Developed through a collaboration between Singapore-based fintech firm Open Fabric and the country’s leading finance super app and largest cashless ecosystem, GCash, the initiative aims to modernize the way Filipinos pay.
The collaboration paved the way for a faster and more seamless integration with Mastercard. This technological platform allows GCash users to send payments to merchants that accept Mastercard across the Philippines in a secure and more convenient way.
The system leverages Open Fabric’s encrypted tokenization transaction technology, ensuring that payments remain secure and operational even in areas with limited connectivity—a key consideration especially in the Philippines, where digital infrastructure remains uneven.
Tap to Pay enables GCash users to complete transactions simply by tapping their NFC-enabled Android phone on any compatible point-of-sale (POS) terminal that accepts card payments. This greatly enhances the use of the GCash app as users can now pay using GCash to merchants that accept Mastercard across the Philippines.
"At GCash, we continuously push the boundaries of digital payments to deliver a faster, more secure, and more inclusive cashless experience for Filipinos,"
said GCash vice president and head of product innovation Ferdie Perez.
"We believe that ensuring tech leadership is critical, and with the Open Fabric platform helping enable Tap to Pay, the next stage of digital transactions is achieved— and one that aligns with the pace of the country’s fast-evolving digital economy."
“GCash’s Tap to Pay solution is a game-changer, demonstrating how account tokenization and contactless technology can bridge gaps in financial access. We’re honoured to collaborate with GCash on this milestone. We look forward to scaling its impact– empowering more Filipinos with inclusive and next-generation payment experiences,"
said Soma Ramasamy, founder and CEO of Open Fabric.
The move reflects a broader global trend towards tap and go payments, already well established in countries like Singapore, Japan, and the United States. With Open Fabric’s infrastructure, the collaboration ensures that Filipinos gain access to the same level of efficiency and security that has become standard in more advanced digital economies.
A financially inclusive payments landscape
The expansion of GCash into NFC technology signals a shift in the local fintech landscape, where QR codes have long dominated digital transactions. While the Philippines’ reliance on cash remains high, the increasing adoption of contactless payments—fueled by growing smartphone penetration and consumer preference for frictionless transactions—suggests a transition towards a more digital-first economy.
For GCash, the move is as much about financial inclusion as it is about innovation. The company has positioned itself as a digital enabler, offering services that range from payments and savings to credit and investments. Tap to Pay is the latest addition to its expanding ecosystem, designed to integrate seamlessly into everyday commerce.
For more information, visit https://www.new.gcash.com.
About Mynt
Mynt is the first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.
About GCash
GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million 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’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.
Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
For more information, please contact:
Bruce Rodriguez, Head of Business Communications
Corporate Communications
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This press release is for informational purposes only and does not constitute, or form part of, any offer, solicitation, or invitation to sell, issue, purchase, or subscribe for any securities in the Philippines, the United States, or any other jurisdiction. No securities of Mynt, Inc. have been or will be registered under the U.S. Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offering of the securities of the Company in the United States. No money, securities or other consideration is being solicited by this document or the information contained herein and, if sent in response to this document or the information contained herein, will not be accepted. Any potential initial public offering and listing in the Philippines, if pursued, remain fully subject to prevailing market conditions and regulatory approvals, including the registration requirements of the Philippine Securities and Exchange Commission and the listing rules of the Philippine Stock Exchange, Inc., and there can be no assurance that any such filings will be made or that any offering or listing will be consummated. This document contains forward-looking statements that involve inherent risks and uncertainties; actual results, timelines, and outcomes may differ materially from those projected due to shifting market dynamics, economic environments, and regulatory updates.
