Fuse Financing, Inc., the lending arm of GCash, has introduced facial verification for GLoan, adding a stronger layer of identity authentication to protect users against unauthorized loan applications and fraud.
This adaptive security feature is designed to protect loan transactions during elevated-risk moments, while keeping a frictionless experience for low-risk availments. This new feature builds on existing safeguards, including the recent launch of the in-app Security Center, which features new user-controlled safeguards: Lock My Account for immediate account suspension, Money Lock for securing wallet funds, and Subscription Center, all of which help keep users protected from prevalent threats and scams.
Facial verification uses biometric authentication via a Selfie Scan to confirm that the person applying is the legitimate account holder, reducing the risk of unauthorized loan transactions and disbursements even when login credentials have been compromised. With these security
features in place, there is a stronger layer of assurance that loan applications are processed with the account owner’s consent, and reduces the likelihood of unauthorized transactions.
Fuse has also enhanced GLoan Protect with a new Loan Scam Insurance feature, providing coverage of up to PHP 10,000 for select users. The additional coverage protects users from financial loss in cases where loans are triggered by unauthorized account use, phishing, and similar incidents.
Free health insurance when you borrow
GLoan also continues to offer GLoan Protect via GInsure, underwritten by Oona Insurance, which provides eligible users added financial protection built into their borrowing experience. With each loan worth PHP 500 minimum from GLoan, qualified users receive access to free health insurance, including daily hospitalization allowance of at least PHP 500 per day or up to 10% of the total loan value if confined in the hospital for a minimum of three days.
With the expanded coverage, GLoan Protect strengthens the overall protection available to users by combining safeguards against unauthorized borrowing with health-related support, reinforcing a more secure and reliable digital lending experience.
“Building trust means staying ahead of evolving threats. At Fuse and GCash, we continue to invest in security innovations that protect our borrowers at every step, from identity verification to added safeguards and benefits like loan scam insurance and health insurance. Our approach is simple: put the user first, anticipate risks, and ensure that every transaction is backed by features designed to keep them secured and protected, ”
said Tony Isidro, President and CEO of Fuse Financing, Inc.
The move is part of a broader push of GCash to build a secure digital finance ecosystem in the Philippines, where access to financial services does not come at the cost of safety. By pairing a preventive measure like facial verification with a protective one like scam and health insurance, the fintech giant is taking a layered approach to user security that goes beyond convenience.
As threats evolve, together with our partners and users, we are building a more secure, transparent environment where every Filipino can manage their finances with confidence.
To check the status of your GLoan Protect or file an insurance claim, GCash users need to open the GCash app, navigate to “Explore the App”, tap “View All”, select “GInsure”, and head to “My GInsure”.
For more information, please visit www.gcash.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.
