Across the Philippines, micro, small, and medium enterprises (MSMEs)—from online sellers and cafés to neighborhood retail shops—are thriving not only through grit, but also with the help of digital tools that make operations easier and support business growth. Going digital, indeed, is the ideal path for merchants of all sizes as the economy pivots to a cash-lite society.
G-Xchange Inc. President and CEO Ren-ren Reyes, in a speaking engagement at the ANT Mo:Ments summit in Kuala Lumpur, Malaysia, stressed that digital tools must not only enable micro, small, and medium enterprises (MSMEs) to access digital payments but also improve the way they run their businesses.
GCash for Business is doing so with a suite of next-generation payment systems built to help Filipino merchants move faster, serve more customers, and grow their businesses more efficiently.
A seamless and inclusive payment ecosystem
For many MSMEs, going digital remains easier said than done. While studies show that 77% of MSMEs are interested in digital tools, only 20% have fully adopted them due to costs and technical skill gaps.
GCash for Business is making digitalization more accessible for them. The fintech leader offers easy-to-use payment solutions. These enable tap-to-pay and card transactions, giving merchants a faster and simpler way to accept payments.
More than these, merchants can access tools that help automate operations, attract customers through promos, and improve business management. The goal is to help businesses spend less time dealing with manual processes and more time growing their operations.
“We are helping merchants transition from manual roadblocks to digital efficiency, transforming everyday payments into engines for growth. With these devices and platforms, we are bridging the connectivity gap and ensuring that every Filipino entrepreneur—regardless of their location—has a seat at the table of the formal economy,”
Reyes said.
Building a digital track record for financial growth
Reyes further highlighted how digital transactions can help merchants build financial credibility.
Today, 55% of MSMEs have never applied for a formal loan, often because of fear of debt, high interest rates, and complicated application requirements. Many small business owners still rely on informal borrowing or personal savings, limiting their ability to expand operations, manage cash flow, or recover from unexpected expenses.
With GCash for Business, merchants can create a digital track record that may help them access financing options that are faster, fairer, and more inclusive. The lending arm of GCash, Fuse Financing Inc., has disbursed P406 billion worth of loans to 11.1 million unique borrowers to date. One in three borrowers is a small business owner.
By helping small businesses overcome barriers to digital adoption, GCash is turning everyday transactions into opportunities for growth, inclusion, and long-term financial progress for merchants across the country.
To get started, merchants can sign up via the GCash for Business Portal at business.gcash.com to gain access to affordable payment solutions and an easy to use all in one dashboard.
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
Legal Disclaimer & Safe Harbor Statement
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.
