Helping MSMEs grow their businesses through card payments
MSMEs are limited to cash only and miss out on additional purchases from credit cards. With the launch of PocketPay, micro, small, and medium enterprises (MSMEs) can now grow their businesses by accepting card payments directly through an Android smartphone.
The tap-to-pay functionality is especially built for mobile sellers, delivery-based vendors, and pop-up merchants operating outside traditional retail channels. It allows businesses to meet customer demand for card payments without investing in costly hardware. The feature is available with zero transaction fees until December 3, 2025, and can be activated via the GCash for Business portal.
“GCash PocketPay makes accepting card payments available for all MSMEs. It's an easy-to-use and reliable business solution that meets their needs wherever they are,”
GCash for Business Head Jong Layug said.
Apart from initiatives for MSMEs, GCash has also launched an offering targeting Filipino freelancers servicing clients from the United States.
Better take-home pay for Filipino remote workers earning in USD
GCash is also addressing a persistent pain point for Filipino freelancers who often lose a portion of their income to costly fees, reducing their take-home pay and delaying access to funds they rely on for daily expenses.
The GCash Virtual US Account, powered by global payments network Meridian, promises reduced platform fees and forex costs, allowing gig workers to have bigger take-home pay. In addition, the GCash Virtual US Account eliminates high withdrawal fees and hidden charges.
Fully verified GCash users are eligible for account opening. They can transfer funds from different payment platforms, payroll platforms, and marketplaces such as PayPal, Payoneer, Gusto, Deel, Upwork, Freelancer.com, Fiverr, and Onlinejobs.ph.
This feature is seen to boost inflows of dollars into the country from the US, which is a top remittance source for the Philippines. According to the Bangko Sentral ng Pilipinas, about 40% of cash remittances from January to August this year came from the US.
“With the GCash Virtual US Account, we’re enabling Filipino freelancers to take full control of their hard-earned income, allowing them to maximize every peso they earn,”
GCash General Manager for International Paul Albano said.
Through GCash PocketPay and GCash Virtual US Account, GCash strengthens its goal of enabling both MSMEs and freelancers by breaking barriers to financial access—whether through effortless card acceptance for small businesses or faster, more affordable cross-border payments for gig workers.
GCash Virtual US Accounts are issued and maintained by Meridian Payments US under a "for benefit of" arrangement. These are not bank accounts and do not qualify as deposits; hence, they are not covered by any deposit insurance schemes.
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.
