AsiaNet 86784

MANILA, Philippines, Nov. 23, 2020 /PRNewswire=KYODO JBN/ --

Being the top finance app in the Philippines currently, GCash has also emerged

as one of the top digital brands in the Philippines overtaking other popular

apps.

Data rankings from App Annie, a reputable global app ranking authority, showed

that GCash was among the top apps in terms of active users from January to

September 2020 in both Android and iOS, and have registered a whopping 130

percent app active user growth in September compared to the beginning of the

year.

GCash also noted that monthly downloads in the recent months have peaked to up

to 270 percent as compared to early 2020.

This new data from App Annie reinforces GCash's stronghold as the No. 1 digital

finance app in the country. With this, GCash, a proud Filipino digital brand,

proved that it can fare well against top global brands and is now embedded in

the everyday digital lifestyle of Filipinos.

"We at GCash are proud of this milestone, as we want to empower more people

with different digital financial services that they can take advantage of,"

GCash President and CEO Martha Sazon said.

"But above all, we saw how Filipinos are in need of services that can enable

them to function and do their normal day-to-day activities even when they are

staying at home. Other than having the power to conveniently shop at home,

people also want to conduct their other errands online -- and GCash is here to

support those needs," she added.

GCash has over 26 million users at present.

More and more now Filipinos use GCash as a partner in their daily lives,

especially in the new normal. GCash offers a multitude of digital financial

services to Filipinos, helping them with the payment of their bills, savings,

sending money, and borrowing money, among others.

GCash closing in on top global digital brands is a reflection to the growing

popularity of digital finance amid the pandemic.

Overtaking major global brands locally, GCash is strongly poised to be even

more embedded in the Filipino society and way of living as a means to adapt in

the new normal lifestyle.

"As we go deeper into the stay-at-home lifestyle and economy, more and more

Filipinos will focus on aligning their budgets and managing their finances, and

get the best tools that can help them with that," Sazon said.

"GCash is providing democratized access to financial technology or fintech by

making it easier for them to navigate the challenges of financial volatility in

these trying times," she added.

Aside from contactless payments and money transfers, GCash users can also pay

their bills, buy load, save money, borrow money, invest, and get insured among

many other financial services.

Globe Fintech Innovations Inc. (Mynt), which operates GCash, is part of the

portfolio companies of 917Ventures, the largest corporate incubator in the

Philippines wholly-owned by Globe Telecom Inc.

GCash is available for download on the App Store and Google Play. For more

information, kindly visit https://www.gcash.com/.  

For more information, please contact:

Winsley Bangit

Chief Customer Officer

GCash – (Mynt - Globe Fintech Innovations, Inc.)

8th Floor, W. Global Center, 9th Avenue corner 30th Street

Bonifacio Global City (BGC), Taguig, Philippines

Landline: +63 2 7967848

Email: corpcomm@mynt.xyz

For the latest updates, visit GCash's social media pages:

https://www.facebook.com/gcashofficial

https://www.instagram.com/gcashofficial

https://twitter.com/gcashofficial  

About Mynt

Mynt is a partnership between Globe Telecom, the Ayala Corporation, and Ant

Financial, that provides innovative and first-in-world fintech solutions to

consumers, merchants, and organizations. Its vision is to enable financial

access for consumers and merchants by disrupting traditional channels through

digital financial technology services. It operates two fintech companies:

GCash, a micropayment service that transforms the mobile phone into a virtual

wallet for secure, fast, and convenient money transfer, and Fuse, a tech-based

lending company that enables Filipinos to get microloans to business loans

without the traditional requirements set by banks and other lending

institutions. For more information, visit mynt.xyz.

SOURCE:  GCash