The Philippines’ leading digital mobile wallet company GCash announced it has planted 1 million trees through GForest, its environmental sustainability feature on the GCash app.
Since GForest’s launch in 2019, more than 10 million users have joined the cause. As of December 19, 2021, a total of 1,060,000 trees have been planted virtually by GForest users, 1 million of which have been converted to actual trees planted in various locations. This is considered a huge feat for all those who actively participated in the program as they champion environmental stewardship, in fact, if the amount of carbon emissions that GForest users saved were combined, GCash has actually collected enough green energy to fuel over 25 trips around the Earth by plane!
“We are helping 55 million Filipinos go digital and cashless for more efficient and environmentally friendly transactions. Our environmental conservation and awareness efforts extend towards giving back further with GForest. This also doubles as a reward system influencing our users to practice more green habits,” said Martha Sazon, President and CEO of GCash.
GForest users earn green energy points by using the various cashless services of GCash, such as Send Money, Pay Bills, or Bank Transfer on the app – digital financial services that also lessen their carbon footprint, in addition to planting trees. GForest users can also collect green energy every time they walk if they enable GCash to access their health app or fitness tracker. These green energy points can be used to plant virtual trees. As of November 2021, more than 133 million digital, paperless transactions have been made in GCash to earn green energy points for GForest users. This is in line with the mission of GCash to support environmental sustainability by keeping individual carbon footprint low and helping fight climate change.
GCash executed several trailblazing GForest joint projects, including tree-planting partnerships with World Wide Fund for Nature Philippines, Ayala Land Inc., Ramon Aboitiz Foundation, Inc. (RAFI), HOPE and Century Pacific Food, Inc, in critical areas such as the Ipo Watershed, Alaminos Carbon Forest, Luyang Watershed and South Cotabato and Sarangani Provinces.
Diverse species of trees like Narra, Yakal, Molave, Guyabano and Coconut have been planted in these vulnerable locations nationwide, through GForest and its partners. Aside from these designated areas, GCash is also identifying new sites that it can reforest as it scales up its sustainability program in the country.
Through GForest, GCash was also able to support and empower local farming communities. With the tree-planting activities of GCash, HOPE and Century Pacific Inc., more than 2,000 coconut farmers received coconut seedlings which can help them have more produce and in turn, increase their revenue. With GCash, RAFI also conducted tree growing orientations and planting trainings for 150 farmers in order to guide them on tree-planting projects. The initiative aims to achieve 1.3 million trees planted by 2022.
GCash is the only fintech company in the Philippines to have a sustainability feature integrated within its app, and has been recognized by global sustainability organizations. Recently, WWF Philippines conferred the Conservation Innovation Award to GCash. The leading mobile wallet company was also recognized by Miss Earth ECO Awards 2021 as well as BIOFIN for the environmental impact the campaign has created.
“Being a tech company, it puts us in a good position to really promote less carbon footprint,” adds Sazon. GForest is a concrete expression of the company’s ESG or environment, social and governance framework. GCash reiterates the importance of achieving financial results while ensuring we protect the environment, we take care of our people and the communities we operate in, as well as working closely with relevant stakeholders and governing bodies moving forward.
“The GForest program proves that marrying new technologies with creative sustainability solutions are something organizations can achieve. We thank our partners and users for making this milestone possible. We are looking forward to being more “One with the Nation” with our social responsibility initiatives in the years to come”, said ChitoManiago, Vice President for Communications and Public Affairs of GCash.
“One with the Nation” is GCash’s corporate social responsibility program employing various initiatives including NGO partnerships, programs on disaster response and environmental stewardship, as well as grassroots finlit education campaigns nationwide.
Aside from GForest, GCash’s various digital products and services enable users to go cashless for various transactions, which helps reduce their carbon footprint and help fight climate change.
Continue to use GCash and become a “green hero” today!
For more information, visit www.gcash.com.
#GCash Beefs up User Protection with Certification from Int’l Data Security Standards Firm
The leading mobile wallet is now Payment Card Industry Data Security Standard certified
GCash, the country’s leading mobile wallet, recently achieved a compliance certification from the Payment Card Industry Data Security Standard (PCI-DSS), assuring every Filipino of the e-wallet’s commitment to the highest quality standards on data security.
PCI-DSS is a standard that is being administered by the Payment Card Industry Security Standards Council (PCI-SSC) which includes top global credit card brands such as MasterCard, Visa, American Express, JCB International, and Discover Financial Services
The standard ensures that all companies which accept, process, store, or transmit credit/debit cardholder information maintain a secure environment to protect customers. Compliance is validated annually by an external Qualified Security Assessor (QSA) such as ControlCase Inc., a global provider of certification, cybersecurity, and continuous compliance services, which also conducted the assessment of GCash.
“This certification is a testament to our commitment of adhering to only the highest standards in safety and security. This is proof that, at GCash, we take data privacy and cybersecurity very seriously, as it is one of our key pillars in ensuring our customers have the best experience when they use our services. GCash will continue to pursue more global industry best practices to better serve our 71 million customers,” GCash President and CEO Martha Sazon said.
The formal awarding ceremony was held at the GCash headquarters. It was attended by key officials of the company as well executives from Globe Group, the parent firm of Mynt which operates GCash.
The ceremony was also graced by ControlCase president Suresh Dadlani and its head of business development Michelle Mascardo. Also present at the event were project team members from GCash’s Information Security Group, Technology and Operations, along with other business support teams.
As it continues to expand its services and reach more unserved individuals, GCash remains steadfast in boosting the app’s safeguards while continuously strengthening its sense of accountability, ethics, and compliance to further improve customer’s experience and provide them safe, secure, and more convenient digital financial solutions.
#GCash, #CIMB Bank offer the Highest Interest rate of 8% p.a. via #GSave
The country’s leading mobile wallet GCash, and CIMB Bank, the country’s leading digital banking services provider, are offering their users up to 8% interest rate per annum on GSave until January 31, 2023.
The offer, which is currently the highest interest rate available in the market, will be available for existing customers of the bank who opened their accounts for more than 60 calendar days at the start of the qualifying month. It will be applicable to the difference in total average daily balance (ADB) from the previous month.
The promo is also inclusive of other promo and base rates for ADB growth including the 2.6% p.a. for GSave accounts. This is also inclusive of the 4% p.a. promo rate applicable to the first P200,000 ADB. Any incremental ADB growth will receive 8% p.a. wherein the total reward given to a customer will be equivalent to 8% p.a.
To calculate their ADB, customers need to get the total of their daily balance at the end of each day for the qualifying month and divide them by the total number of days in the qualifying month.
For customers who have multiple deposit accounts with CIMB Bank, the interest rate reward will be computed based on the qualifying month’s Total ADB for GSave accounts.
With CIMB on GSave, GCash provides Filipinos, especially the unbanked and underserved, with the opportunity to open a savings account that requires no initial deposit, maintaining balance, or lock-in period.
To start their journey towards their financial goals via GSave, users simply need to log in to their GCash account and tap GSave by CIMB Bank which can be found in the GSave Hub section. Then, click “Open a Savings Account.” On the Save Money Registration page, tick the box under CIMB Bank Policies to agree to the Terms and Conditions and tap Open a Savings Account. Lastly, tap “OK” after the confirmation message has been displayed.
With over 71 million registered users, GCash continues to give more Filipinos an opportunity to grow their finances and build a better future for themselves and their loved ones, in line with its clear vision of “finance for all”.
For more information, visit www.gcash.com.ph
#GCash, ABS-CBN Foundation plant 88,000 Seedlings and Launch new Trees in #GForest
GCash, the country’s leading mobile wallet, together with the ABS-CBN Foundation, has once again achieved a big win for the environment after planting over 88,000 seedlings in La Mesa Watershed via the GForest, the sustainability feature on the GCash app.
“Together with the ABS-CBN Foundation, GCash continues to uphold its goal of promoting environmental conservation and sustainability. GForest has been making a concrete impact in the reforestation efforts of the country and we believe that each tree contributed by GForest can ultimately create meaningful and positive changes in our country and the environment,” GCash president and CEO Martha Sazon said.
Kicked off in 2022, the joint initiative between the leading e-wallet and ABS-CBN Foundation aims to help drive climate change awareness, encourage more Filipinos to do green activities, and ultimately, preserve and enrich the La Mesa Watershed, the primary source of drinking water for Metro Manila’s over 12 million population.
This is also in support of the “Save the La Mesa Watershed Project” and its 22 years of long-standing efforts in reforestation and protecting the vital watershed. GCash, along with its partners aim to plant 2.3 Million trees across the country by this year.
“It is truly an honor to team up with GCash as we aim to achieve our common goal of conserving the environment. We look forward to continuing working with GCash and creating a greener and brighter future for all Filipinos,” ABS-CBN Foundation managing director Roberta Lopez Feliciano said.
GCash users can now easily take part in planting new trees in La Mesa Ecopark using the GForest feature on the GCash app. This includes the Malapaya Tree (85K trees), a new species recently added in GForest, which can grow up to 50 meters. This tree is a good source for the manufacture of plywood and a variety of common-use products like matchsticks and popsicle sticks. It can also be used as a replacement for non-biodegradable food containers.
Other new trees that can now be planted are the Lago and Lipote trees. The Lago tree (46K trees) can grow up to around 35 meters and is a good material for making furniture, cabinets, and plywood. Meanwhile, the Lipote tree (28K trees) can grow up to around 15 meters. Its fruits can also be eaten raw or cooked, and are used in making preserves, jellies, wine, pickles, and beverages. It is also known to help treat diabetes, hypertension, and high cholesterol.
“Many Filipinos care about the environment but don’t know how to actively take part in environmental protection. This is a barrier that GForest addresses. By using GCash and GForest, making a positive and impactful difference is now easier, and more convenient,” GCash AVP for sustainability CJ Alegre said.
To become a ‘green hero’, GCash users simply need to frequently use the app’s convenient financial services, products, and offerings, such as Send Money, Pay Bills, GCredit, GSave, and more, which will be converted into green energy on GForest. Moreover, by doing more efficient and environmentally friendly digital transactions on the app, GCash also enables users to lessen their carbon footprint. With the green energy points they have collected, they can plant virtual trees on the app, which are then converted into actual trees by GCash together with its partners, and will be planted in its partner sites nationwide.
Beyond providing safe and convenient digital financial solutions to Filipinos, GCash is also steadfast in creating more partnerships to help the country achieve a better, greener, and more sustainable futur
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