Over time, her customers became loyal supporters who followed her through the ups and downs of her entrepreneurial journey.
However, life took an unexpected turn when a health and family crisis forced Rhea to close her store. The setback left her uncertain and struggling to regain her confidence. Ultimately, she chose to focus on her recovery first, and when her health improved, she found the courage to start over. This time, it was her community that guided her.
Many of her loyal customers shared how difficult it was to access traditional financial services like money remittance. While some traveled far just to pay bills, others missed the transaction cutoff. Customers were also charged up to 10% in additional service fees for money transfers, a painful reality in communities where families depend on every peso from relatives abroad or in distant cities. Moved by this need, Rhea became a partner in the GCash Pera Outlet (GPO) program and helped ease this burden for her community.
Her journey was highlighted in the fifth installment of the #GCashStories campaign, launched in her hometown of Bacolod City. The event brought together local partners and showcased how digital tools can help entrepreneurs like Rhea rebuild their businesses while serving as lifelines for their communities.
Becoming a micro-entrepreneur with a purpose
The partnership between Rhea and GCash, the Philippines' leading finance superapp and largest cashless ecosystem, has provided a powerful solution for her community. It has also helped Rhea in her journey as a micro entrepreneur.
At the GCash Stories launch event, public and private stakeholders discussed how micro, small, and medium enterprises can take their businesses to the next level through digitalization.
"Before, it was just us, our own start, our own fight,"
Rhea shared.
"But when I started a GCash Pera Outlet, and I heard about the initiative of GCash and the Department of Trade and Industry (DTI), that's when I felt more support."
The GCash Pera Outlet program offers a practical solution for communities like Rhea’s, where financial services are limited. Through the support of the DTI and the Bacolod LGU, outlets like hers now make it possible to Cash In, Cash Out, and Pay Bills without the need to travel or pay excessive fees. Rhea has since become one of the many proud and successful GPO partners across the Visayas region.
Unified efforts to empower MSMEs
At the GCash Stories launch event in Bacolod, representatives from the government and the country’s leading finance super app talked about the common struggles of micro, small, and medium enterprises (MSMEs). The panel discussions shed light on the lack of access to capital, as well as the roadblocks to adopting digital solutions. Speakers emphasized how partnerships between GCash, DTI, and local governments are helping MSMEs overcome these barriers through training, digital platforms, and community-based solutions like the GPO.
Officials of GCash and local government show their support to small business owner Rhea Inayan and other entrepreneurs in Bacolod City during the GCash Stories launch event
Engr. Lynna Joy B. Cardinal, provincial director of DTI Negros Occidental, said they ensure that even the smallest and farthest barangays have access to Negosyo Centers to assist entrepreneurs, especially in adopting digital platforms. She stressed that collaborations with GCash and LGUs like Bacolod City support digitalization efforts, making it easier for MSMEs to achieve progress and sustainability.
Meanwhile, Dr. Mae Ferrer-Llamas, Local Economic Development and Investment Promotions Officer of Bacolod City government, commended Inayan for staying the course despite the difficulties she faced in her life.
"I think the financial inclusion story with GCash for our MSMEs is going to be a story that will shape Bacolod and Negros Occidental, starting with Rhea’s story,"
she added.
Jong Layug, General Manager of GCash for Business, emphasized that entrepreneurs like Rhea play a vital role in advancing financial inclusion.
“Through the GCash Pera Outlet program, partners like Rhea make it possible for essential financial services to reach communities that need them most,”
Layug said.
“Their efforts help families save on costs, access funds faster, and gain more control over their livelihoods.”
Layug also noted that MSMEs carry a bigger responsibility that goes beyond their own growth.
“Nakakatulong ka habang umaasenso. At the end of the day, ang dream nila ay mapaganda ang kabuhayan nila, makapag-provide sa family nila,”
he said.
(You’re able to uplift others as you improve your life. At the end of the day, their dream is to improve their livelihood and provide for their families.)
“They (MSMEs) do that by solving the problems of other people, by providing a service,”
Layug stressed.
Through platforms like the GCash Pera Outlet, GCash for Business, and campaigns like #GCashStories, GCash reaffirms its commitment to “Finance for All.” Together with government and community partners, the finance superapp is working to ensure that no one — including MSMEs in rural areas — is left behind in the country’s digital transformation.
For more information about GCash Pera Outlet, visit Mag apply bilang isang GCash Pera Outlet Partner and watch Inayan’s full GCash Story here https://youtu.be/u5CD5dPlJu0.
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.
