Manila, 24 April 2024 - Philippines’ GCash and Oona Insurance Philippines have entered into partnership that will benefit all Filipino travelers.
The new partnership was formally made after the signing of the Memorandum of Agreement between Winsely Bangit, GCash’s VP, Head of New Businesses Group, and Abhishek Bhatia, Founder and Chief Executive Officer of the Oona Insurance group held last April 24, 2024 at Seda Hotel in BGC, Taguig City.
Under the agreement, Oona Insurance’s game changing product- the Smart Flight Delay Insurance - will now be accessible and available in the GCash app, through its GInsure Marketplace. The Smart Flight Delay provides travelers access to airport lounges if their flight gets delayed for at least 60 minutes. Availability of this product is very easy as passengers can get this insurance coverage at least two hours before their scheduled flights from just a few taps in the GCash app. This new product reduces Filipino travelers’ discomfort due to delayed flights, making their experience more convenient and stress-free.
“This agreement with Oona Insurance Philippines is very timely now that the summer season is on. We expect a lot of our GCash users to travel to many destinations and for them to have insurance coverage against a real pain point, in what is supposed to be an exciting and much anticipated trip, is definitely a game changer,” said Winsley Bangit, GCash’s VP, Head of New Businesses Group.
GCash is the #1 finance app and the only double unicorn in the Philippines with over 94 million Filipino trying the app. Its new partnership with Oona Insurance, places them at the forefront in creating customer-centric innovations, introducing game changing products like Smart Flight Delay, and making insurance protection easily accessible to millions of Filipinos who travel -- all while ensuring a seamless experience to its users.
“GCash is a beloved brand and an integral part of every Filipino's daily life and has made financial services simple, secure, and smooth. We are delighted to make our innovative travel insurance product available on GCash to bring worry free travel to more Filipinos as they explore the world. This is the first of many such innovative products we will be introducing soon,” said Abhishek Bhatia, Founder and Chief Executive Officer of the Oona Insurance group.
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
