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GCash and CIMB Bank offer up to 7% p.a. Interest with GSave

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To help Filipinos grow their finances and achieve their #IponGoals, GCash, the leading mobile wallet in the country, and CIMB Bank, the country’s leading digital banking services provider, are offering as much as 7% per annum on GSave. Currently the highest interest rate available in the market, the offer is available to GCash users who will sign up for their first GSave account from April 1, 2022 to June 30, 2022.

The GSave feature has been live in the GCash app since December 2018 in partnership with CIMB Bank. It has been providing unbanked Filipinos with the opportunity to open a savings account that requires no initial deposit, maintaining balance, or lock-in period.

A study conducted by GCash revealed that one out of every 5 banked adults has a GSave account, while a total of 5.3 million users have registered to GSave by the end of the first quarter of 2022.

“At GCash, we continuously strive to realize our vision of financial inclusion for all which is why we try to address the barrier between unbanked Filipinos and having a savings account. With GSave, we are enabling more Filipinos to grow their finances and build a better future for themselves and their loved ones,” said Martha Sazon, president and CEO of GCash.

GCash and CIMB Bank offer up to 7% p.a. Interest with GSave

The partnership with CIMB Bank has been helping GCash support the Bangko Sentral ng Pilipinas’ thrust to grow the number of Filipinos with a formal bank account by up to 70% in 2023. Based on estimates from monetary authorities, the number of banked Filipinos adults has already increased to 41 million as of the third quarter of 2021 or around 53% of total adult Filipinos.

To start saving via GSave, users just have to click its icon on the GCash dashboard and tap GSave by CIMB Bank. 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. The 7% p.a. interest rate will be effective for new users and will be applied to the first P100,000 average daily balance in the account for the first three months after successful account opening. A 4% p.a. promo interest rate will apply to balances from P100,000 to P200,000, which is still higher than what traditional banks offer.

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For more information, visit www.gcash.com.

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GCash

#GCash Officially Rolls Out in the United States Enabling Filipinos to Sign up with US Numbers

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GCash Overseas has officially landed in the United States, allowing the first 1,000 Filipinos there to sign up for the Philippines’ number one financial app by using their US mobile numbers.

Filipinos in the US can begin signing up for GCash regardless of their SIM cards and start supporting their families back home by sending money for free (GCash to GCash), paying bills, and buying them prepaid load credits.

#GCash Officially Rolls Out in the United States Enabling Filipinos to Sign up with US Numbers

“We’re excited to serve our over four million kababayans in the US as we prepare for a full launch later this year,” said Martha Sazon, president and CEO of GCash. “With strong support from the Bangko Sentral ng Pilipinas (BSP), we are able to make significant headway in achieving our vision of ‘Finance for All’ as we reach more Filipinos all over the world.”

Earlier this month, GCash received the green light from the BSP to start the initial launch of its overseas service which allowed Filipinos in Japan, Australia, and Italy to use GCash using any SIM from those countries. This has made GCash the first and only e-wallet in the Philippines to offer this kind of service overseas.

#GCash Officially Rolls Out in the United States Enabling Filipinos to Sign up with US Numbers

In just a few easy steps, Filipinos in the US and the initial three countries can begin using GCash. First, they just need to download the app from Google Play Store for Android, the App Store for iPhone and iPad users, or the Huawei Gallery. Then, users can select their country and input their details. To verify their account, they just need to scan their Philippine passport or other valid IDs and take a selfie.

Users in the US and Australia can also cash in for free via Remitly. They just have to download or open their Remitly app, select GCash as the e-wallet; enter the recipient’s name and mobile numbers; confirm the details and transfer the amount; and receive the funds straight in the GCash Overseas wallet. Finally, fully verified users can start sending money, paying bills, and buying load wherever they are, with just a few taps on the app.

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#GCash Officially Rolls Out in the United States Enabling Filipinos to Sign up with US Numbers

Aside from making GCash services available to more Filipinos worldwide, the e-wallet has also been continuously expanding its international payments touchpoints in partnership with global fintech giant, Alipay+. GCash can now be used to pay in select merchants across countries like Japan, South Korea, Singapore, Malaysia, and Qatar as well as top European destinations like the United Kingdom, France, Germany, and Italy.

To learn more about GCash Overseas, visit https://www.gcash.com/profile/overseas#

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GCash

#GCash Partners with Connected Women to Empower More Women to Take part in Freelancing Economy

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The country’s leading e-wallet GCash has collaborated with Connected Women, a socially-responsible platform that trains and offers flexible AI and digital job opportunities for Filipino women. The announcement of the partnership coincides with International Women’s Day, which is being celebrated under the UN Women and United Nations’ theme of “DigitALL: Innovation and technology for gender equality.

With its partnership with Connected Women, GCash aims to bring the entrepreneurial spirit of freelancing to its users, through a community of strong, empowered, and like-minded women. The Connected Women platform is now accessible through the Earn Money feature in the GCash app. Join the community and learn how to earn from home.

#GCash Partners with Connected Women to Empower More Women to Take part in Freelancing Economy

From left: Ferdie Perez, GCash Head of Commercial Product; Bobby Jimenez, Connected Women CTO; Gina Romero, Connected Women Founder & Head of Special Projects; Jasmine Kho, GCash Head of Commercial New Products & Platforms; Lhen Pavia, GCash AVP, Head of Public Sector & Partnerships

“Women are often referred to as the ‘ilaw ng tahanan’, something that many families rely on. Unfortunately millions of women are forced to leave the country in search of jobs and better opportunities which is why we at GCash are incredibly excited to share this opportunity with every Filipina, empowering them to support their family without having to say goodbye,” says GCash chief commercial officer Ren-Ren Reyes.

“We are thrilled to partner with GCash to empower more Filipino women in the freelance economy. This aligns perfectly with GCash’s mission to promote financial inclusion and innovation, and we look forward to working together to unlock the full potential of the gig economy for women in the Philippines,” says Gina Romero, Co-founder of Connected Women.

In line with the UN’s Sustainable Development Goals, GCash aims to be an organization that supports a more diverse, inclusive and gender-balanced society by providing equal opportunity.

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Filipinos in the US can soon use #GCash with American Numbers

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Just fresh from its initial rollout in Japan, Australia, and Italy, GCash Overseas is now expanding into the United States allowing the first 1,000 Filipinos there to use the e-wallet even without a Philippine SIM Card.

Filipinos in the US can soon sign up for GCash by using their American mobile numbers and start supporting their families back home by sending money for free (GCash to GCash), paying bills, and buying them prepaid load credits.

“Now that we have activated GCash outside of the Philippines, we are now working towards making it available in more countries. This time, we are adding the US to our list to be able to service over 4 million of our kababayans residing there,” said Martha Sazon, president and CEO of GCash. “With strong support from the Bangko Sentral ng Pilipinas (BSP), we are able to make significant headway in scaling our services, aligned with our vision of ‘Finance for All’.”

Earlier this month, GCash received the green light from the BSP to start the initial launch of its overseas service which allowed Filipinos in Japan, Australia, and Italy to use GCash using any SIM from those countries. This has made GCash the first and only e-wallet in the Philippines to offer this kind of service overseas.

Filipinos in the US can soon use #GCash with American Numbers

In just a few easy steps, Filipinos in the US and the initial three countries can soon begin using GCash. First, they just need to download the app from Google Play Store for Android, the App Store for iPhone and iPad users, or the Huawei Gallery. Then, users can select their country and input their details. To verify their account, they just need to scan their Philippine passport or other valid IDs and take a selfie. Fully verified users can then cash in via Remitly to start sending money, paying bills, and buying load wherever they are, with just a few taps on the app.

Aside from making GCash services available to more Filipinos worldwide, the leading e-wallet has also been continuously expanding its international payments touchpoints in partnership with global fintech giant, Alipay+. GCash can now be used to pay in select merchants across countries like Japan, South Korea, Singapore, Malaysia, and Qatar as well as top European destinations like the United Kingdom, France, Germany, and Italy.

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To learn more about GCash Overseas, visit https://www.gcash.com/profile/overseas#

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