GCash expressed its full support for the Commission on Elections’ (COMELEC) Resolution No. 10946, also known as "Kontra-Bigay", ahead of the upcoming Barangay and Sangguniang Kabataan elections.
Officials from the fintech company attended the campaign’s launch at the Palacio del Gobernador in Intramuros, Manila, earlier in September. The launch was also attended by distinguished representatives from lead agencies such as the Department of Justice (DOJ), Philippine National Police (PNP), Armed Forces of the Philippines (AFP), Integrated Bar of the Philippines (IBP), Office of the Solicitor General (OSG), Public Attorney's Office (PAO), Anti-Money Laundering Council (AMLC), Department of Education (DepEd), as well as prominent election-focused NGOs like National Citizens' Movement for Free Elections (NAMFREL), Parish Pastoral Council for Responsible Voting (PPCRV), and Legal Network For Truthful Elections (LENTE).
COMELEC Resolution No. 10946 aims to combat online vote buying and selling by establishing a Kontra-Bigay Committee and expanding the existing vote-buying regulations under the Omnibus Election Code and its Implementing Rules and Regulations, as well as the other rules and regulations issued by COMELEC.One of the most significant highlights of the newly passed resolution is its recognition of online banking transactions and the use of e-wallets as potential channels for vote buying under Section 30. During the launch, COMELEC emphasized its authority to scrutinize the financial details of account holders suspected of involvement in such illicit activities.
“GCash reiterates its unwavering commitment to cooperate fully with the COMELEC in the fight against online vote buying. The company recognizes the critical role fintech companies play in safeguarding the integrity of elections by preventing the misuse of digital financial tools for unlawful purposes,” said Martha Sazon, president and chief executive officer of GCash.
GCash believes that fostering transparency, accountability, and trust in financial transactions is paramount to ensuring fair, honest, and inclusive elections that reflect the people's will.
"We remain committed to upholding the highest standards of transparency and security in financial transactions and will actively support the COMELEC in their efforts to maintain a level playing field for all candidates and voters,” added Sazon.
As the country’s no. 1 finance super app, GCash embraces its responsibility in ensuring that not only finance but also democracy, is for all.
About Mynt
Mynt is the parent company of GCash, the #1 Finance Super App in the Philippines. It’s the first and only fintech company listed on the Philippine Stock Exchange under the “GCASH” ticker symbol. Through GCash, Mynt advances its vision of 'Finance for All' by making financial services more accessible to Filipinos. Mynt operates a portfolio of companies, including G-Xchange, Inc., the payments company responsible for the digital payments and electronic money activities in the GCash app, and Fuse Financing, Inc., the financing company for GCash that provides fair and digitally-enabled credit products and solutions.
Mynt, through its fintech operations, is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly focusing on safety & security, financial inclusion, diversity, equity, and inclusion, as well as taking urgent action to combat climate change and its impacts.
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
