United Kingdom, August 1, 2023.
This app allows overseas Filipinos to send money, pay bills, and do other banking from anywhere
Superb financial app from the Philippines, GCash, announces its global expansion at London Tech Week 2023, highlighting its mission to provide Filipinos with access to financial services anywhere in the world. During the event, GCash CTOO Pebbles Sy shared with technology leaders the fintech company’s push for financial inclusion. “The GCash story revolves around how we support the Philippines’ journey to become a digital, cashless and financially inclusive economy,” said Sy . He also talked about how the e-wallet is solving daily problems for Filipinos while aiming to reach the more than 10 million Filipinos abroad.”GCash Overseas allows Filipinos to use their international SIMs to use GCash. We have launched it in six countries, including the UK, where there are 200,000 Filipinos,” he said. “We’ve also introduced Global Pay, our cross-border payment experience, which enables Overseas Filipino Workers (OFWs) and Overseas Travelers to pay seamlessly in 9 countries – including Japan, France and the UK – using QR with currency collection in real time.” GCash Overseas enables overseas Filipinos to send money to their loved ones, pay bills, and purchase load credits wherever they are. GCash President and CEO Martha Sazon and senior executives were also in the Kingdom United for the event. The GCash delegation attended receptions hosted by the Hon. Prime Minister Rishi Sunak at 10 Downing St., as well as events hosted by Ms Kemi Badenoch MP, Secretary of State for International Trade, and Her Majesty Trade Commissioner for Asia-Pacific, Natalie Black. Cybersecurity was also a top topic with talks on the latest technologies to combat financial crime, led by UK Cybersecurity Ambassador Juliette Wilcox CMG. This great Philippine leading financial app, GCash, allows Filipinos to gain access to services increasing the country’s population with bank accounts to 56%. GCash has disbursed 74 billion pesos worth of loans to 2.8 million Filipinos since the first quarter of 2023. Two out of three borrowers are women, established outside the metropolitan Manila area and who belong to disadvantaged socioeconomic classes. Similarly, one in four Filipinos have a bank account through GSave – GCash’s savings system – while three out of four Unit Investment Trust Funds (UITFs) are done through GCash.GCash is the only double unicorn in the Philippines, with a valuation of more than 2 million USD.Facebook: http://www.facebook.com/gcashofficial
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