“By providing non-collateralized and affordable loan products such as GLoan, GCredit, and GGives through the GCash app, Fuse Lending has successfully supported almost 4 million Filipino loan borrowers, helping millions of Filipinos achieve their financial aspirations and goals in a more convenient, easier, and simpler way,” said Tony Isidro, president and CEO of Fuse.
A GCash study found that nine out of 10 Filipinos need to borrow money, but do not have access to formal lending institutions and banks.
To date, Fuse has given access to fair lending to Filipinos from the grassroots sector such as farmers, sari-sari store owners, public market vendors, and other micro, small, and medium enterprises.
To help more Filipinos unlock their financial goals, Fuse and GCash introduced the latest addition to their lending service offerings – GLoan Sakto, a nano-loan product that can jumpstart Filipinos’ access to formal credit. With this, ordinary Filipinos can borrow as low as PHP100, to accommodate short-term needs or even the smallest-but-urgent expenses – all without requiring users to submit numerous documents and undergo tedious application processes.
With a shared mission to foster financial progress for all, GCash and Fuse recognize that digital financial tools and services that enable enterprises big and small to serve their customers and employees are vital for economic growth.
GCash has onboarded over 6 million partner merchants, including key partners like Puregold and TikTok Shop. Over 49,000 stores nationwide make it possible to pay for purchases with credit (GCredit) or installment (GGives) with their GCash app. Currently, over 94 million users have tried GCash – making it the country’s biggest digital ecosystem.
Anchoring its shared vision of “Finance for All," GCash through Fuse Lending continues to open up a world of opportunities for millions of Filipinos and play a significant role in shaping the country's financial landscape into a more inclusive, and diverse ecosystem. For its part, Fuse has been doubling down to achieve its vision of providing access to fair loans that spark better everydays for all Filipinos through its mission of fintech-enabled lending delivered frictionlessly.
The GCash app is available for free on Google Play and the App Store For more information, please visit https://www.gcash.com
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
