In a move to once again transform the way Filipinos experience cashless transactions, GCash, the leading finance super app in the Philippines, and global technology company Mastercard have teamed up to introduce Tap n’ Pay – a contactless payment solution designed to make everyday transactions faster and more convenient.
As digital payments continue to shape modern lifestyles, consumers seek seamless and hassle-free ways to transact. Tap n’ Pay meets this demand by enabling users to make purchases effortlessly—simply by tapping their NFC-enabled Android phone on a compatible point-of-sale (POS) terminal that accepts card payments. With every tap, consumers take a step toward greater convenience, security, and efficiency, transforming daily transactions into an empowering experience tailored to their evolving needs.
This collaboration between GCash and Mastercard enhances the digital payment landscape nationwide. By integrating GCash’s accessibility with Mastercard’s extensive, trusted payments network, Tap n’ Pay provides Filipinos a smooth and secure payment experience for both users and merchants, allowing the users to make contactless purchases via the GCash app with just a tap – wherever Mastercard is accepted in the Philippines.
“This collaboration further solidifies our commitment to offering Filipinos convenient and secure cashless payment solutions, making everyday transactions easier and more seamless,”
said Ren-Ren Reyes, president and CEO of G-XChange, Inc. the mobile wallet operator of GCash.
Currently, Tap n’ Pay is available for local transactions, with plans for international availability soon. This initiative is part of GCash’s ongoing efforts to improve financial access and convenience for Filipinos, whether at home or abroad. With Mastercard, users can tap to pay at merchants nationwide that accept contactless payments. This enhanced feature simplifies payments delivering a faster and more convenient cashless payment experience.
Simon Calasanz, Country Manager, Philippines, Mastercard added, “Mastercard is thrilled to collaborate with GCash, powering Tap n’ Pay with NFC technology to introduce a new avenue for contactless digital payments in the Philippines. The collaboration advances Mastercard's commitment to providing greater choice for cardholders and enabling a more frictionless payment experience. Now, all GCash Wallet app users can simply activate Tap n’ Pay in their GCash app and pay by just tapping their phones wherever Mastercard is accepted — making transactions faster, easier, and secure.”
At the core of this seamless and secure payment experience is OpenFabric, GCash’s trusted partner for digital payments. OpenFabric plays a crucial role in enabling the provisioning of Mastercard’s tokens and managing the transaction gateway between GCash and Mastercard merchants. This technology ensures that GCash users enjoy a smooth, secure, and effortless Tap n’ Pay experience at Point-of-Sale (POS) terminals across the Philippines.
Users must have an active internet or cellular data connection to ensure secure and uninterrupted transactions with every tap.
With an extensive range of digital payment solutions, GCash and its partners remain committed to driving financial inclusion and innovation in the country providing millions of Filipinos with convenient financial services.
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.
