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Financial Plan

GCash is the leading finance app in the Philippines, allowing over 100 million Filipinos to access financial services conveniently through their mobile phones. As the country shifted towards digital payments during the pandemic, GCash transformed mobile phones into virtual wallets to send money, pay bills, buy load, shop online, and make purchases without cash. GCash is a joint venture between Globe Telecom, Ayala Corporation, and Ant Group to provide affordable and accessible financial services to Filipinos who previously faced barriers to traditional banking.

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Jerome Pascual
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97 views1 page

Financial Plan

GCash is the leading finance app in the Philippines, allowing over 100 million Filipinos to access financial services conveniently through their mobile phones. As the country shifted towards digital payments during the pandemic, GCash transformed mobile phones into virtual wallets to send money, pay bills, buy load, shop online, and make purchases without cash. GCash is a joint venture between Globe Telecom, Ayala Corporation, and Ant Group to provide affordable and accessible financial services to Filipinos who previously faced barriers to traditional banking.

Uploaded by

Jerome Pascual
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Financial Plan

GCash is the number one finance app in the Philippines. With a population of more than 100 million
people, the Philippines is more economically resilient that anticipates risk and build responsive capability
amid the pandemic, and among the drivers of this resiliency is its shift towards digital payments.
Consumers and businesses have embraced digital services, while the country's government has adopted
it in varying levels. With that, the company leading this digital revolution is GCash. Historically, financial
services in the Philippines have a high barrier to entry, requiring multiple physical documents to apply,
minimum balances, fees, and credit history. Filipinos have found it more convenient to shift to GCash for
their financial needs: Thanks to GCash's convenient application and overall ease-of-use, many more
Filipinos are now banked, now insured, have investments, and can access credit readily.

GCash is a Philippine mobile payments service owned by Globe Fintech Innovations, Inc. (doing business
as Mynt), and operated by G-Xchange, Inc. Mynt is a joint venture between  Ant Group, an affiliate
company of the Alibaba Group who operates Alipay, the world's leading mobile and online payments
platform; Ayala Corporation, one of the Philippines' largest and oldest business conglomerates; and telco
giant Globe Group, through its corporate venture builder, 917Ventures.

Along with the said financial resources of GCash, it transforms the mobile phone into a virtual wallet for
secure, fast, and convenient money transfer. GCash can be used to buy prepaid load, pay bills, send
money, make donations, shop online, and even purchase goods without the need for any cash.

Reference:

GCash (Mynt - Globe Fintech Innovations, Inc. ). (2021, September 28). Financial services are
experiencing massive adoption in the Philippines through GCash. PR Newswire: press release
distribution, targeting, monitoring and marketing.
https://www.prnewswire.com/news-releases/financial-services-are-experiencing-massive-adoption-in-
the-philippines-through-gcash-301386344.html

Wikipedia contributors. (2023). GCash. Wikipedia. https://en.wikipedia.org/wiki/GCash#:~:text=GCash


%20is%20a%20Philippine%20mobile,%2C%20G%2DXchange%2C%20Inc.

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