The direct integration in GCash is expected to improve further and streamline the payment experience for millions of Manila Water customers.
In addition to the convenience of a one-stop payment solution through the finance app, GCash users also have the option to pay their Manila Water bills on credit or installment using the GCredit or GGives payment features, helping them meet payment deadlines in case they do not have the funds yet.
“GCash and Manila Water will work closer together to make the lives of Filipinos more convenient by giving them access to a secure bill payment platform with financing options suited according to their needs,”
said Ren-Ren Reyes president and chief executive officer of GCash mobile wallet operator G-Xchange, Inc.
With the Manila Water agreement now in place, GCash hopes to encourage more utilities and other essential service providers in the country to join the cashless ecosystem that aims to serve the Filipino people through Finance for All.
“Now that we have this [direct bills payment partnership], I’m keen to see what other aspects of this [payment channel] we can build on to provide better service to customers and even [Manila Water] employees,”
Manila Water President and CEO Jocot de Dios said in his message during the signing of the partnership last June 25, 2024.
Both Manila Water and GCash expect the partnership to generate economic benefits that can help them further improve services to their customers.
GCash has been building a holistic cashless ecosystem that makes life for consumers and businesses convenient, secure, and financially inclusive. As more and more establishments and service providers join the cashless ecosystem, GCash and its growing number of partners aim to be at the forefront of economic progress.
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.
