GCash, the Philippines’ leading finance app and cashless ecosystem, has
once again gained international recognition after being named the country’s
Best Mobile Wallet for 2024 by global financial intelligence journal Pan
Finance.
In its Q1 2024 magazine, Pan Finance recognized GCash holding company,
Mynt, as a ‘leader in mobile financial services’, focused on ‘accelerating
financial inclusion through mobile money, financial services, and technology.’
Pan Finance highlighted the two companies under Mynt: GCash's mobile
wallet operator G-Xchange, Inc. (GXI); and tech-based lending company Fuse,
which gives Filipinos access to personal and business loans.
“We at GCash are thankful for this recognition. This highlights GCash’s
transformative role in the Philippines' journey from financial inclusion to
financial progress,” said GCash President and CEO Martha Sazon.
Pan Finance also highlighted Mynt’s initiatives to support the United
Nations Sustainable Development Goals, namely goals #5 (gender equality), #8
(decent work and economic growth), #10 (reduced inequalities), and #13 (climate
action).
This citation highlights GCash’s efforts to provide easy access to
much-needed financial services to the underserved, especially to women, which
make up more than half of the app’s client base. GCash is also notably close to
gender parity when it comes to its total workforce, with 47% of its workforce
being women – well above the global standard of 28%. GCash has also utilized
innovative technologies to engage its users to tangibly contribute toward
climate action through GForest.
“It’s heartwarming to be recognized for these causes that are really
close to our heart at GCash,” Sazon said. “Gender Equality & Sustainability
play a crucial role in our evolving success story.”
The global financial intelligence journal said its
annual Pan Finance Awards is a ‘true indicator of excellence’ as it ‘identifies
organizations and individuals who have excelled in their fields.’
Pan Finance reports a readership of more than 200,000
people across 15 countries.
