PR98687

MANILA, Philippines, Nov. 8, 2022 /PRNewswire=KYODO JBN/ --

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.

GCash President & CEO Martha Sazon shares GCash's story during the panel

discussion on 'Navigating the Winds of Change in Digital Finance' at the

Singapore Fintech Festival.

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.

About GCash

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

GCash App, 69M registered users can easily purchase prepaid airtime; pay bills

at over 1,600 partner billers nationwide; send and receive money anywhere in

the Philippines, even to other bank accounts; purchase from over 5.2M partner

merchants and social sellers; and get access to savings, credit, loans,

insurance and invest money, and so much more, all at the convenience of their

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

Innovations, Inc.), the first and only duacorn in the Philippines.

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

outstanding digital financial inclusion programs.

Source: GCash

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=433283

   Caption: GCash President & CEO Martha Sazon shares GCash's story during the panel

discussion on 'Navigating the Winds of Change in Digital Finance' at the

Singapore Fintech Festival.