GCash, the Philippines’ leading finance app and largest cashless ecosystem, brought the spirit of Filipino independence to overseas Filipino communities this June. From the vibrant streets of New York City to the sun-kissed shores of California and the cosmopolitan hub of Dubai, GCash joined hands with Filipinos living abroad to celebrate our cultural heritage and foster stronger ties with the homeland.
"In every corner of the world where Filipinos gather to celebrate our independence, GCash is there, empowering our kababayan with financial solutions that bridge distances and connect loved ones,"
said Paul Albano, General Manager of GCash International.
"Whether it's enabling seamless money transfers or providing access to essential financial services, GCash is committed to empowering overseas Filipinos to take control of their finances and support their families back home."
At the core of GCash's innovative approach lies cutting-edge technology that simplifies financial transactions for users across the globe. Through strategic partnerships and pioneering initiatives, GCash has revolutionized the way Filipinos manage their money, regardless of their location.
In New York City, the Philippine Independence Day Council, Inc. (PIDCI) hosted its grand Independence Day Parade, now in its 34th year and recognized as the largest Independence Day Parade outside of the Philippines. Amid the colorful floats and exuberant performances, GCash showcased its commitment to serving Filipinos worldwide.
Albano shared groundbreaking updates to the service, including GCash’s availability for download using a US mobile phone number. The app has also simplified money transfers from over 12,000 US banks to GCash accounts via a convenient new cash-in feature powered by a partnership with Meridian, an instant payments technology company headquartered in New York City.
Upon cash-in from a US bank, the app automatically converts dollars to pesos at a competitive ForEx rate, so GCash users can freely use their funds for direct transfers to other accounts and to pay billers.
Meanwhile, on the West Coast, the city of Carson, California, came alive with festivities, echoing the joys of Filipino culture. The community event at Veterans Park resonated with the spirit of celebration and unity. GCash set up booths parallel to the festivities, where attendees learned more about the app's seamless fintech solutions and its recent partnership with Meridian.
Across the globe, in Dubai, the Filipino community gathered at the 126th Kalayaan 2024 celebration held at the Dubai World Trade Center. GCash took center stage, showcasing its latest innovations and international expansion efforts, which aim to empower overseas Filipinos by providing them with convenient access to financial services and the ability to support their families back home.
As GCash continues to expand its reach and enhance its services, Filipinos worldwide can look forward to greater financial empowerment and connectivity, bridging the gap between continents and reinforcing the bonds of community and culture.
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.
