Continuing their shared mission to advance the role of women in the tech industry, GCash, the number one finance super app in the Philippines, and For The Women Foundation (FTW), recently celebrated the graduation of 31 Filipina scholars who are now equipped to make their mark in fintech. These women from diverse backgrounds recently completed a 14-week Data Science Scholarship Program, allowing them to help shape a more inclusive digital economy.
After weeks of stringent and extensive mentorship-training programs, these women now bring with them comprehensive knowledge and skills in data science and technology, which will help them pursue a career in the tech industry. As the country’s pioneer in inclusive and open finance, GCash undertook this initiative to help empower more Filipinas to join the tech space, which is predominantly a male-dominated industry with only 26.7% of women holding tech-related jobs globally. In the Philippines, women comprise only 35% of the country's Science, Technology, Engineering, and Mathematics (STEM) workforce.
“Together with FTW, we at GCash aim to showcase our scholars as role models for the next generation of young women interested in pursuing or shifting to careers in technology. We hope our new graduates will continue leveling up, grabbing opportunities, and discovering things that help you as a person to be happy and find your purpose,” said GCash chief people officer Robert Conrad Gonzales.
Driven by its vision to empower women in tech, FTW Foundation co-founder and executive director Cara Wilson also expressed support for GCash’s pursuit of establishing an equal and diverse tech industry. “We are honored to partner with GCash as we continue our shared goal of leading the charge to create a community of Filipinas in tech who are empowered to break through the glass ceiling. We hope this is just the start of more meaningful collaboration with GCash in the future,” she said.
The commencement also featured capstone project presentations from each group of scholars who came from various career backgrounds, from accounting to health and dietetics, education, and engineering among others. Through this initiative, the scholars join GCash and FTW Foundation in their efforts to help shape a more inclusive digital economy.
“We are driven by our scholars' inspiring stories as we continue to work towards empowering and enabling Filipinas to join the tech industry. Graduating from this data science program jump starts their journey, hopefully, to lead the future of tech,” said GCash chief data officer Sara Venturina.
For its part, GCash continues to value gender equality, diversity, and inclusion as a strong and integral part of its work culture. The GCash workforce is proud to have 46% women leaders, including its CEO, which is higher than the industry average of 28%. Moreover, this initiative along with its diversity, equity, and inclusion initiatives within and outside the organization, underscores how GCash is steadfast in upholding three United Nations’ Sustainable Development Goals (SDG), namely, Gender Equality (SDG 5), Reduced Inequality (SDG 10), and Decent Work and Economic Growth (SDG 8), empowering tech leaders regardless of disability, race, age, and sexual orientation, gender identity, and expression (SOGIE).
Anchoring its position as the country’s leader in sustainable and diverse fintech, GCash is a first mover in challenging the status quo and paving the way for aspiring women leaders in the tech space – building a more equal and future-resilient nation.
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
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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.
