Amid heightened concerns over energy security and rising costs, ACEN and GCash are helping households from pilot cities- Pagudpud, Laoag, and Dingras- lower their electricity bills and gain reliable access to clean energy. This initiative is powered by Fuse, enabling homeowners
to pay for solar rooftop systems with affordable and flexible payment terms through GGives, the app’s Buy Now, Pay Later feature.
“This initiative reflects how strong collaboration between the public and private sectors can bring the benefits of renewable energy directly to communities. By combining solar technology, accessible financing, and local engagement, we are making clean energy more inclusive and within reach of Filipino households,”
said Eric Francia, ACEN CEO.
Filipino families continue to face rising power costs and solar energy offers a long-term solution to this problem, but the steep initial investment has made it out of reach for many. The Solar Rooftop Campaign breaks down that barrier by offering a simple, digital financing solution and expert-backed solar installation.
“This partnership with ACEN reflects our broader mission to integrate green financing solutions into our efforts to promote financial inclusion. Through this initiative, we are enabling Ilocano homeowners to access affordable, flexible solar energy financing — taking real, impactful steps toward making sustainable energy accessible to all.” said Tony Isidro, President and CEO of Fuse Financing Inc., the lending arm of GCash.
Fuse will handle the financing for this initiative through GGives, making it easy for homeowners to access solar energy and pay in budget-friendly installments of up to 10 years, as low as Php 1,300 per month. ACEN will lead program implementation, while Solaric, a leading solar rooftop company in the Philippines, and Ilocos Norte Electric Cooperative (INEC), the primary electric distribution utility of Ilocos Norte, will oversee the installation process.
Isidro also noted that empowering Filipinos to invest in solar energy goes beyond reducing electricity bills. “It’s about making sustainable living more inclusive,” he said. “ Through GGives, we’re making it possible for homeowners by giving them financial flexibility to manage their household needs while contributing to a more sustainable future,” he said.
This initiative aligns with the Philippines’ clean energy goals of reaching at least 35% renewable energy share by 2030 and 50% by 2040. By enabling more households to switch to solar, this partnership supports national targets for sustainability, energy security, and climate action.
With Ilocos Norte as the starting point, the project may serve as a blueprint for expanding green financing opportunities to other regions across the Philippines and drive a nationwide shift towards a more sustainable energy future.
For more information, please visit www.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
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.
