GCash brings PH to Global Stage at Singapore FinTech Festival #GCash #FinTechFestival
GCash CEO says the e-wallet continues to grow even as the world opens up
Fintech “double unicorn” GCash brings the Philippines to the global stage at the Singapore FinTech Festival (SFF) 2022, where it shared how it has remained relevant and kept its robust growth beyond pandemic lockdowns.
Along with other fintech leaders, GCash president and CEO Martha Sazon joined the panel session talking about, “Navigating the Winds of Change in Digital Finance,” at the SFF Global Plenary. She was joined by other industry experts from Mastercard, Tencent, and bKash with the panel moderated by Haslinda Amin of Bloomberg TV.
Before an international audience, Sazon said, “we were there when the customers needed us the most. We were there to distribute financial aid to the constituents. We were also able to give access to essentials when people were locked down. And in the process, we built trust because we were one of the very few things that worked during the pandemic.”
Sazon also shared that while the GCash team worried growth may slow as the world opened up again, they were surprised to see that the strong growth momentum continued.
In fact, she added, GCash users are now getting more stickier to the platform after the e-wallet has launched other use cases like lending, investment, savings, and insurtech.
But GCash isn’t stopping there as Sazon emphasized the fintech company has more meaningful innovations in store to improve the daily lives of its users and help it achieve its vision of ‘Finance for All’.
She added, GCash is focused on making its customers the “north star” so it can add more value to its services and create even more opportunities for growth.
“But the key really is to know the needs, serve the needs of customers, and, as I’ve always told my team, ‘there’s really no incentivized growth.’ So there’s now shortcut to growth, you have to have a compelling proposition for the customers,” Sazon explained.
GCash is the Philippines’ only “double unicorn” with a valuation of over $2 billion. It has evolved beyond its core money transfer business – offering other financial services to the country’s millions of unserved and underserved individuals. These include lending solutions, investment and insurance products, as well as other essential products and services under its e-commerce platform, GLife.
It’s also been expanding further by offering partner marketing solutions, specifically, AdTech, promo, and identity solutions — all leveraging GCash’s growing user base which on latest count, has already reached 69 million.
The Singapore FinTech Festival is now in its seventh year and is organized by the Monetary Authority of Singapore (MAS) and Elevandi. This year’s theme is ‘Building Resilient Business Models amid Volatility and Change’. The event features more than 850 expert speakers and over 250 hours of content across its week-long program. It’s regarded as the biggest gathering of its kind in the global fintech industry. The 2021 edition brought together 60,000 participants from over 160 countries.
Filipinos in the US can soon use #GCash with American Numbers
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.
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.
To learn more about GCash Overseas, visit https://www.gcash.com/profile/overseas#
#GCash #Robinsons Retail make Payments Faster and Safer with New Barcode Scanning
To help keep Filipinos safe in the new normal, GCash, the Philippines’ no. 1 financial app, and Robinsons Retail, one of the country’s largest omnichannel retailers, now offer safer and faster cashless transactions through barcode scanning.
The payment method is available at all Robinsons Department Stores, Robinsons Supermarkets, Robinson Easymart, Shopwise, The Marketplace, No Brand, and Southstar Drug as well as select Uncle John’s stores (formerly Ministop).
Paying via barcode scanning helps customers not worry about bringing the exact change or inputting the incorrect amount when making cashless transactions. It also enables merchants to manage their cash flow better and minimize errors when accepting payments.
To pay via barcode scanning, the customer just needs to generate a unique barcode from the GCash app. The Robinsons Retail store simply scans it so the shopper can pay for all the items – from groceries to medicine to Korean snacks – safely and quickly.
Thanks to the latest GCash app revamp, creating your personal barcode is a smoother process than ever. On the GCash app, simply tap the QR button on the homescreen to generate QR, pay using the QR code and present it to the cashier for scanning. It’s that simple!
“Shopping in malls is a big part of Filipino culture. It’s also how we get our essentials and more. And that shouldn’t lead to health problems or health scares. At GCash, we strive to make Filipinos’ everyday lives better, and with this exciting partnership with Robinsons Retail, we look forward to doing just that by offering safe and convenient transactions for Pinoys,” said Martha Sazon, GCash president and CEO.
Under this partnership, GCash aims to roll out the barcode scanning feature in more Robinsons Retail stores across the country.
“At Robinsons Retail, we do our best to make shopping a delightful experience for everyone. That means making it safe, easy, and hassle-free for shoppers whether they’re buying groceries for the week at a Robinsons Supermarket or a quick snack at an Uncle John’s. With GCash, paying for purchases at the check-out counter is easier and safer with just a few taps and a quick scan,” said Stanley Co, Managing Director of Robinsons Retail’s Supermarket Segment.
GCash’s scan-to-pay partnership with Robinsons Retail began in 2017 via in-store QR, which are still offered by all Robinsons Retail brands. Cash-in is also offered by Robinsons Department Store, Robinsons Supermarket, Robinsons Easymart, The Marketplace, Shopwise, and No Brand, Uncle John’s, and Southstar Drug. Cash-out is available at Robinsons Business Center.
For more convenient shopping on a budget, Robinsons Retail also accepts GCredit and GGives, which are both available on the GCash app. GCredit offers a credit line for up to P30,000 with zero annual fees. All you need is 1 valid ID and be at least 21 years old. GGives is an installment payment option for up to 24 months for purchases of up to P125,000 with an interest as low as 0% depending on your GScore.
Not yet on GCash? The GCash app is available for free on the Google Play Store, App Store, and Huawei AppGallery. For more information, visit www.gcash.com.
#GCash Headlines Mobile World Congress Keynote with Stories on Financial Inclusion
GCash CEO Martha Sazon leads keynote on changing user experiences and technologies
The Philippines’ number one financial app, GCash, is putting the spotlight on the Philippine fintech industry at the Mobile World Congress (MWC) in Barcelona – highlighting how fintech innovations are empowering millions of Filipinos.
Martha Sazon, President and CEO of GCash, will be taking GCash to the global stage once more, as she is one of the keynote speakers in a plenary session at the MWC on the topic “New Behavior for a New Reality.” A major feat for GCash and Philippine Fintech, Sazon brings the story of the Filipino to a global audience – showing the evolving user experience and how it has expanded its portfolio to provide access to affordable services to more Filipinos across various sectors.
Aside from the keynote session, Sazon is also part of a fireside chat tackling, “The Rise of Fintech Disruption.” She will highlight how fintech is enabling the creation of powerful and disruptive solutions that have been redefining the market.
GCash is now a double unicorn valued at $2 billion with a user base of over 76 million. It has been expanding beyond its core payments and remittance business as it brings essential financial services to more Filipinos.
GCash has already grown its services to include credit, savings, insurance and investment products. It also features an e-commerce platform that offers various retail options such as food, wellness, travel, recreation, and real estate services.
The leading fintech platform has also made waves with its beta launch of GCash Overseas. This rollout will allow the first 1,000 Filipinos based in Japan, Australia and Italy to sign up for GCash using an international SIM – another game-changer in the Philippine fintech industry.
GCash is one with its parent company, the Globe Group, in enabling an inclusive digital ecosystem in the Philippines.
The Globe Group, the country’s leading digital solutions platform, will also highlight its pivot from telco to techco at the MWC, led by its president and CEO Ernest Cu. Cu will join CEOs of top Southeast Asian telcos in a discussion on new network-related technologies and connectivity challenges in the Philippines, among others.
Hosted by GSMA, a global organization unifying the mobile ecosystem, this year’s MWC is held from February 27 to March 2, 2023. The MWC is the world’s largest and most influential exhibition for the connectivity industry.
Aside from being able to share its success story in helping create a more digital and inclusive financial system in the Philippines, the MWC will also provide a good opportunity for GCash to meet with like-minded partners on how it can deliver more digital financial solutions to Filipinos around the world.
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