GCash for Business General Manager Jong Layug and DTI Undersecretary Blesila A. Lantayona formalized the collaboration in a memorandum of understanding (MOU) signing ceremony on July 15 during the MSME Bayanihan Caravan 2025 event.
By joining forces with DTI, the Philippines’ leading finance super app aims to make payment and business solutions, such as GCash SoundPay, more accessible through their to-be-launched GCash for Business Portal, allowing MSMEs in rural and underserved areas to process transactions seamlessly. The DTI will play a key role in assisting MSMEs through its regional and provincial offices, as well as over 1,100 DTI Negosyo Centers, helping businesses innovate their operations.
“Through this partnership, we will introduce tailored digital business tools that meet the needs of the millions of Filipino MSMEs. Because when MSMEs progress, livelihoods improve, and the whole nation moves forward,”
Layug said.
Layug said GCash for Business seeks to empower MSMEs by transforming payment tools that many consider "not for them" into accessible, easy-to-use solutions. "While there are numerous options in the market and we know our MSMEs are resourceful and 'madiskarte,' many existing solutions can feel intimidating, expensive, and simply don’t fit where these businesses are in their journey," the GCash official stressed.
This initiative is also in line with DTI’s three key priorities: digitalization, inclusive growth, and global competitiveness.
“This isn’t just about technology—it’s also about enabling resilience, providing livelihoods, opening doors for aspiring entrepreneurs in every corner of the country, and creating a future where more Filipino businesses can succeed in a digital economy,”
said Lantayona, speaking on behalf of DTI Secretary Cristina Roque.
In addition to the MOU signing, GCash for Business shared its financial expertise at the trade caravan, offering valuable insights on digital payments and lending to guide digitalization efforts and support business expansion.
Merchants will find it easy and simple to make their first step towards digital transformation with a new and simplified self-onboarding process through the GCash for Business Portal. They can make unlimited transfers to merchant partners and banks, track transactions in real time — all for free, all from a single platform. Complementing this is a new payment solution designed to make the processing of customer payments easier and more convenient. With the SoundPay device, merchants can now hear it when a customer pays in their store, providing them with verification that the payment has been accepted in real time. Merchants can also watch out for a soon-to-launch solution that turns the merchants’ phones into a POS machine capable of accepting credit card payments anytime, anywhere.
Through the GCash for Business Portal, merchants can choose their business plan and select their payment device, giving them flexibility as they pursue this digital journey. In the portal, merchants can track transactions in real-time, with no wallet limits (for Pro plan) and no fees! Soon, with just a fully-verified GCash account (minimum 12 months), they can already register and start using GCash for Business solutions.
“This is financial inclusion in action—giving every MSME, no matter how small or remote, a real chance to participate in and benefit from the digital economy,”
said Layug.
The digital toolset stands to benefit over 1.2 million MSMEs in the Philippines, with most of them engaged in retail and restaurant businesses that require a reliable digital platform for managing payments and transactions.
However, digital adoption remains low, with only 16% of Filipino MSMEs embracing these tools, according to a Boston Consulting Group study. On a more positive note, the study also reveals that 77% of MSMEs recognize the need for these digital solutions to improve efficiency. Recognizing this gap, GCash for Business is here to support MSMEs in their digital transformation in an easy and simple way. Discover solutions and sign up today at https://new.gcash.com/business/msme#inquire-now.
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.
