The Philippines is steadily becoming a digital payments nation. According to the Bangko Sentral ng Pilipinas (BSP), 57.4% of retail payment transactions by volume were made digitally in 2024, up from 52.8% in 2023 and 42.1% in 2022. With the BSP targeting a digital payment share of 60% to 70% by 2028, businesses are increasingly expected to support cashless transactions1.
To help businesses keep pace with this shift, GCash continues to expand its suite of payment solutions with innovations designed to make digital payments more accessible, convenient, and secure for merchants. For MSMEs in particular, accepting digital payments can help broaden payment options, reduce cash handling, and improve operational efficiency.
Simplifying payments at the point of sale
GCash has built a portfolio of payment devices for every type of MSME because every business has different needs. Rather than offering a one-size-fits-all solution, GCash provides payment devices designed for different business sizes and ways of operating. This helps merchants choose the right solution, making it easier to accept digital payments and run their business more efficiently.
GCash EasyPOS is an all-in-one payment terminal for medium and large enterprises that accepts QRPh, Visa, and Mastercard payments on a single device. It helps businesses connect with GCash customers, who can enjoy rewards when they pay through the GCash app. With features like digital receipts, refunds, settlements, and transaction monitoring, GCash EasyPOS simplifies operations so merchants can focus on growing their business.
GCash SoundPay Plus is designed for micro and small merchants in the retail and F&B sectors who need secure and fast payment confirmations. It combines QR payments, card acceptance, and instant voice confirmation, so merchants know immediately when a payment is successful without checking devices or screenshots. This speeds up transactions and helps them manage busy counters with confidence.
"Digital payments should work for businesses of all sizes, especially MSMEs that are the backbone of the economy,"
said Ren-Ren Reyes Jr., President and CEO of G-Xchange Inc.
"As more Filipinos choose to pay digitally, our goal is to make it easier for merchants to accept these payments with solutions that are simple, reliable, and built around their everyday needs."
At the heart of it all are Filipino MSMEs. Every GCash payment solution is built by listening to their everyday challenges and understanding what they need to grow. By putting merchants at the center of innovation, GCash develops tools that make payments simpler, safer, and more convenient. More than this, GCash is creating solutions that make running a business easier, so entrepreneurs can focus on serving their customers and growing their livelihood.
Supporting businesses at every stage of their journey
The launch of GCash EasyPOS and GCash SoundPay Plus builds on earlier GCash for Business solutions that support enterprises at different stages of digital adoption, including GCash PocketPay and GCash SoundPay.
GCash PocketPay is designed for MSMEs, bazaar merchants, and mobile sellers who take their business wherever their customers are. It turns an NFC-enabled Android smartphone into a contactless card terminal, making it easy and affordable to accept card payments without investing in additional hardware. On the other hand, GCash SoundPay, a portable QR payment device, provides instant voice confirmation for every transaction.
"Digital adoption looks different for every business," said Paul Albano, General Manager of GCash for Business. "Whether they're just beginning to accept digital payments or looking to upgrade their payment capabilities, we want to provide solutions that are practical, accessible, and easy to use."
All these payment solutions are connected through the GCash for Business Portal. From one dashboard, merchants can activate devices, monitor transactions, manage wallets, and transfer funds. Designed to be accessible, businesses can get started with just a verified GCash account, which comes with a ₱5 million wallet limit. This makes it easier to manage payments, cash flow, and daily operations in one place.
One platform with built-in security
Beyond convenience, GCash places security at the core of every transaction. Its merchant solutions integrate secure payment processing, real-time transaction confirmations, stronger authentication, and fraud protection features to help safeguard both businesses and their customers.
These built-in security measures enable merchants to accept digital payments with greater confidence while providing customers with a safe, seamless, and reliable payment experience.
By combining ease of use with robust security, GCash helps build trust in digital transactions and supports the broader shift toward a cashless economy.
Helping MSMEs grow in a digital economy
As digital payments become increasingly common, the opportunity lies in helping businesses maximize their benefits. Through its growing suite of payment solutions, GCash enables MSMEs to accept more payment methods, streamline operations, lower the cost of digital adoption, and serve more customers.
With digital payments continuing to gain momentum in the Philippines, GCash remains committed to developing practical payment innovations that help businesses of all sizes participate more fully in the country's growing digital economy.
For more information, please visit www.gcash.com.
1 Bangko Sentral ng Pilipinas. From Surge to Stability: Digital Payments Driving A Steady Transition. https://www.bsp.gov.ph/PaymentAndSettlement/2024_Report_on_E-payments_Measurement.pdf?
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.
