GCash

GCash Fuse Sakto Loan offers

Published

3 weeks ago

September 4, 2023

The financial superapp introduces Sakto Loan, an option for users to borrow small amounts of as low as PHP 100

Financial super app GCash, together with Fuse Lending Inc., introduces GCash Sakto Loans, a nano loan offer that enables GCash users to easily borrow small amounts as ‘pambale,’ as it seeks to provide more Filipinos with access to fair, easy and inclusive loan options without the need for bureaucratic paperwork.

A GCash study found that nine out of 10 Filipinos have to borrow money to make ends meet. But with the rigorous loan application process set by formal institutions and banks, more than half resort to borrowing from informal lenders with high interest rates and sometimes abusive collection practices.

“Sakto Loans serves as an expansion of our suite of lending options GLoan, GCredit and GGives, which has provided users with a convenient way to borrow money with just a few taps on their phone. Through access to fair lending, we are able to provide more Filipinos access to borrowing means that truly prioritizes their needs,” said Tony Isidro, CEO of Fuse.

During the GCash x Fuse: Borrow for Tomorrow, an immersive product showcase held in Maybank Performing Arts Theater last August 30, GCash officially introduced Fuse as its lending arm.

“We at GCash take great pride in the fact that our story and our success are written and rooted on the ground. We are deeply connected to all our customers. We know them, we seek to understand their circumstances, and we are right there with them, providing digital solutions that ease the challenges of daily life,” Martha Sazon, CEO of GCash, underscored.

Since 2016, Fuse has disbursed PHP 100 billion in loans and has helped over 3 million Filipinos achieve their dreams. With the inclusion of a nano-loan offer in its extensive lineup of lending products, GCash and Fuse hope to expand its vision of making financial services more accessible to Filipinos, including the unbanked.

“We are committed to perfecting our lending solutions because we believe that Filipinos deserve better loan options,” Isidro noted. “And we are grateful that in the course of helping borrowers nationwide, we have also grown three times more than we did in 2022.”

GCash Sakto Loans for ‘sakto’ needs

GCash Sakto Loans is an extension of GLoan, GCash’s instant cash loan, and GGives, its light and flexible buy now pay later loan. With no additional minimum requirements needed, GCash Sakto Loans serves as an entry-level loan for those who are not yet eligible to borrow larger amounts on the app but are in need of small amounts to supplement their budget.

With a processing fee as low as PHP 6.50, GCash users may borrow amounts as small as PHP 100 up to PHP 1000 at zero interest, which could be paid either after 14 or 30 days.

“Sakto Loans offer an added comprehensiveness to our already extensive product lineup. In instances where we only need a small amount to get by, this nano-loan feature will save us the time and energy of having to borrow from family and friends or even informal lenders,” Isidro emphasized.

Inclusivity through fair and easy loans

With its borrowing solutions, GCash hopes to level the playing field and provide equal opportunities for every Filipino. Its vision of bringing financial progress to everyone can be seen in the 85% of GCash users who come from C2DE or lower socio-economic classes, the 55% who are female, the 60% who come from the youth ages 19-35 years old and the 70% who are based outside Metro Manila.

While there is still a stigma when it comes to loans, GCash hopes to highlight that borrowing money is one way of bringing Filipinos closer to their goals.

“We’re reimagining lending to ensure that it is not only hassle-free and convenient, but is also driven by the individual circumstances of our user base. By putting their stories at our core, we hope to break down barriers so that Filipinos can access the loans that they need to support financial progress,” Sazon added.

Users may access GGives, GLoan and GCredit through the GCash dashboard or find it under “Borrow.” No GCash yet? Download the GCash App on the Apple App Store, Google Play Store, or Huawei App Gallery. Kaya mo, i-GCash mo!

GCash

GCash joins forces with Mapúa to enhance FinTech program

Published

7 days ago

September 20, 2023

Jervie David Montejar

Leading organizations partner to produce industry-ready fintech graduates

To help institutionalize Financial Technology (FinTech) as an emerging field of study, leading STEM university, Mapúa, has tapped the expertise of the Philippines’ no. 1 finance super app, GCash, to further develop its ‘Bachelor of Science in Financial Technology’. The program will combine formal tertiary education and professional immersion with fintech industry leaders and is the newest undergraduate program under Mapúa’s E.T. Yuchengco School of Business, in collaboration with Arizona State University.

GCash and Mapúa formally inked their partnership through a Memorandum of Understanding (MOU) signing held at Mapúa University’s Makati campus on August 30, 2. Signing the agreement were GCash chief people officer Robert Conrad Gonzales, Mapua University president and CEO Dr. Dodjie S. Maestrecampo, and Dr. Jagdeep Jassel, Dean of the ETY School of Business.

GCash joins forces with Mapúa to enhance FinTech program

From L-R: Dr. Jagdeep Jassel, Dean of ETY School of Business; Robert Gonzales, GCash Chief People Officer; and Dr. Dodjie S. Maestrecampo, Mapua President & CEO.

The partnership between GCash and Mapúa University signifies a remarkable synergy between academia and the fintech industry, where theoretical knowledge converges with real-world application. The launch of the BS in Finance Technology program marks a transformative step towards equipping students with the skills and insights needed to excel in the rapidly evolving landscape of financial technology.

“We recognize that partnerships with universities are crucial in the pursuit of our financial inclusion goals, as we are always looking for fresh young talents to join the G Nation. We intend to continue investing in the youth as the fintech industry continues to grow rapidly,” says Gonzales.
“Through this partnership, we aim to be at the forefront of developing talented young professionals in tech. We aim to be the industry eye that can give relevant perspectives and support on internships, curriculum development, faculty immersions, scholarship programs, and other related pursuits,” Gonzales adds.
“We are very excited to see the development of this program. With this partnership, we are confident that we can present fintech to the younger generation as a path with many opportunities, especially with industry leaders from GCash who can share their expertise first-hand, which will greatly help us in designing the curriculum,” says Mapua Dean of the ETY School of Business Dr. Jagdeep Jassel.

The Mapúa E.T. Yuchengco School of Business is also in collaboration with Arizona State University (ASU), the no. 1 “most innovative school” in the U.S. by the U.S. News & World Report. This collaboration opens the doors of students to world-class learning resources and prepares them for a career at par with the rest of the world.

Since the pandemic, fintech leader GCash has helped reduce the number of unbanked Filipinos, providing savings, credit, insurance, wealth growth, and other financial services that had only been available to a few in the past. Believing that the goal of finance for all should be a continuous and sustainable journey, GCash has begun partnering with universities not only to fill up career opportunities in their organizations but also to be the training ground for future fintech leaders.

The partnership between Mapúa and GCash will encompass immersions, and experiential learning. Best of all, it will involve the co-development of subjects leveraging GCash’s industry experience. This collaborative effort ensures that the program remains at the forefront of industry trends, preparing students for the challenges and opportunities of the evolving financial technology landscape.

For more information, visit https://www.gcash.com

GCash

GCash Spoofing Scammers Warning

Published

1 week ago

September 19, 2023

Jervie David Montejar

With online scams becoming more and more sophisticated by the minute, GCash and the Philippine National Police Anti-Cybercrime Group (PNP-ACG) are taking this issue seriously.

The newest on the block is called “spoofing scam.” Spoofing scam is a scam where perpetrators use illegal software to make their text scams look like they came from legitimate sources like banks, e-commerce companies, and other big, trusted companies. Since they appear ‘legit,’ unsuspecting targets may fall victim and unknowingly click the link and leak sensitive personal and financial information to fraudsters.

To prevent this from happening to its customers, GCash, the Philippines’ number 1 fintech app, warns its users that all of their Send Money Confirmations are now sent to the GCash App inbox. They also remind the public that if any individual messages them that they have mistakenly sent money to their GCash account and are asking to send it back, they should be vigilant and check their transaction history first to know if this is correct or a ploy to steal from them.

Cyber security specialist is pushing SPOOFING on an interactive touch screen interface. Information technology concept and computer security metaphor for a program masquerading as another.

GCash is also in close communication with the PNP-ACG on how they can better serve their customers in cases where they get scammed. For individuals who believe that a fraudulent transaction has occurred in their accounts, they are encouraged to contact the GCash customer care hotline at 2882 or send a ticket to their GCash Help Center at help.gcash.com or message Gigi on the website and type “I want to report a scam.”

Learn more about how to protect yourself and your family and don’t hesitate to contact the PNP Anti-Cybercrime Group if you need help. Contact them at hotline (02) 8414-1560, 09985988116 or via email at acg@pnp.gov.ph.

GCash

GCash HOPE and Century Pacific Food, Inc

Published

2 weeks ago

September 13, 2023

Jervie David Montejar

Announced milestone and showcased coconut industry potential at World Congress

The Philippines is one of the world’s largest exporters of coconut products, however, this industry faces multiple challenges such as low productivity due to a host of social, financial and logistical factors. To further support and promote the country’s coconut industry, leading fintech superapp GCash, through its in-app sustainability feature GForest, in partnership with HOPE and Century Pacific Food, Inc. (CPFI), has planted one million coconut trees in Mindanao alone, co uplifting the lives of over 7,600 smallholder farmers, of whom 32% are women.

GCash and its partners also attended the World Coconut Congress, which was recently held at the World Trade Center in Pasay City, where GForest sustainability head CJ Alegrem, along with Nanette Medved-Po, founder and chairwoman of HOPE, and Noel Tempongko, Vice President and General Manager of Century Pacific Agricultural Ventures, Inc. (CPAVI), CPFI’s OEM-Coconut business, proudly shared the positive impact of their partnership.

“The success of the GForest program in Mindanao is a testament to our ‘Tech for Good’ vision. With the help of our green heroes, the one million coconut trees planted in the region brings us closer to our goal of contributing to carbon sequestration, while at the same time, providing sustainable livelihoods for local farmers,” shared Alegre.

This initiative not only aims to address the challenges surrounding the direct supply chains for coconut oil, but also the cultivation areas as a whole as the project supports local communities, helping them achieve financial growth and empowerment.

“We’re incredibly proud of what GCash, HOPE, and Century Pacific Food, Inc. have achieved together. The work doesn’t stop there. We are committed to continuing our work towards a healthier planet while providing livelihood to smallholder farmers who need it the most,” said Medved-Po.

The partnership was initially launched in August 2021 through GForest, an environmental protection feature on the GCash app that allows users to take an active role in the country’s reforestation efforts. Through the platform, GCash users earn green energy points, which can be used to plant virtual trees. In turn, GCash, together with its partners across the Philippines, plant an actual tree for every virtual tree in the app.

Take part in celebrating the impactful potential of the coconut tree by joining GForest. To activate, tap GForest in the GCash app, read the user agreement, and click ‘I want to help! Then allow access to your contacts and health app. Once accomplished, you can now start collecting energy points.