According to The Global e-Waste Monitor 2024 report, the Philippines generated 540 million kg of e-waste in 2022, with lack of access to proper e-waste disposal facilities as one of the key contributors to this challenge. E-waste is one of the biggest challenges of the digital age, and GCash is leading the way in managing its carbon footprint and promoting responsible e-waste management.
“By finding ways to extend the life of devices and embracing creative approaches to repurpose and recycle, we’re doing more than reducing waste—we're advocating for a sustainable economy, one where resources are reused, valued, and given new life,”
said Pebbles Sy, Chief Technology and Operations Officer at GCash.
“This collaboration proves that when like-minded organizations join forces, we can achieve so much more for the planet and our communities.”
Zolo , an Australian company with operations in the Philippines and a carbon-neutral company that helps businesses manage their IT assets sustainably, shares GCash’s vision of a greener planet. By extending the lifecycle of electronic devices, Zolo helps conserve resources and reduce the demand for new materials.
“It is a pleasure for us as someone who is trying to push the boundaries of sustainability to find a partner that we can do this with. It is not easy in the Philippines to find such a partnership,”
said Saar Herman, Country Manager at Zolo.
“At Zolo Philippines, we are deeply committed to bringing sustainability into places, companies, and communities.”
This partnership aligns with GCash’s ongoing efforts to promote sustainability, which include its GForest initiative. Launched in 2019, GForest has evolved from a reforestation effort into a significant eco-movement, now encompassing agroforestry to support the livelihoods of local communities. By working together, GCash and Zolo aim to inspire other organizations to adopt sustainable practices and contribute to a healthier planet. To date, over 2,810,000 trees have been planted by the movement created by GForest, covering 11,600 hectares and providing incremental livelihood to 8,600 farmers.
Meanwhile, proceeds of GCash’s partnership with Zolo will go to the ABS-CBN Foundation, a non-profit organization active in environmental stewardship and community service.
“GCash has created a movement that allows millions of Filipinos to participate in meaningful action to protect the environment and combat climate change. Now, we’re leading the charge for another movement—addressing e-waste and expanding the lifecycle of unused devices,”
stated CJ Alegre, Sustainability Head at GCash.
“We are forging a sustainable legacy. Together, we are pioneering a sustainable revolution in fintech where every transaction brings us closer to a greener future.”
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.
