Farm Konekt is a community-based farm management enterprise platform that focuses on data-driven clustered production to upskill farmers and secure demand for their produce. Farmers as well as fisherfolks are offered clustering solutions that encompass consultancy, capacity building, and matching them with customers.
To boost the agricultural sector even further, the partnership will also give farmers and fishermen access to a wide range of essential business services in the GCash app, such as GSave and GInsure, to grow their savings and secure their finances.
The Memorandum of Understanding was signed by Fuse Lending President and CEO Tony Isidro, GLoan Product Head Kevin Yu, Farm Konekt President and CEO John Gastanes, and Farm Konekt Chief Operations Officer Stephen Costiniano.
"This partnership continues our relentless drive to serve Filipino farmers, aligning the GCash mission to serve every Filipino wherever they are. Farm Konekt's connections with the farmer groups make them a good on-ground arm for us to better understand the needs of our farmers, who form one of the most important sectors of our economy," said Isidro.
"Together with GCash, we look forward to building an inclusive ecosystem that ensures farmers and fisherfolks benefit from the fast-evolving digital economy. The majority of the farmers we transact with either go through remittance centers or use GCash. To formulate a robust scoring strategy, we have focused on our core strength, which is clustered acceleration, while entrusting GCash to excel in providing inclusive financing opportunities," said Gastanes.
The agreement kicked off with a financial literacy session with farmers in Jaen, Nueva Ecija, where they were taught how to manage their finances with concepts like savings, insurance, and responsible borrowing.
The collaboration aims to make significant contributions to the Agritech industry, which is focused on data-driven farming and linkage to markets, with innovative fintech solutions that make essential financial services accessible to the unbanked majority.
About Mynt
Mynt is the parent company of GCash, the #1 Finance Super App in the Philippines. It’s the first and only fintech company listed on the Philippine Stock Exchange under the “GCASH” ticker symbol. Through GCash, Mynt advances its vision of 'Finance for All' by making financial services more accessible to Filipinos. Mynt operates a portfolio of companies, including G-Xchange, Inc., the payments company responsible for the digital payments and electronic money activities in the GCash app, and Fuse Financing, Inc., the financing company for GCash that provides fair and digitally-enabled credit products and solutions.
Mynt, through its fintech operations, is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly focusing on safety & security, financial inclusion, diversity, equity, and inclusion, as well as taking urgent action to combat climate change and its impacts.
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
