GCash now empowers 60M users, 5M social media biz sellers

MINERVA BC NEWMAN

CEBU CITY – The GCash portfolio company under 917Ventures and wholly-owned subsidiary of Globe continues to empower some 60 million registered users, 5 million GCash merchant and social sellers, 232,000 cash in and cash out outlets and 420 GLife merchants.

GCash president and CEO Martha Sazon said, the company continues to expand in other regions across the country. Through these efforts and partnerships with local government units, GCash made financial services available to more people.  “These channels are key for us to reach our vision of finance for all.”

As market needs continue to change, GCash also continues to evolve its products to make Filipinos’ everyday lives better.  The mobile wallet has a lot more lined up in the coming months to further its goal of financial inclusion, Sazon said.

Based on the company’s estimates there are more than 300,000 sari-sari stores, market vendors, tricycle drivers onboard the GCash system, not just available as a payment option in online stores and major outlets but a whole lot of community stores.

By extending its offers and efforts to the community level, the Philippines’ dominant e-wallet platform has given over 240,000 sari-sari store owners access to its services as well as additional livelihood opportunities, the company revealed.

According to GCash, sari-sari store owners for instance can earn up to P10,000 a month as a GCash Pera Outlet. They can offer cash in, cash out, bills payments, and fund transfers. Non-GCash users can also claim GCash Padala sent to them.

GCash has also onboarded 20,000 market vendors and 31,000 tricycle drivers through partnerships with wet markets and tricycle drivers’ associations.  This makes transactions not only secure and safe but also eliminates the need to bring money and search for loose change.

Indeed, community stores with GCash system makes payments and money transfer easier and more convenient.