GCash Rolls Out New Visa Card for Millions of Unbanked Filipinosby Fintech News Philippines October 9, 2023
Philippines’ e-wallet GCash has partnered with Visa to launch the new GCash card that will give millions of unbanked Filipinos access to the benefits of owning one.
The GCash card can be used at over 100 million merchants in the Philippines and across the world.
Any fully verified GCash user can order the card through the app without additional documents or approvals.
The GCash card is powered by Visa, which means it can be used for payments overseas in over 200 countries and territories.
Users who have the GCash card will also have access to GInsure, a free insurance that provides coverage for unauthorised transactions and card replacement.
To order the GCash card, users can open the GCash app, go to “View all”, and find the “Manage” section. Click on “Cards” and tap “Order a GCash card”.
Ren-Ren Reyes, President and CEO of G-Xchange, the mobile wallet operator of GCash said,
“GCash is giving every Filipino, whoever or wherever they are, the benefits of owning a card, especially those with no bank accounts or documents typically required to apply for a card.
These include Filipinos with informal sources of incomes like freelancers and independent professionals as well as micro and small enterprises.”
Jeff Navarro, Visa’s Country Manager for the Philippines and Guam said,
“We are very happy to partner with GCash to provide the GCash card to Filipinos, which paves the way to better financial inclusion.
With the card’s contactless capability, it enables Filipino shoppers, especially those who don’t usually pay with cards, to shop conveniently and securely, joining millions around the world who have been tapping to shop, dine, and travel.”