Wallets
Fuse Lending and GCash Partner to Offer Nano Loans to Filipinos
Philippines e-wallet GCash its credit affiliate Fuse Lending, a consumer and business lending marketplace, have rolled out ‘GCash Sakto Loans’. This new nano loan offering is designed to help Filipinos borrow small amounts of money conveniently without any paperwork. GCash
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GCash Will Soon Charge PHP 5 Fee for BPI, UnionBank Cash-Ins
Philippines e-wallet GCash will start charging a PHP5 convenience fee for every cash-in transaction from Bank of the Philippine Islands (BPI) and UnionBank starting in the fourth quarter of 2023, according to a report by Philstar Global. GCash’s President and
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NPC Says Unauthorised GCash Transactions Were Result of Phishing Attacks
The Philippines’ National Privacy Commission (NPC) concluded that the recent unauthorised deductions from multiple accounts from mobile wallet GCash amounting to PHP 37 million (approximately US$660,000) was the result of a phishing incident. This echoes what the Bangko Sentral ng
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Grab Philippines in the Midst of Issuing Refunds Totaling PHP 6.7 Million
Grab Philippines is reportedly in the midst of issuing refunds of PHP 6.7 million (US$ 118,500) to its users following the Philippine Competition Commission’s (PCC) orders to do so, according to the Manilla Bulletin. The e-hailing app needs to disburse
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Cashless Philippines: Becoming a Cash-Lite Economy
The Philippines has been gaining tremendous momentum in its bid to become a cashless society. Such is the speed of the process that, according to the latest Visa Consumer Payment Attitudes Study, 92 percent of Filipinos have been using multiple cashless
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GCash Surpasses PHP 2.5 Billion in Loan Disbursements Within 10 Months
Philippines’ mobile wallet GCash has disbursed more than PHP 2.5 billion in cash loans in just 10 months since the launch of GLoan. According to GCash, this reflects the significant demand for affordable and fair lending rates among Filipinos. Offering
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GCash Surpasses PHP 500 Billion in Gross Transaction Value
Philippines’ mobile wallet GCash announced that it had surpassed PHP 500 billion in Gross Transaction Value (GTV) in March 2022. GCash said that it has daily logins and transactions of up to 29 million and 19 million respectively. To date,
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Mynt Secures US$300 Million in Funding, Doubling Its Valuation to US$2 Billion
Mynt, the holding company of Globe’s fintech arm managing the GCash e-wallet, has raised over US$300 million in funding, valuing the company at over US$2 billion. The company was the only Philippines startup that made it onto Credit Suisse’s list
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Mynt Emerges as Lone Filipino Startup on Credit Suisse’s ASEAN Unicorn List
Mynt, the holding company of Globe’s fintech arm managing the GCash e-wallet, is the lone Philippines startup that made it onto Credit Suisse’s list of 35 unicorns in Southeast Asia. Credit Suisse’s list highlights technology companies in several industries and
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PayMaya Teams up With bolttech to Offer Microinsurance for Filipinos
Philippines digital wallet PayMaya has teamed up with Singaporean insurtech bolttech to give Filipinos easier access to affordable microinsurance and services products. Through the collaboration, PayMaya’s customers can benefit from relevant and easy-to-understand coverage with the in-app Protect feature, powered
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