MANILA, Philippines, April 25, 2024 – GCash, the Philippines' leading finance app and largest cashless ecosystem, celebrates International Girls in ICT Day with a series of initiatives where women in tech are recognized. With this year's theme centered on leadership, GCash recognizes the impact women have not only for the industry but the community as a whole.
"There can be no true financial inclusion without the contributions of women," said GCash President and CEO Martha Sazon. "Over half of GCash users are female, and if we want to keep boosting the digital finance capabilities of the Philippines, we need more women in tech."
GCash leads the way in welcoming and celebrating women in tech. More than 47% of GCash's workforce are female, well above the industry average of 28.8%. This continued to grow in 2023 as GCash welcomed 31% more women in its tech-related teams from software development to technology research, and product innovations.
As a FinTech led by women for women, GCash recognizes its role to be a catalyst for inclusion and empowerment. It provides accessible financial tools to sectors that were formerly excluded, the majority of which are women. GCash paves the way to enable them to support their livelihood, access loans, and take control of their finances.
GCash collaborates with various communities to enable more women to join the science, technology, engineering, and math (STEM) fields. The company has partnered with organizations such as Connected Women, which has helped more women access remote work opportunities and training for in-demand skills globally. Just recently, GCash renewed its partnership with Connected Women to launch a purely online training, Elevate GAIL (Generative Artificial Intelligence Learning).
This International Girls in ICT Day, GCash is offering more opportunities to women by extending its expertise through mentoring sessions via external partners. In today's event organized by the International Telecommunication Union (ITU) and Department of Information and Communications Technology (DICT), GCash's Chief Data Officer Sara Venturina and Chief Risk Officer Ingrid Beroña will be sharing their journeys and insights on Data and AI, as well as Cybersecurity, respectively, to students at the Far Eastern University.
GCash also regularly organizes GTalks, a platform that engages stakeholders on advocacies important to the company. Its upcoming GTalks in May will put a spotlight on how women can thrive in the tech industry. Through the partnership with the University of the Philippines Diliman, GCash hopes to encourage more female students to find their calling in STEM.
Through the International Girls in ICT Day, GCash underscores the importance of empowering women in technology, especially in a nation where most digital wallet users are women. GCash is proud of its role in championing this cause, one women leader at a time.
“Technology is ever-changing and evolving,” Sazon said. “We at GCash envision a future where the tech industry has also evolved for women to thrive, which is one of the keys to financial inclusion and economic progress.”
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.
