The signing, held during the city’s 425th founding anniversary event, was led by City Mayor Hon. Jeannie N. Sandoval, together with City Treasurer Norman Delos Reyes and GCash Head of Commercial Sales Macky Limgenco. The partnership reflects the shared goal of Malabon City LGU and GCash to make everyday transactions safer, more secure, and more convenient through digital adoption.
Under the partnership, Malaboeños will now have access to safe, convenient, and quick financial transactions as GCash will soon be added as a payment option in the city’s online portal at https://online.malabon.gov.ph/Malabon/OnlineServices/login portal. Moreover, all cashiers in the City Treasurer’s office will be accepting cashless payments for face-to-face transactions via the GCash Scan.
As part of their collaboration, GCash and the city LGU also aim to educate its employees and constituents on the features and benefits of using finance apps such as GCash. Residents of Malabon City are among the top users of the app’s digital financial services such as Send Money, Pay Bills, Buy Load, Web Payment, and Pay QR, among others.
“We are excited to kick off Malabon City’s integration of cashless payments to pay city taxes and fees. This initiative will give more convenience to the residents and businesses, and enable faster economic growth and development for the people of Malabon City. We thank the local government for their readiness and willingness to future-proof the services for the city,”
said Limgenco.
Aside from helping the city pave the way for its digitization roadmap, GCash also helps its partners encourage small and micro-entrepreneurs to accept cashless payments. In addition, more vendors in the city can now be onboarded for GCash Pera Outlet (PO). This feature on the app allows small merchants to earn extra income and grow their businesses by offering customers in the community convenient access to various GCash services such as cash-in, cash-out, paying bills, and sending money.
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.
