GCash Achieves New Milestone with over 60M Registered Users
Leading Philippine fintech platform GCash now has over 60 million registered users nationwide, marking a milestone with a majority of the country’s adult population using the popular e-wallet service.
At the same time, GCash now boasts of more than five million merchants and social sellers accepting digital money transfers or payments. Its app marketplace GLife also has over 420 merchant partners.
“We have maintained a strong growth momentum with 60 million Filipinos now placing their trust in GCash. We are still the undisputed fintech leader in the country and we now cover 83 percent of the Philippines’ adult population. We vow to continue providing reliable service to our customers and innovate to deliver their fintech and lifestyle needs,” said GCash President and CEO Martha Sazon.
GCash currently records a staggering 29 million daily logins, with a peak in daily transactions at 19 million. According to data.ai (formerly App Annie), GCash has 5x more smartphone monthly active users than the next highest e-wallet app in the Philippines as of April 2022.
Operated by Mynt under Globe’s corporate venture builder 917Ventures, GCash is committed to maintaining its market leadership status by introducing innovative products to further boost consumer engagement.
It also continues to innovate and deliver novel products as it supports the Globe Group’s commitment to the United Nations Sustainable Development Goals, a set of targets that highlights the roles of infrastructure and innovation as crucial drivers of economic growth and development under SDG No. 9.
It is the only e-wallet with a full suite of financial services such as money transfers, e-commerce, savings, investment, insurance, and just recently, cash loan and “buy now, pay later” products.
Introduced in 2004, GCash became widely adopted by the public during the pandemic due to increased digitalization. Mobility restrictions gave rise to cashless transactions as consumer behavior shifted.
“We now see an increased use of mobile wallets as people embrace e-commerce. With GCash, the unbanked and underserved population are finally empowered. They can already do so much more, such as paying for their online purchases without a credit card or a bank account, getting health insurance, and investing in Unit Investment Trust Fund,” Sazon said.
GCash offers online insurance through GInsure for as low as ₱39 per month so everyone can stay prepared for emergencies. Its GInvest, meanwhile, allows easy investments for as low as ₱100 for local funds and ₱1,000 for international funds. GInvest has gained 70% of the home market for total UITF accounts in just seven months since its launch.
GCash, the country’s lone double unicorn startup with a USD$2 billion valuation, has become embedded in the everyday lives of Filipinos. It is determined to break barriers to bring financial inclusion to more people nationwide.
GCash continues to build consumer trust to draw more users and help the country transition into a cash-lite economy as envisioned by the Bangko Sentral ng Pilipinas.
To know more about GCash, visit www.gcash.com.
AI Opportunities for Women
The field of Artificial Intelligence (AI) presents many opportunities for women. This was the key message emphasized by Connected Women, partner of leading mobile wallet GCash during its GTalks event, held in celebration of UN Women in Tech day on April 25, 2023.
Gina Romero, co-founder of Connected Women, explained how the organization is aligned with GCash’s vision of financial inclusion through the AI training programs it provides for women, helping them qualify for remote employment, even without formal education.
Romero believes that women, regardless of background or financial standing, can work with AI. The rapid growth of emerging technologies and industries such as AI, coupled with the wider adoption of remote work, are creating opportunities for women to upskill and earn a livelihood from their homes while taking care of their families.
“I’ve had a diverse career, from pig farming to air cabin crew, before entering the tech industry. Anyone can learn the skills needed for the future of work. We need women in tech at all levels to create an equitable future. Connected Women ensures accessibility for women, including underserved groups, to participate in the digital economy,” said Romero.
“We are thrilled to be working with GCash, a company that truly exemplifies diversity in tech and leadership roles. GCash’s commitment to fostering inclusivity aligns perfectly with our vision at Connected Women, and we are excited to collaborate with them to create more opportunities for women in the digital space,” added Romero.
“GCash stands for inclusion at large. With our partners, we aim to give women more opportunities towards financial freedom. More than just providing them with accessible financial services, GCash is also pushing for more opportunities for women in line with our goal to normalize women leaders in tech,” said GCash president and CEO Martha Sazon.
In collaboration with the country’s leading mobile wallet, Connected Women enables its AI remote workers to easily receive their payments through GCash. The Connected Women community platform is now accessible through the Earn Money feature in the GCash app.
Since the partnership’s inception in March 2023, the feature has already garnered over 11,000 sign-ups. Based on Connected Women’s latest statistics report, 91% of respondents were not male (female, non-binary, prefer not to say), majority of whom are looking for remote work.
Romero was one of the speakers in the event entitled GTalks: Empowering Women in Tech. Alongside her were co-speakers UN Women country coordinator Lenlen Mesina, For the Women Foundation’s co-founder Michelle Alarcon, GCash president and CEO, Martha Sazon, GCash chief technology & operations officer, Pebbles Sy, and GCash chief people officer Robert Gonzales. This event was hosted by renowned broadcast journalist Karen Davila.
To stay updated on GCash’s latest updates, visit https://facebook.com/gcashofficial
1. What is the partnership between GCash and Connected Women?
The partnership between GCash and Connected Women aims to provide opportunities for women in the field of Artificial Intelligence (AI). Connected Women, a training organization, aligns with GCash’s vision of financial inclusion by offering AI training programs that enable women to qualify for remote employment, even without formal education.
2. How can women benefit from the AI training programs provided by Connected Women?
The AI training programs provided by Connected Women empower women to upskill and earn a livelihood from their homes while taking care of their families. The rapid growth of emerging technologies like AI, along with the wider adoption of remote work, creates opportunities for women to enter the tech industry and participate in the digital economy.
3. Who can participate in the AI training programs offered by Connected Women?
Connected Women believes that women from all backgrounds and financial standings can work with AI. The organization ensures accessibility for women, including underserved groups, to participate in the digital economy and acquire the skills needed for the future of work.
4. What is the goal of GCash in partnering with Connected Women?
GCash, a leading mobile wallet, aims to foster inclusivity and provide more opportunities for women in the tech industry. The partnership with Connected Women aligns with GCash’s commitment to diversity in tech and leadership roles. GCash strives to normalize women leaders in tech and empower women towards financial freedom.
5. How does the collaboration between GCash and Connected Women benefit AI remote workers?
Connected Women enables its AI remote workers to easily receive their payments through GCash, the country’s leading mobile wallet. This collaboration ensures seamless financial transactions and provides a convenient way for AI remote workers to access their earnings.
6. How can women access the Connected Women community platform through GCash?
The Connected Women community platform is now accessible through the Earn Money feature in the GCash app. Women who are part of the Connected Women network can utilize this feature to engage with the community, access resources, and explore remote work opportunities.
7. What are the statistics regarding sign-ups and interest in remote work from women since the partnership began?
Since the partnership’s inception in March 2023, over 11,000 sign-ups have been recorded through the Earn Money feature in the GCash app. Connected Women’s latest statistics report shows that the majority of respondents (91%) looking for remote work were not male (female, non-binary, prefer not to say).
8. Who were the speakers at the GTalks: Empowering Women in Tech event hosted by GCash?
The speakers at the GTalks event included Gina Romero, co-founder of Connected Women; Lenlen Mesina, UN Women country coordinator; Michelle Alarcon, co-founder of For the Women Foundation; Martha Sazon, GCash president and CEO; Pebbles Sy, GCash chief technology & operations officer; Robert Gonzales, GCash chief people officer. The event was hosted by renowned broadcast journalist Karen Davila.
9. How can I stay updated on GCash’s latest updates?
To stay updated on GCash’s latest updates, you can visit their official Facebook page at https://facebook.com/gcashofficial.
GCash, Alipay+ to offer 30% off on Monthly NBA League Pass
Tired of missing out on the latest game of your favorite NBA team? Put your game face on with GCash, as the country’s leading mobile wallet, partners with Alipay+ and The National Basketball Association (NBA).
GCash is offering basketball fanatics an easier and more secure payment option for their monthly League Pass subscription in the NBA mobile app – no credit card needed.
By choosing GCash as your preferred payment method for your NBA League Pass subscription, you can easily enjoy a next-level streaming experience in the NBA mobile app, anytime and anywhere. This includes access to any regular season or finals game of your choice, live, or on-demand, in-depth analysis from NBA legends, and a recap of classic games from 2012 to 2019.
Simply download the NBA app available for free in the Google Play Store, and App Store and link your GCash account to your Google Play or Apple Pay account when you purchase your League Pass for a hassle-free streaming experience. What’s more, when paying with GCash for your subscription, you also enjoy 30 % off on NBA Monthly League Pass until June 18, 2023 or pay only PHP349 via Alipay+ rewards in the GCash App, on top of exclusive deals, and special raffle giveaways!
Never miss a moment of game highlights from the hardcourt and the latest NBA league news with GCash. Visit https://www.nba.com/watch/league-pass-stream to know more.
Not yet on GCash? Download the GCash app for free on Google Play and the App Store.
For more information, visit www.gcash.com.ph
Q1: What is GCash?
A: GCash is the country’s leading mobile wallet, offering a range of financial services and payment options through a mobile app.
Q2: What partnership does GCash have with the NBA?
A: GCash has partnered with Alipay+ and The National Basketball Association (NBA) to provide basketball fanatics with an easier and more secure payment option for their monthly League Pass subscription in the NBA mobile app.
Q3: What are the benefits of choosing GCash for NBA League Pass subscription?
A: By choosing GCash as your preferred payment method for NBA League Pass subscription, you can enjoy a next-level streaming experience in the NBA mobile app, with access to any regular season or finals game, live or on-demand. You also get in-depth analysis from NBA legends and recaps of classic games from 2012 to 2019.
Q4: How can I use GCash for NBA League Pass subscription?
A: Simply download the NBA app for free from the Google Play Store or App Store. Link your GCash account to your Google Play or Apple Pay account when purchasing your League Pass for a hassle-free streaming experience.
Q5: Are there any discounts or special offers available with GCash for NBA League Pass?
A: Yes, when paying with GCash for your subscription, you can enjoy 30% off on NBA Monthly League Pass until May 15, 2023. Additionally, you can pay only PHP349 via Alipay+ rewards in the GCash App, along with exclusive deals and special raffle giveaways.
Q6: Where can I find more information about NBA League Pass and GCash?
A: To know more about NBA League Pass streaming and using GCash as a payment method, you can visit https://www.nba.com/watch/league-pass-stream. For information about GCash, visit www.gcash.com.ph.
Q7: How can I download the GCash app?
A: You can download the GCash app for free from the Google Play Store or the App Store.
#GCash ‘DoubleSafe’ Face ID to block Fraudsters
GCash has rolled out its ‘DoubleSafe’ Face ID security feature to 100% of its fully verified users, as of May 10, 2023, blocking fraudsters from taking over the accounts of its users.
‘DoubleSafe’ uses an industry-first face recognition technology to ensure that the person accessing an account is the same as the one who registered in GCash. This means, even if users inadvertently give out their mobile personal identification number (MPIN) and one-time pin (OTP), their account still cannot be accessed from a new device without scanning the owner’s face.
The feature also looks for the user’s liveness to ensure photos can’t be used to bypass the security control.
“The face recognition feature is built within the app and doesn’t require mobile phones with high-end features. We made sure all our verified user base will have access to this security feature as we notice the prevalence of phishing attempts outside the app,” said Pebbles Sy, Chief Technology and Operations Officer of GCash. “DoubleSafe will further protect our customer’s accounts and hard-earned money.”
Aside from this security feature, GCash has taken many actions to combat fraud.
“From January 2022 to April 2023, GCash has already blocked 3.1 million accounts that have been tagged as fraudulent. We have also taken down 722 phishing sites and 38,000 malicious social media posts and accounts from January 2022 to April 2023,” Sy explained.
Likewise, around the first week of May alone, GCash has already barred 23,000 accounts that breached parameters under the Anti-Money Laundering and Terrorist Financing Act. This means, the e-wallet monitored transactions in these accounts that are against the AMLA.
GCash actively pursues fraudsters in cooperation with the Philippine National Police Anti-Cybercrime Group (PNP-ACG), the National Bureau of Investigation (NBI), and the Cybercrime Investigation and Coordinating Center (CICC).
GCash is consistently strengthening its campaign against fraudulent activities with #GSafeTayo by educating its users on how scams work and how they can be prevented.
GCash will NEVER send personal messages to address concerns or get personal information, especially the MPIN and OTP. It reminds users to be wary of phishing schemes in the form of fake websites and suspicious online games. Customers are urged to only make transactions within the app.
To report scams and fraudulent activities, visit the official GCash Help Center at help.gcash.com/hc/en-us and message Gigi on the website, and type, “I want to report a scam.” Customers can also contact the official GCash hotline 2882 for queries and other concerns.
. What is the ‘DoubleSafe’ Face ID security feature introduced by GCash?
GCash has rolled out its ‘DoubleSafe’ Face ID security feature to 100% of its fully verified users. ‘DoubleSafe’ uses an industry-first face recognition technology to ensure that the person accessing an account is the same as the one who registered in GCash. Even if users inadvertently give out their mobile personal identification number (MPIN) and one-time pin (OTP), their account cannot be accessed from a new device without scanning the owner’s face. The feature also looks for the user’s liveness to prevent the use of photos to bypass security controls.
2. How does GCash combat fraud and protect its users?
GCash has implemented various measures to combat fraud and protect its users. From January 2022 to April 2023, GCash has blocked 3.1 million accounts tagged as fraudulent. They have also taken down 722 phishing sites and 38,000 malicious social media posts and accounts during the same period. In addition, GCash actively cooperates with law enforcement agencies such as the Philippine National Police Anti-Cybercrime Group (PNP-ACG), the National Bureau of Investigation (NBI), and the Cybercrime Investigation and Coordinating Center (CICC) to pursue fraudsters. GCash educates its users through the #GSafeTayo campaign, providing information on how scams work and how to prevent them.
3. What should users do to ensure their GCash account security?
Users are advised to be cautious and follow certain precautions to ensure the security of their GCash account. GCash will never send personal messages to address concerns or request personal information, especially the MPIN and OTP. Users should be wary of phishing schemes in the form of fake websites and suspicious online games. It is recommended to make transactions only within the GCash app. If users come across scams or fraudulent activities, they can report them through the official GCash Help Center at help.gcash.com/hc/en-us or contact the GCash hotline 2882 for queries and concerns.
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