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MANILA, Philippines, July 7, 2022 /PRNewswire=KYODO JBN/ --

The Philippines' most popular e-wallet super app GCash represented the

Southeast Asian country in an intimate roundtable discussion among Asia-Pacific

tech representatives and top UK officials at 10 Downing Street, the British

Prime Minister's official residence and office in London.

This was part of GCash's series of engagements in the UK as the only Philippine

fintech firm invited to join the London Tech Week 2022, Europe's largest

technology festival which covers digital innovations and its future

possibilities.

As the country's lone fintech delegate, GCash President and CEO Martha Sazon

held talks with UK Trade Commissioner for Asia Pacific Natalie Black CBE and  

UK Secretary of State for Trade and President of the Board of Trade Anne-Marie

Trevelyan. Sazon also held a separate meeting with the UK Secretary of State

for Digital, Culture, Media, and Sport Rt. Hon. Nadine Dorries MP.

"It's a rare privilege to have been invited to an exclusive dialogue with the

Prime Minister's closest advisors at 10 Downing Street. We had a very inspiring

discussion on ways to leverage tech here to drive development," shared Sazon.

"We at GCash are humbled and honored to hear how impressed the UK officials are

with what GCash has achieved. Because of that, they believe in the opportunity

the Philippines has to offer in the tech space," added Sazon.

Natalie Black, Her Majesty's Trade Commissioner to Asia Pacific, congratulated

GCash for its participation in the London Tech Week.

"I was delighted to welcome GCash, the Philippines' largest unicorn, to London

Tech Week to share their insights on financial technology and inclusion. They

were part of our Asia Pacific delegation consisting of over 350 investors,

entrepreneurs and government officials from Asia Pacific," Black said.

"The Philippines is an important partner to the UK, with our trading

relationship worth nearly £2 billion in 2021. And with total tech spending in

the Philippines reaching more than £6 billion last year, I believe our digital

trade partnership will only grow deeper and stronger with the help of companies

like GCash," she added.

GCash's presence at the London Tech Week is a milestone for the fintech

company. The event gave the Filipino firm a global platform to show how its

products and services champion financial inclusion in a developing country like

the Philippines. Based on the latest count of the Bangko Sentral ng Pilipinas,

the country's central bank, nearly half of the Philippines' 72-million adult

population is still unbanked.

GCash has been making a great headway into giving more Filipinos access to

financial services as it prides itself as the country's only double unicorn –

having a valuation of over USD$2 million. The company provides financial

services such as e-wallet and cash transfers, savings, investments, and loans

to 60 million Filipinos or over 83% of the Philippine adult population. In

March alone this year, GCash was able to facilitate P500 billion ($9 billion)

in total gross transaction value – its highest ever in a single month.

The operator of GCash, Mynt, is backed by one of the Philippines' largest

telecommunications companies, Globe Telecom, which holds a 35.5% stake as well

as China's Ant Group which owns a 34% interest. Other investors include Bow

Wave Capital (14%), Warburg Pincus and Insight Partners (~11% collectively),

and Ayala Corporation (5%), one of the Philippines' oldest and largest

conglomerates which also controls Globe Telecom.

With its vision of promoting "Finance for All", GCash is setting its sights on

achieving more game-changing milestones to reach out to more sectors,

especially the underserved and vulnerable groups, and contribute to building a

more robust economy.

To learn more about GCash, visit www.gcash.com .

About GCash

GCash (G-Xchange, Inc.) is the #1 Financial App in the Philippines. Through the

GCash App, customers can easily purchase prepaid airtime; pay bills at over

1.3k partner billers; send and receive money anywhere in the Philippines, even

to other bank accounts; purchase from over 4.5M partner merchants and social

sellers; cash-in and cash-out at over 170k partner agents; and get access to

savings, credit, insurance and invest money all at the convenience of their

smartphones. GCash is a wholly-owned subsidiary of Mynt (Globe Fintech

Innovations, Inc.).

GCash was recognized by The Asian Banker (TAB) and by the IDC in 2021 for its

outstanding digital financial inclusion programs impacting 60 million Filipinos

in the country today.

SOURCE: GCash (Mynt - Globe Fintech Innovations, Inc.)

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=424959

   Caption: (From left to right) GCash Chief Technology and Operations Officer Pebbles Sy,

GCash President and CEO Martha Sazon, Her Majesty's Trade Commissioner to Asia

Pacific Natalie Black, and GCash Chief Finance Officer Tek Olaño at the opening

ceremony of the London Tech Week 2022