GCash bags Best Digital Wallet in Asia Pacific Award
Leading mobile wallet recognized by The Asian Banker for three years in a row
Further solidifying its position as a leader in financial technology innovations and services in the Philippines, GCash, has once again been awarded by The Asian Banker (TAB) as the Best Digital Wallet in Asia Pacific at the Global Excellence in Retail Financial Services Awards 2023.
The award highlights the impact of GCash in the lives of over 79 million Filipinos by making safe digital transactions accessible, in line with its vision of “Finance for all”. Proving to be a game-changer in the fintech sector, this recognition is also GCash's third consecutive year to be recognized by TAB, and serves as an addition to its multiple accolades from the award-giving body.
“We at GCash are proud to receive this award from The Asian Banker Global Excellence in Retail Financial Services Awards 2023. Recognizing our efforts to champion financial inclusion in the country for three consecutive years fuels our motivation to strive harder to innovate for good by providing access to millions of Filipinos, wherever they may be”, said GCash Chief Marketing Officer, Neil Trinidad, who received the award on behalf of the company in Vietnam.
GCash continues to prioritize security, reliability, and relevant content and services in its app made to address its users’ needs, making it one of the largest digital ecosystems in its market. Currently, GCash serves 83% of the country’s adult population, with over 5.8 million partner merchants and social sellers. GCash offers a complete suite of products and services such as GCredit, GSave, GLoan, GGives, GInsure, GInvest, GCrypto, Send Money, Pay Bills, Buy Load, and has recently launched overseas services in countries like the US, Japan, and Australia.
The TAB Global Excellence in Retail Financial Services Awards is one of the most credible and longest-standing award-giving bodies in the industry. The program recognizes exceptional innovation, leadership, management, and performance in retail financial services, while it assesses the products and businesses of banks and non-banks through a comprehensive evaluation process covering more than 60 different award categories. It also extends coverage into Europe, North and South America.
As the nation is rapidly adapting to the digital age, GCash leads the entire Filipino nation in its journey toward a brighter, financially inclusive future.
The GCash app is available for free on Google Play, App Store, and the Huawei AppGallery.
For more information, 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.
