends, family, or loved ones insured is something that they will appreciate, knowing well that they can have something to fall back to regarding their health.

Powered by Singlife, GCash is offering medical coverage against dengue for as low as PHP 300 a year! The first 10,000 customers will also get free COVID-19 coverage when they avail.

If you want to have your immediate family protected with this gift, simply just log-in to the GCash app and go to GInsure. If you want to have your friends and extended family covered with insurance as well, you can use Send Pamasko and use the customized Singlife digital envelope to make sure they use it for purchasing insurance!

Gift idea #4. Pay someone’s bill for the gift of peace of mind

The pandemic has brought people to their knees physically, emotionally, and financially. If you have someone close to you that you know has been experiencing troubles and catching up with their monthly dues, why not pay it for them as a gift? Not only will they thank you for it for their peace of mind (imagine not having electricity for December because they weren’t able to pay their bill) , you’ll also buy them more time to get a better start for 2021!

To start, you can get their account number or bill reference details and the amount due, input it on the Pay Bills portion of the GCash app, and pay! The bill will be settled in as fast as 24 hours.

Gift idea #5. Donate to your favorite charity and make their beneficiaries’ Christmases a memorable one

People used to do feeding programs and other public social activities to celebrate their Christmas pre-COVID. Unfortunately, this is not really practical and safe to do anymore because of quarantine restrictions. However, there’s another way you can help -- by donating to a charity or NGO of your choice via the GCash app.

Through the GCash app, you can directly send funds to organizations such as the ABS-CBN Lingkod Kapamilya Foundation, Philippine Red Cross, Caritas, Childhope, Operation Smile, UNICEF, World Vision, and the World Wildlife Fund. Donations will greatly help their advocacies.

GCash is also holding its Merry GCash promo, where customers get a chance to win one of over PHP 30 million in prizes just by simply using the GCash app. For more information, visit facebook.com/gcashofficial.

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/.

Over PHP 30 million of prizes to be given away at GCash's Merry GCash Promo!

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There’s about 30 million reasons to celebrate Christmas this 2020, and it’s just by using the GCash app!

GCash, the undisputed leader and preferred mobile wallet in the Philippines, is giving away over PHP 30 million in prizes and surprises with its biggest holiday promo yet, Merry GCash!

It is indeed ChristMAS KAYA with GCash because by just simply using the app -- buying load, sending money, shopping using scan-to-pay, and doing other transactions -- customers can win daily gifts up to PHP 5,000, and also get a chance to win smartphones, TVs, laptops, gaming consoles, and more at the grand raffle!

As an additional pamasko, customers who buy prepaid load using the GCash app also get a chance to win up to 100% of their load back via the Load2Win promo! Customers can learn more at load2win.com.

“While 2020 has been a very challenging year altogether, the Filipino Christmas spirit is very much alive, it’s through our Merry GCash campaign where we want to embody the same -- spreading joy and giving gifts this holiday season, just by using the GCash app,” said Martha Sazon, President and CEO of GCash.

Even with the pandemic, GCash is still empowering Filipinos to continue traditional Christmas traditions through financial technology. With the GCash app, customers can send aguinaldo digitally to their loved ones through the Send Pamasko option under the app’s Send Money feature. 

For physical gifts, customers can now use GCredit on Shopee, perfect for those who would want to buy now and pay later. 

Lastly, customers have multiple options to have their noche buena with GCash. Customers who want theirs pre-made can order from foodpanda and get PHP 50 off when they pay via GCash and use the code “GCASH50” upon checkout. 

For those who would want to prepare theirs with the family meanwhile, they can do their holiday grocery shopping inside the GCash app as well! Powered by Puregold, customers can purchase their groceries directly from the app by going to GLife then selecting Puregold, checkout digitally and pay using funds from their GCash wallet, and have the option for branch pickup or delivery. 

Aside from Puregold, GLife will also soon offer digital storefronts to different industries such as gaming, food delivery, grocery, retail, transportation, and more. Datablitz, Purego, Boozy, and Goldilocks are among the partner stores coming soon, while top local online shopping website Lazada, Zeal Rewards, Globe One, and Goama Games are already available inside GLife.

“Cashless transactions this holiday season are crucial for the safety and convenience of Filipinos. Gone are the days where you have to do most things physically, be it sending pamaskos or going to a supermarket to prepare for noche buena. The GCash app offers this new and more convenient reality to Fililpinos, empowering them to do more on their smartphones while staying safe at the comfort of their homes,” Sazon said.

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/.

1st World Fintech Festival: Philippines as Asia's next big tech hub marks digital footprint across the globe

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The Philippines is set to showcase its best financial technology (fintech) practices to an international audience and cement its global digital footprint in the five-day virtual World Fintech Festival (WFF) on December 7-11. Previously presented as Singapore Fintech Festival (SFF) in past years, this year’s WFF shall spotlight key executives and decision-makers from different Asian nations as they discuss how they pilot fintech to produce societal impacts. Global tech legends like Bill Gates, Google CEO Sundar Pichai, and Microsoft CEO Satya Nadella will broadcast their talks to WFF participants in ten free sessions through YouTube and Facebook. 

The WFF-Philippines, co-presented by leading telecommunications company Globe, is also intended to galvanize Philippine industries to accelerate their own adoption of fintech, be open to innovation, and invest in their workforce’s digital upskilling. It is designed to bring together the public and private sector to help build inclusive digital economies. 

During the virtual presser on November 18, Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS), remarked on the readiness of the nation’s fintech industry. He said, “The Philippines is the country that I will never ignore. You have a remarkable GDP and a fairly young demographic. The true test of a company’s strength comes from a crisis---and the businesses in the Philippines have truly demonstrated this.” 

A first in the country, the WFF - Philippines is organized by GeiserMaclang Marketing Communications, Inc. (GMCI) in partnership with MAS and SingEx. It is expected to draw in the same crowds who attend the SFF, including business leaders and CEOs from 140 countries. 

Industry leaders who will headline the WFF-Philippines were present during the virtual presser: Melchor Plabasan, Director, Bangko Sentral ng Pilipinas; Martha Sazon, President and CEO of Mynt and Chairman of the EMoney Association of the Philippines Inc.; Dr. Justo Ortiz, Chairman, UnionBank of the Philippines and President of the Fintech Philippines Association; Noel Bonoan, KPMG Vice Chairman and COO; and Atty. Mark Gorriceta, Managing Partner of Gorriceta Africa Cauton & Saavedra.

WFF-Philippines Convenor and GMCI’s Co-founder Amor Maclang, who moderated the panel discussion, says the event can amplify the Philippines as a tech hub attractive to global investors. “We are championing the Philippines, following the footsteps of Singapore, as an incubator for technology and fintech. At the same time, tech is here to serve the underserved, the underbanked, and the under sheltered. Fintech has created opportunities for people on the spot,” said Maclang, citing the sari-sari stores and online entrepreneurial shops as examples of fintech’s inclusivity. 

Bangko Sentral ng Pilipinas (BSP) has also paved the way for the country to be more open when it comes to seamless and contactless payment behaviors. Its data shows a surge in the use of internet banking, mobile apps, and services like Instapay and PesoNet during the pandemic. BSP Director Melchor Plabasan revealed some initiatives, saying, “More than four million accounts were opened during the first two months of the lockdown. We recently crafted a three-year roadmap that aims to develop an efficient, safe, and secure digital-payment ecosystem. We aim to shift 50% of retail payments to online, and ensure that 70% of adult Filipinos will have access to digital accounts.”

Martha Sazon, President and CEO of Mynt, which manages the country's leading mobile wallet app GCash among its innovations, revealed one of the trends observed during the lockdown: “It is the younger generation who is most aware of their financial stability within this time. These things have pushed us to provide savings, credit, and insurance, all within GCash. To date, we have gained 26 million GCash customers, which is ten times higher than our monthly users in 2017.” 

Ms. Sazon, who is also Chairman of the EMoney Association of the Philippines, estimated that one trillion transactions will be made through GCash by the end of December. 

Meanwhile, UnionBank of the Philippines, which pioneered digital banking, was able to accommodate the large spikes of consumer demand when the clamor for online transactions soared during the first few months of the COVID-19 crisis. Dr. Justo Ortiz, UnionBank Chairman, pointed out the future of money movements: “Financial transactions, embedded in actual live transactions people do day to day, are the ultimate end game. Whatever you do, whether you buy food, take a trip—we will embed it in financial transactions across the board.” 

Auditing firm KPMG has leveraged on tech to redefine its business operations, services, and client management system. Its Vice Chairman and COO, Noel Bonoan, explained, “We assist our clients on automation, artificial intelligence, and cybersecurity. You cannot properly assist them if your organization cannot practice what you preach.” 

Atty. Mark Gorriceta, Managing Partner of law firm Gorriceta Africa Cauton & Saavedra, affirmed that speedy, accountable action holds the keys to digital transformation. He said, “We help our clients navigate and understand its intricacies. In aiming for responsible fintech, we closely work together with the BSP, the Insurance Commission, and the Securities and Exchange Commission.” 

Dr. Ortiz reiterated that in all great journeys of impact, making the difference at scale requires great effort and investment in human capital which is “the challenge of our generation. As the speed of innovation is accelerating, we need to double-time and intensify our efforts so nobody will be left behind,” he emphasized. “Learning, unlearning, and relearning will be a consistent process in our digital journey to become a robust and competitive digital society.” 

The World Fintech Festival-Philippines agenda of speakers will span the length of the five-day global program which will run from December 7-11. 

For more information and to register for the event, click here: https://www.fintechfestival.sg/register-now.

GCash enables 2.5M Filipinos to own savings accounts amid pandemic

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More and more Filipinos are opening savings accounts through GCash, the undisputed leading and preferred mobile wallet in the Philippines, as they found it easier and more convenient than traditional savings products in the market.

GCash Save Money has breached over 2.5 million account holders since it was launched in the second quarter of 2019. This represents a 500-percent year-on-year growth from August last year, when it initially had 500,000 pioneering customers.

“With the pandemic coming into full play, we have seen more and more Filipinos becoming mindful of their personal finances. The national health situation made people realize the value of having an emergency fund during crises. As the leading financial technology (fintech) player in the Philippines, we at GCash are empowering Filipinos to tap into financial tools and services that help safeguard them from the effects of the situations like this,” GCash President Martha Sazon said.

GCash Save Money, a collaboration between GCash and CIMB Bank PH, has reinvented the way Filipinos save money. Traditional savings requires a lot of paperworks, physical presence, a minimum deposit, and maintaining balance, among others.

As a mobile-first savings product, GCash Save Money is the first ever bank account that can be opened and maintained straight from the GCash app.

GCash users are spared from the lengthy exercise of filling up multiple forms and lining up at the bank just to open up a bank account. Verified GCash users only need to follow two steps: Select the Save Money icon in the GCash Dashboard and fill in the necessary personal information in the registration form.

Any Filipino citizen above 18 years of age who owns a fully verified GCash account and a valid government ID can deposit under GCash Save Money.

GCash Save Money offers the highest interest rate per annum versus traditional banks. Users may earn 3.1 percent per annum on balances, paid out monthly. Traditional banks only offer up to 0.25 percent per year.

GCash Save Money users who have average daily balances of P100,000 and above in the month of August are entitled to a 4-percent interest rate per annum prorated for the month.

It also does not require users to have a minimum and maintaining balance or a lock-in period, offers guaranteed return, and is regulated by the Bangko Sentral ng Pilipinas. GCash Save Money accounts are also insured by the Philippine Deposit Insurance Corp. (PDIC) for up to P500,000.

GCash Save Money users can easily track their balance and transaction history through the “Save Money” button in the GCash app. They can also seamlessly move up money between their deposit account and the e-wallet.

“GCash Save Money has addressed the usual barriers that discourage individuals from opening a savings account. These include high maintaining balance and dormancy charges. We believe that through GCash Save Money, we are enabling more Filipinos to participate in the financial landscape, while helping them achieve financial goals or manage emergencies,” Sazon said.

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/.

GCash extends Over P2B in microcredit facility in H1

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GCash, the undisputed leading and preferred mobile wallet in the Philippines, extended over P2 billion of microcredit facility during the first half of the year through its sister company Fuse Lending, helping stretch the budget of Filipinos amid the national health situation.

The value of GCredit transactions is double versus a year ago, showing that Filipinos are now more adapting to the digital lifestyle, as the government continues to put in necessary safeguards to lessen human interaction due to the pandemic.

Meanwhile, the volume of GCredit transactions during the same comparative periods rose by 26 percent to over 2 million transactions from 1.7 million transactions the previous year.

“GCredit, the pioneering digital credit facility available via the GCash app, has helped extend the budgets of Filipinos from the onset of the pandemic. We at GCash are mindful of the challenges that Filipinos face during these trying times, and providing them with a flexible, affordable, and convenient credit facility is one of our ways of helping them cope with the effects of the health situation,” GCash President Martha Sazon said.

GCredit, which works like a flexible loan or credit card, gives GCash access to extra budget that they can use to buy groceries from supermarkets like Puregold, medicines from pharmacies like Mercury Drug, and even utility bills.

GCredit is a revolving credit facility that can be tapped when a GCash user has a healthy GScore, the first trust score in the country. GCash users earn points in their GScore whenever they use GCash to settle any payment or even when simply cashing in.

Any GCash user with a high GScore is entitled to use GCredit. The higher the GScore is, the higher the credit limit that a user can tap. A GCash user may have access to up to P10, 000 in credit line with a low prorated daily interest rate.

While it is similar to a credit card, GCredit does not require users to submit extensive documentary requirements and wait in long lines to gain access to the revolving credit facility.

Today, GCredit may be used to transact with over 17,000 merchants, including billers such as Meralco, Globe Telecom, and Maynilad, among others. GCredit users may also tap their credit lines to pay for their physical transactions via QR or Barcode.

“GCredit is available to over 20 million GCash users. The always-ready credit line is easy to access and use, and offers low and flexible interest rates. GCredit users often use their credit lines for emergencies and necessities, others even use GCredit to start their businesses,” Sazon said.

Janine Dessa Pabellosa, a young online seller who sells necessary supplies such as face masks and face shields, said GCredit has helped her in funding her small business.

“With the help of GCredit, I was able to finance my small business and grow it to what it is today. I now have a revolving fund that helps me further grow my business,” Pabellosa said.

Others find GCredit as a lifesaver during emergencies. Such is the case for Adrian Macaraeg, a 46-year-old call center supervisor.

“GCredit is exciting, especially at my age. Even if I have cash on hand, I know that I have a safety net if ever emergencies arise,” Macaraeg said.

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/.

Finding a digital ally during the pandemic

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In a situation as precarious as today, everyone tends to gravitate toward a sense of security and stability, especially financially.

For Andrew Bautista, all he needed was the assurance that he would be able to provide for his family. The 33-year-old father wears many hats--tricycle driver, delivery rider and now, with the help of GCredit, sari-sari store owner.

The pandemic has left every Filipino dangling over the cliff of uncertainty. With three children, Bautista sought the helping hand of GCredit, the credit platform of the country's leading digital wallet, GCash.

When he gained access to GCredit, Bautista immediately sought the essentials.

"Ibinili ko ng gatas ng anak ko," he said matter-of-factly.

The Pasig City resident recently started a small business, the quintessential sari-sari store, to help his family get through the lockdown that forced thousands of Filipinos in Metro Manila to stay at home.

"Malaking tulong talaga siya…Ngayong lockdown kasi, kelangan ng dobleng diskarte lalo pa't hirap sa pamamasada, and nakakatakot lumabas," Bautista said.

With the questions of a murky future remaining unanswered, Filipinos have found an ally in GCredit.

"Meron kang magagamit na pang-alalay...may matatakbuhan ka, kasi alam mong andiyan lang siya, steady lang, kumbaga meron kang katulong," Bautista said.

Household staple

Boasting a 700-percent year-on-year growth in May alone, driven primarily by bank cash-ins and online payments, GCash has become a new household staple.

Now, over 20 million GCash app users obtained a credit score with GScore, even without prior credit history. Through increasing their GScore, users are able to gain access to GCredit, a surprisingly easy process credit facility in contrast to the usual requirement-heavy applications in traditional banks. GCredit, is able to provide eligible users with their own credit lines, extending their budgets during the quarantine.

GCredits acts just like a traditional credit card, without all the fuss and hassle of getting one. It makes credit accessible to all—helping users in far-flung areas as well—as many of the formal requirements in banks may not be available to many Filipinos.

Since it was first introduced in 2004, GCash has offered various digital solutions to the unbanked and underbanked. Staying true to its mission of financial inclusion, it introduced its digital credit facility, GCredit two years ago.

Seeing an unprecedented growth in the middle of a pandemic, the financial technology giant filled their role in the “new normal" with ease.

Last June, GCash disbursed P5 billion in loans through GCredit, making it more accessible to over 550,000 Filipino users.

For 37-year-old Arnie Martinez, her small sewing business, was, quite literally, hanging by a thread.

"Karamihan ng supplier ng garments ay sarado, dahil hindi siya kabilang sa ‘essentials,’ kaya ang impact sa kanila ay kailangan talaga maghigpit ng sinturon," she recounted.

With the new coronavirus disease limiting the capacity of every Filipino, most have turned to the power of technology, with applications like GCash thrust into the spotlight.

Even under lockdown, the responsibility of bills and necessities continues to burden many Filipinos. Martinez turned to GCredit when it came to paying bills, especially with the quarantine making it more difficult for everyone to access cash.

"Dun sa mga pagkakataon na hindi dumadating yung inaasahan kong pera, pero may kelangan ng bayaran na dues, meron akong mapagkukunan," she said.

With a stay-at-home order dangling over everyone's heads, grocery runs have turned into an occasional practice. With lines snaking around our local groceries and everyone geared with their own personal protective equipment, buying the essentials has become a chore that entailed arduous planning.

With GCredit, users are able to breathe a sigh of relief. Because of quarantine, most Filipinos prefer to buy in bulk, and the digital credit facility has given users more purchasing power.

Users are able to buy more with the credit line, instead of being restricted with their budget, in order to minimize exposure to the deadly virus.

Over the past 12 months, the digital credit provider boasts a 115-percent increase in activated credit lines, entailing the growth of its user base.

Disbursements in the past 12 months also doubled, boasting a 214-percent increase and providing greater financial support to Filipinos.

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/.

Free cash-in via BPI, BDO, Unionbank and other banks with InstaPay - GCash

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Users of GCash, the undisputed leading and preferred mobile wallet in the Philippines, can enjoy FREE cash-in services using banks with apps and websites that are powered by InstaPay.

GCash users who have bank accounts that allow them to digitally top up their e-wallets may use the cash-in service for FREE. For instance, GCash users who are also BPI account holders may use their BPI mobile app to transfer money to their GCash wallets for FREE.

Aside from BPI, over 30 banks allow their account holders to top up their GCash wallets for FREE, including BDO, Metrobank, RCBC, etc. Cashing in via bank apps and websites may differ per financial institution.

“GCash provides great value to the lives of Filipinos, especially now that we are transitioning to the so-called new normal. Digital finance will play a big role during these times, and providing the free cash-in via bank apps and websites through the InstaPay service will help GCash users maximize the use of their mobile wallets,” GCash President & CEO Martha Sazon said.

Aside from being free, cashing in via bank apps and websites is also real-time, which means that the amount transferred from a bank account to a GCash account should reflect immediately. Cash In via Instapay is free for most banks.

GCash users may use their mobile wallets for a variety of financial services. GCash empowers users to pay for physical and online transactions to over 75,000 merchants, transact with over 400 billers, and transfer funds to over 40 banks in the Philippines.

They may also use their GCash wallets to buy airtime load, save money, invest in money market funds, and purchase insurance products.

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.

For more information regarding bank app cash-ins, customers may visit https://help.gcash.com/hc/en-us/sections/900000085683-Cash-In-via-Bank-EMI-Apps.

Card payment partners charge 2.58% convenience fee for GCash cash-in via MasterCard/VISA bank card

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The card payment partners of GCash will charge a minimal convenience fee of 2.58 percent for cash-in via MasterCard/VISA bank card services starting July 6, 2020. The fee is a direct charge of payment partners.

The convenience fee will be computed and will be stated in the GCash app for each cash-in via bank card transaction. For instance, a customer cashes in P100 in his GCash wallet. The convenience fee would be P2.58, for a total amount of P102.58 charged to the card.

The fee is still lower than other mobile wallets, which charge a flat rate of P30 for cash-in transactions below P1,000. GCash also provides other cash-in methods that are totally FREE, such as cash-in via linked BPI or UnionBank accounts or through a bank app or website powered by InstaPay.

“We at GCash have always provided the most convenient, safe, and affordable financial services in the country. We aim to keep it that way despite the recent increases in charges implemented by our card payment partners. We would like to assure that GCash does not earn a single centavo from the direct charges implemented by our payment partners,” GCash President and CEO Martha Sazon said.

GCash account holders that cash-in via their MasterCard/VISA bank cards may check their transaction histories on the GCash app or may download their transaction histories through their nominated e-mail addresses.

“Even with this soon-to-be implemented minimal charges, GCash will continue to provide the best-in-class services that Filipinos have come to love over the past decade. We will continue to be more innovative and proactive in developing safe, secure, and affordable financial services and tools so that more Filipinos can maximize the benefits of digital finance,” Sazon said.

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/.

GCash helps disburse close to 2B gov’t financial aid to 335,000 Filipinos

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GCash, the undisputed leading and preferred mobile wallet in the Philippines, has helped both the national and local governments to disburse close to 2 billion in financial aid to more than 335,000 Filipinos who were adversely affected by the national health situation.

Since the start of the community quarantine periods in March, government agencies both local and national have tapped GCash for the quick, safe, secure, and transparent distribution of their own financial support to intended beneficiaries.

For local governments -- including central business districts Makati City, Quezon City, and Pasig City -- GCash has so far disbursed a more than P1.5 billion to over 310,000 beneficiaries. It has also disbursed more than P300 million to over 25,000 beneficiaries of the social amelioration program of the Department of Social Welfare and Development (DSWD).

“The government has realized that financial technology is no longer just a means for convenience, but it is now a necessity. The disbursement of financial aid close to 2B to over 335,000 beneficiaries and still growing through the GCash platform is just the tip of the iceberg. We continue to facilitate the distribution of financial aid to more Filipinos nationwide,” GCash President and CEO Martha Sazon said.

As the pioneering mobile wallet in the Philippines, GCash saw its platform as an effective means of distributing financial aid to those who were most affected by the national health situation.

Government agencies and local government units saw the value of using GCash as an effective, efficient, and transparent means of disbursing the financial assistance to their constituents.

National government agencies that have tapped GCash, through its partnership with the DSWD, for the distribution of financial aid include the Department of Transportation-Land Transportation Franchising and Regulatory Board (DOTr-LTFRB), and the Social Security System (SSS).

Just recently, GCash was mentioned by no less than President Rodrigo Roa Duterte in his report to Congress, saying that GCash has powered the government’s efforts in providing relief to drivers who were affected by the community quarantine. GCash allowed the government to use its platform for free.

“As a strong government partner, GCash supports the government in its efforts to curb the spread of the virus. Through our safe, secure, transparent, and convenient platform, we have lessened the need for physical distribution centers, reducing the risk of transmission,” Sazon said.

Likewise, beneficiaries of the financial aid programs were able to use their mobile wallets for a variety of financial services. GCash empowers users to pay for physical and online transactions to over 75,000 merchants, transact with over 400 billers, and transfer funds to over 40 banks in the Philippines. GCash users may also use their GCash wallets to buy airtime load, save money, invest in money market funds, and purchase insurance products.

Beneficiaries also have the option of cashing out their financial assistance from partner establishments such as Puregold, Villarica Pawnshops, as well as ATMs through their GCash MasterCard.

“We can only beat this virus through collective efforts. We look forward to serving more Filipinos through these partnerships with the government,” Sazon said.

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/.