GCash Futurecast 2021: The Country's Undisputed #1
E-wallet Shares a Peek Into its Newest Innovations for the Year!
Introducing new in-app products and services to make
finance easy, approachable, and accessible to all Filipinos!
From starting out as an
e-wallet for making fast & secure online transactions to being the
undisputed #1 mobile wallet app in the Philippines, GCash is now transforming
itself once again to respond to the call of the times by launching new products
& services to further its vision of making Filipino lives better everyday,
with finance solutions made for all.
GCash as a platform has
enabled Filipinos with digital finance which is easily accessible through their
phones. With 1 in 3 Filipinos currently using the app after growing its user
base from just more than 20 million in January 2020 to over 40 million to date,
GCash is going beyond just providing seamless & secure transactions through
cashless payments. This does not stop
the leading mobile wallet to just be still and not look forward to the future.
The organization has anchored its thrust towards building robust financial
services offerings, extending the app capabilities to fit the lifestyle of its
users, empower businesses and entrepreneurs across different enterprise sizes,
and anchor the app’s ecosystem, partnerships, and capabilities to be a change
agent and to commit to doing its part of nation-building.
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Martha Sazon, President and CEO of GCash |
With new financial &
lifestyle services, GCash now allows its users to shop, save, invest, get
insurance coverage, and more -- all within the GCash app. That not only means
having a more frictionless user experience and convenience for all, but more
importantly, it means that many Filipinos will now have access to services that
could help unlock a better every day, and eventually, a brighter financial
future.
“We want to make a real difference in the
lives of every Filipino and break the existing boundaries to enable financial
freedom. We envision a Philippines where people have equal access to financial
opportunities and lifestyle choices, where everyone, whether rich or poor, has
a chance to unlock and achieve their dreams,” shared Martha Sazon, President
& Chief Executive Officer of GCash.
Unlock Your Financial Potential
GCash continues to stand
by its commitment of making finance accessible to all with its 2021 suite of
affordable products & services built to kickstart success for everyone.
Consumers can now unlock their life goals at any stage with GInvest, the new
easy investment feature found in the GCash app that lets you invest for as low
as P50 in professionally-managed local and global funds.
Amidst the pandemic,
those who are looking for affordable coverage can turn to GInsure, where they
can get insurance for medical emergencies such as Dengue, COVID-19, and
accidents for as low as P300. With this, consumers can also get financial assistance
via Cash For Medical Costs and the recently launched Cash For Income Loss due
to any cause - all accessible through GInsure within the GCash app.
For easy money
management, GSave is the fully digital, secure, and hassle-free savings account
that was built in partnership with CIMB Bank, wherein the only requirement to
start is an ID and a smartphone. It’s fully accessible once the account is
created; and has no maintaining balance, no fees, and no initial deposit.
As a better alternative
to high interest loans and borrowing money for emergencies, GCredit serves as a fully-verified
user’s personal credit line within the App, with the ability to provide those
with high GScores up to P30,000 credit line and up to 3% prorated interest
rate; the earlier the due is paid, the lower the interest rate.
“At GCash we want to be
able to democratize access to financial services,” shared JF Darre, Head of
Financial Services and Advanced Analytics of GCash. “We aim to break down barriers of entry for
Fillipinos and make them realize that saving, investing, or even insuring one’s
finances can be accessible to all.”
Unlock a new lifestyle with GLife
With the aim to provide
more than just convenience, GLife is an e-commerce feature within the GCash app
that now allows users to shop and avail themselves of exclusive deals from a
wide array of merchants including GOMO, Gong Cha, Kraver’s, McDonald’s, Puregold and PureGO,
Lazada, Recess, Boozy, Bo’s Coffee, Mama Lou’s, GawinPH, KFC, Datablitz, Cherry
Shop, Gameone, Goama Games, and more. Users and merchants alike can leverage
the GCash payment system making it an easier e-commerce experience for everyone,
and making GCash the new super life app.
“Accessible right from the GCash dashboard, you
can already enjoy more than 25 brands across retail, food, gaming,
entertainment and transport. And we have more coming every week that will
surely cover all your lifestyle needs.” said Winsley Bangit, Chief Customer
Officer of GCash.
Unlock The Entrepreneur in You with GCash QR on Demand
As part of its mission
to help mobilize the economy and support all types of entrepreneurs, GCash
introduces GCash QR on Demand: a new
and better way to securely send and receive money without having to worry about
“wrong sends” due to incorrect numbers, or giving away personal information
such as their mobile numbers. Users can easily generate their own Personal QR
and use this in place of giving their GCash number, for safe and hassle-free
payments whether for personal use or for small businesses.
For fellow Filipinos
abroad, GCash intends to aid and empower OFWs to take control of their finances
by making the same products and services accessible to them. Every OFW with a
verified account can now cash-in to his/her own GCash wallet via international
remittance partners, and remit those funds instantly in the app. Through
GCash’s upcoming GPadala service, OFWs can also send money to a non-GCash user
for cash pick up anywhere in the country.
“We have great ambition
for 2021 for MSMEs and Filipinos in every corner of the globe; we know how this
whole sector will be more critical than ever for our economy, and GCash can
make a real difference in this sensitive situation. People need it. The country
needs it.” shared Fred Levy, Chief Commercial Officer of GCash.
Unlock Social Impact
As part of its holistic
sustainability agenda for 2021-2025, GCash is one with the nation as it aligns
itself with the UN's Sustainable Development Goals. This includes pursuing
efforts beyond business results such as helping make financial literacy and
education accessible for all.
Plans to make this
happen include the Kaya Mo, GCash Mo Roadshow, the design and roll-out of
Future-Ready Hackathons, and the launch of G NA! IDEAS Para Sa Pinas. This
2021, GCash continues to pursue collaborations to achieve even bigger things
with efforts like GCash For Good and the GForest platform.
“At the end of the day, we will all go back to
our core purpose— to help one another in times of need and indeed unlock our
desired impact on the society as a whole,” said Chito Maniago, GCash’s Vice
President of Corporate Communications and Public Affairs.
GCash is all about breaking existing boundaries
through efforts to democratize access to financial opportunities and lifestyle
choices, while making sure that all these innovations and initiatives lead to a
better and healthier community for all.
