The partnership aims to build a secure community of verified buyers and sellers of collector items such as sneakers, Lego, toys, sport cards, trading cards, Funko and many others.
The integration of GCash into the Toki platform will give its users access to a seamless and secure payment platform as well as provide them with consumer financing such as GCredit and GGives. Toki sellers will have the possibility to be equipped with GCash QR codes, which will streamline the payment process and enhance overall user experience. The partnership will also integrate Toki into GCash's dynamic lineup of lifestyle products under the GLife feature by next year.
Launched by former GCash employees Frederic Levy, Zoe Ocampo, and Jules Jurado, Toki is a pioneering social e-commerce platform that caters specifically to the needs of collectors. As avid collectors themselves, the founders are familiar with the challenges local enthusiasts face in selling or buying collectibles. Toki offers a smooth, secure, one-stop shop and mobile-first environment where every seller is curated, every collectible is verified, every transaction guaranteed, ensuring a trustworthy and efficient transaction experience. Since it launched last November 2023, Toki has already registered 70,000 users, onboarding more than 200+ sellers, proposing now more than 250,000+ items, and hosted more than 500+ livestream auctions.
"The founders of Toki, all former members of the GCash team, have a long-standing history with GCash, and through this global partnership, GCash is poised to significantly boost Toki's growth journey,"
said Toki co-founder Frederic Levy.
By the fourth quarter of 2024, Toki will integrate GCash's Webpay, enabling users to conduct seamless end-to-end transactions not only within its marketplace but also during its livestream auctions.
Toki already launched several initiatives in partnership with Globe as part of the Globe Prepaid Rewards program on the GlobeOne app. In addition, Toki participated as an event partner at Globe's 'PAPAboritong Bazaar' where GCash QR was utilized for payments. Meanwhile, Globe Platinum sponsored the onground Toki & Secret Fresh event 'Beyond the Block' which featured
"Toki is beginning a truly remarkable collaboration with GCash, and the entire team is particularly excited about the support from the number finance super app and largest cashless ecosystem in the Philippines,"
added Levy.
For more information, visit https://new.gcash.com/ and visit https://www.tokiasia.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
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.
