GCash is a Philippine mobile wallet, mobile payments and branchless banking service. Introduced in 2004, it is owned by Mynt (formerly Globe Fintech Innovations), which is a joint venture between Ant Group, an affiliate company of the Alibaba Group and the operator of the world's leading open digital lifestyle platform, Alipay; Ayala Group of Companies, one of the Philippines' largest business conglomerates; and Globe Telecom, one of the Philippines' largest telecommunications companies (on Globe's side, GCash is under 917Ventures).
As of 2019, it had 20 million active users and more than 63,000 partner merchants in the Philippines. However, in two years, owing to the rise of digital payments in the Philippines due to the COVID-19 pandemic, these figures more than doubled, with 46 million active users and 2.5 million merchants and sellers as of August 2021, making GCash the country's undisputed mobile wallet giant.
READ: List of GCash Over-the-Counter Cash-in Partners (and How to Cash-in)
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In 2020, GCash partnered with Philippine Seven Corporation allowing the use of the GCash app to pay in 7-Eleven branches via barcode throughout the country. 7-Eleven also has its own CLIQQ Wallet system for cashless transactions and its branches are one of the cash-in locations for GCash users.
In July 25, 2021, GCash announced that its remittance service, GCash Padala, is now available to non-app users through its 2,000 partners nationwide.
In November 2021, GCash's parent company, Mynt, announced that it raised $300M in funding at a $2B valuation, making Mynt a Philippine double unicorn.
HELPFUL ITEMS YOU CAN USE TO SAVE MONEY!
Here's my list of useful items for you to save or earn money wisely:
- Coin banks
- Informative books about money, saving and investments!
- Money organizer
Shopee is my go-to app for things I needed like the ones above. If you'd like discounts and vouchers, you may get the best offers here:
GCash
- Product type: Mobile payments/ Digital wallet
- Owner: Mynt (formerly Globe Fintech Innovations Inc., a venture of Alipay, Ayala Group and Globe Group)
- Country: Philippines
- Introduced: 2004
- Markets: Philippines
- Website: www.gcash.com
GCASH HELPFUL TIPS
- GCASH: How to Register, How to Verify, How to Cash-in
- How to Increase GCash Wallet and Transaction Limits
- How to Reach GCash Support
- How to link a BPI Account in the GCash app (and How to Cash-in)
- How to Register, Link and Cash-in Your Payoneer Accoung to GCash
- How to Link and Cash-in Your UnionBank Account in the GCash app
- List of GCash Fees
GCash News & Updates
Acknowledgement: This article is sponsored by Usapang Hanapbuhay.
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