In response to recent challenges brought by super typhoon Carina (international name Gaemi), GCash, through its credit arm Fuse Lending, has announced a two-week payment grace period to borrowers of GLoan and GGives in calamity-hit areas.
“Understanding the importance of having extra money during these challenging times, GCash is offering a grace period to customers whose due dates fall between July 21 and 31, 2024,”
said Tony Isidro, president and CEO of Fuse Lending.
This initiative allows customers in some areas of regions III, IV-A, and the National Capital Region affected by Typhoon Carina to postpone their loan payments to August without incurring any penalty charges.
Buy load fees waived
GCash is also waiving the fees for users availing of buy load promos worth P59 and below starting 12 noon of July 25 to July 31.
This would help ease the expenses of customers affected by the severe rains and flood – allowing them to stay connected with their loved ones, updated on news, and continue their livelihood like working from home with ease.
Ensuring GCash Pero Outlets can provide affordable services
To help sari-sari stores in areas affected by super typhoon Carina continue to provide services to their communities, the 0.5% cash-in fee for GCash Pera Outlets is also waived.
This would allow them to fund their wallets without any additional cost and allow them to provide much-needed services like buy load, pay bills, as well as cash-in and cash-out.
#TulongMoiGCashMo: making donations accessible for everyone
To mobilize the spirit of bayanihan amid the onslaught of the heavy rains and flood, GCash is also supporting various organizations by helping them raise funds to mount relief operations for communities hit by the severe weather.
“We are deeply concerned for areas affected by Typhoon Carina,"
said Ren-Ren Reyes president and CEO of GCash mobile wallet operators G-Xchange, Inc.
“Our priority now is to ensure concerned organizations can quickly mobilize aid, tapping into the reach and impact of GCash.”
GCash users can contribute to various reputable non-governmental organizations which mount rescue, relief, and recovery operations. These NGOs include:
- Ayala Foundation
- ABS-CBN Foundation
- GMA Kapuso Foundation
- UNICEF
- Philippine Red Cross
- Caritas Manila
- Save the Children
Users can opt to send funds directly to the NGOs by searching for them in the "Pay Bills" feature under the "Others" category, or scan the official GCash QR Code of the organizations. Transactions fees for these donations are waived.
Beware of scammers posing as donation drives
Users are encouraged to donate only through official payment channels such as the GCash app, and transact only with trusted organizations to avoid donating to dubious organizations. Customers are advised to never share their MPIN or OTP to anyone.
For personal donation drives, GCash urges the public to conduct thorough background checks on individuals and groups before contributing.
Filipinos can download the GCash app for free on Google Play or App Store. For more information on how you can help, visit the official Facebook page of GCash, https://www.facebook.com/gcashofficial.
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.
