GCash Pushes Its Way to the Top of Local App Rankingsby Fintech News Philippines November 24, 2020
Philippine mobile money wallet GCash was among the top apps in terms of active users from January to September 2020 in both Android and iOS.
This was revealed by the data rankings from App Annie, a reputable global app ranking authority. GCash registered a whopping 130 percent 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. GCash reportedly has over 26 million users at present.
“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,”
A growing number of Filipinos use GCash in their daily lives, especially in the new normal. GCash offers a multitude of digital financial services to Filipinos such as bill payments, savings, sending money and money lending among others.
Globe Fintech Innovations Inc. (Mynt), which operates GCash, is part of the portfolio companies of 917Ventures, a corporate incubator in the Philippines wholly-owned by Globe Telecom Inc.
Featured image credit: Edited from Pexels