Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, November 08 2022 - 17:52
AsiaNet
GCash brings PH to global stage at Singapore FinTech Festival
MANILA, Philippines, Nov. 8, 2022 /PRNewswire-AsiaNet/ --

Fintech "double unicorn" GCash brings the Philippines to the global stage at 
the Singapore FinTech Festival (SFF) 2022, where it shared how it has remained 
relevant and kept its robust growth beyond pandemic lockdowns.

GCash President & CEO Martha Sazon shares GCash's story during the panel 
discussion on 'Navigating the Winds of Change in Digital Finance' at the 
Singapore Fintech Festival.

Along with other fintech leaders, GCash president and CEO Martha Sazon joined 
the panel session talking about, "Navigating the Winds of Change in Digital 
Finance," at the SFF Global Plenary. She was joined by other industry experts 
from Mastercard, Tencent, and bKash with the panel moderated by Haslinda Amin 
of Bloomberg TV.

Before an international audience, Sazon said, "we were there when the customers 
needed us the most. We were there to distribute financial aid to the 
constituents. We were also able to give access to essentials when people were 
locked down. And in the process, we built trust because we were one of the very 
few things that worked during the pandemic."

Sazon also shared that while the GCash team worried growth may slow as the 
world opened up again, they were surprised to see that the strong growth 
momentum continued.

In fact, she added, GCash users are now getting more stickier to the platform 
after the e-wallet has launched other use cases like lending, investment, 
savings, and insurtech.

But GCash isn't stopping there as Sazon emphasized the fintech company has more 
meaningful innovations in store to improve the daily lives of its users and 
help it achieve its vision of 'Finance for All'.

She added, GCash is focused on making its customers the "north star" so it can 
add more value to its services and create even more opportunities for growth.

"But the key really is to know the needs, serve the needs of customers, and, as 
I've always told my team, 'there's really no incentivized growth.' So there's 
now shortcut to growth, you have to have a compelling proposition for the 
customers," Sazon explained.

GCash is the Philippines' only "double unicorn" with a valuation of over $2 
billion. It has evolved beyond its core money transfer business – offering 
other financial services to the country's millions of unserved and underserved 
individuals. These include lending solutions, investment and insurance 
products, as well as other essential products and services under its e-commerce 
platform, GLife.

It's also been expanding further by offering partner marketing solutions, 
specifically, AdTech, promo, and identity solutions — all leveraging GCash's 
growing user base which on latest count, has already reached 69 million.

The Singapore FinTech Festival is now in its seventh year and is organized by 
the Monetary Authority of Singapore (MAS) and Elevandi. This year's theme is 
'Building Resilient Business Models amid Volatility and Change'. The event 
features more than 850 expert speakers and over 250 hours of content across its 
week-long program. It's regarded as the biggest gathering of its kind in the 
global fintech industry. The 2021 edition brought together 60,000 participants 
from over 160 countries.

About GCash

GCash (G-Xchange, Inc.) is the #1 Finance App in the Philippines. Through the 
GCash App, 69M registered users can easily purchase prepaid airtime; pay bills 
at over 1,600 partner billers nationwide; send and receive money anywhere in 
the Philippines, even to other bank accounts; purchase from over 5.2M partner 
merchants and social sellers; and get access to savings, credit, loans, 
insurance and invest money, and so much more, all at the convenience of their 
smartphones. GCash is a wholly-owned subsidiary of Mynt (Globe Fintech 
Innovations, Inc.), the first and only duacorn in the Philippines.

GCash was recognized by The Asian Banker (TAB) and by the IDC in 2021 for its 
outstanding digital financial inclusion programs.

Source: GCash 

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=433283

   Caption: GCash President & CEO Martha Sazon shares GCash's story during the 
panel discussion on 'Navigating the Winds of Change in Digital Finance' at the 
Singapore Fintech Festival.

Translations

Japanese