In its Q1 2024 magazine, Pan Finance recognized GCash holding company, Mynt, as a ‘leader in mobile financial services’, focused on ‘accelerating financial inclusion through mobile money, financial services, and technology.’
Pan Finance highlighted the two companies under Mynt: GCash's mobile wallet operator G-Xchange, Inc. (GXI); and tech-based lending company Fuse, which gives Filipinos access to personal and business loans.
“We at GCash are thankful for this recognition. This highlights GCash’s transformative role in the Philippines' journey from financial inclusion to financial progress,” said GCash President and CEO Martha Sazon.
Pan Finance also highlighted Mynt’s initiatives to support the United Nations Sustainable Development Goals, namely goals #5 (gender equality), #8 (decent work and economic growth), #10 (reduced inequalities), and #13 (climate action).
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This citation highlights GCash’s efforts to provide easy access to much-needed financial services to the underserved, especially to women, which make up more than half of the app’s client base. GCash is also notably close to gender parity when it comes to its total workforce, with 47% of its workforce being women – well above the global standard of 28%. GCash has also utilized innovative technologies to engage its users to tangibly contribute toward climate action through GForest.
“It’s heartwarming to be recognized for these causes that are really close to our heart at GCash,” Sazon said. “Gender Equality & Sustainability play a crucial role in our evolving success story.”
The global financial intelligence journal said its annual Pan Finance Awards is a ‘true indicator of excellence’ as it ‘identifies organizations and individuals who have excelled in their fields.’
Pan Finance reports a readership of more than 200,000 people across 15 countries.
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.
