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GCash launches DigiCities program led by GCash President and CEO Martha Sazon with Ernest Cu, chairman of GCash holding company Mynt and President and CEO of Globe Group. BSP Deputy Governors Mamerto Tangonan and Bernadette Romulo Puyat attended the launch.

In its mission to boost financial inclusion in the Philippines and uplift the grassroots economy, GCash, the country’s largest cashless ecosystem, has launched the DigiCities Program in 27 cities nationwide.

The launch aims to empower Local Government Units (LGUs) to establish digitally inclusive cities with widespread adoption of seamless, secure, and accessible digital payments through GCash. 

GCash President and CEO Martha Sazon welcomes participants of the DigiCities launch gathering various local government units

The program will have an initial run in key LGUs for five months from June to October 2024. It aims to equip local governments and businesses with the essential tools they need in their digital shift – benefitting their constituents and consumers. It aims to help local communities transition into a digital-ready ecosystem – from payment acceptance in public offices to empowering micro, small, and medium enterprises (MSMEs) by helping them upscale their business potential as they embrace the digital economy.

Through the expansion of its digital financial solutions and services to more cities in the country, GCash also fortifies its commitment to fostering a reliable digital ecosystem across the country and help foster an inclusive economic growth and efficiency.

“Through continuous and strategic partnerships with the public sector, more and more Filipinos can now have access to safe, secure, and convenient digital financial products and services, in the process empowering communities across the nation while helping GCash achieve its goal of “Finance for All”. We are looking forward to more game-changing collaborations with them as we help the country transform into a more digital-first, and future-ready nation,” G-XChange, Inc. president and CEO Ren-Ren Reyes said.

GCash officials launch DigiCities in Cebu for the Visayas and Mindanao leg of the program. BSP Deputy Governor Bernadette Romulo Puyat attended the launch.

The program was kicked off in Cebu for Visayas and Mindanao as well as in Metro Manila for NCR and Luzon. Following the twin launches, GCash now aims to reach more cities nationwide, from Manila, Quezon City, Makati, Pasig, Parañaque, Muntinlupa, and Caloocan, as well as other LGUs across Luzon such as Baguio, Antipolo, Bacoor, Imus, Lipa, and Santa Rosa. The program will also be piloted in Cebu City, Mandaue City, Lapu Lapu City,  Iloilo, Davao, Cagayan de Oro, Cabanatuan, San Fernando (Pampanga), Dasmarinas, Tagbilaran, Bacolod, Victorias, Kidapawan, and General Santos.

As the biggest digital ecosystem in the country, GCash, together with its partners continues to promote widespread adoption of digital payments and diverse financial transactions enabled seamlessly through the app, making its purpose of financial inclusion a reality to various communities and the public sector at large.

The GCash app is available for free on Google Play and the App Store. For more information, please visit www.new.gcash.com

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

gcashcorpcomm@gcash.com

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.

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