In line with its shared mission to help uplift the lives of Filipinos through financial literacy, GCash, the country’s number one finance super app, has partnered with the Securities and Exchange Commission (SEC) to launch its Financial Education Campaign for 2023, which aims to help millions of Filipinos, including Nano, Micro, Small, and Medium Enterprises (NMSMEs) adopt digital financial solutions aimed at improving their livelihood.
The SEC and GCash sealed the partnership with the signing of a memorandum of agreement, which coincided with the SEC's 87th anniversary and stakeholders appreciation ceremony, with Finance Secretary Benjamin E. Diokno as the keynote speaker, alongside key industry leaders.
The MOA for the Financial Education Campaign recognizes G-Xchange, Inc. (GXI) as one of the agency's partners in the SEC Capital Market Promotion and Awareness Inter-Agency Network, or the SEC CAMPAIGN Network. Moreover, the Fin-Ed Campaign is also part of the SEC’s celebration of Investor Protection Week. It aims to further educate ordinary Filipinos on the benefits of investing and how to better protect their finances.
“We are delighted to partner with GCash in educating millions of Filipinos on how they can protect their money and achieve their financial goals. We have long endeavored to deepen financial literacy and inclusion, and with GCash and its tireless effort to help uplift the lives of our kababayans, we can further expand our initiatives to more Filipinos wherever they are,” SEC Chairperson Emilio Aquino said.
The campaign kicked off with a live webinar entitled “Fulfilling Your Wildest Negosyo Dreams: Smart and Sustainable Investing for Your Business” streamed via the SEC and GCash official FB pages where SEC Commissioners and officers, joined by GCash head of market education Mark Ilao, talked about investor protection, investment options, debt management, and options for MSMEs on how to grow and protect their business through loan opportunities, protection against scammers, and more. The program also tackled smart financial planning using safe and secure financial tools and strategies.
The webinar was followed by a talk show seminar entitled “Shake It Off: Dropping Bad Financial Habits Toward a Secure and Sustainable Life”, which was held at The SEC Headquarters and attended by professionals, government workers, and students. The program tackled some of the most effective ways to replace bad financial habits with good ones that improve your financial health.
Lastly, SEC and GCash discussed on air how Filipinos can protect their finances and safely grow their investments during a radio show entitled “Usapang Kaperahan With SEC and GCash." The show featured SEC Chairman Emilio Aquino and GCash customer success head Mark Ilao who shared their expertise with the audience, including understanding how to save, what to invest in, and how to better secure one's finances, among other financial education topics.
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.
