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PNP, GCash nab 4 police officers for robbery and extortion

Written by louiseinthehouse on April 1, 2024 · Leave a Comment

Four uniformed personnel from the Quezon City Police District (QCPD) were recently arrested by the Philippine National Police (PNP), aided by the popular finance app GCash, following complaints reported by detainees of alleged robbery and extortion in exchange for their release without charges. The complaint included unauthorized GCash money transfer from the detainees’ smartphone while in the custody of the said police officers. According to the first complainant alias ‘Gabi’, the five of them were apprehended by the suspects for illegal gambling. They were taken to their barracks after confiscating gambling funds which reportedly amounted to P75,000. He was then released without charges with his confiscated phone returned to him. The latter soon discovered that there was an unauthorized transfer from his GCash account of P11,929 to another GCash account, allegedly while his phone was in the custody of the suspected police officers. Meanwhile, Gabi’s son under the alias of […]

GCash, Fuse Lending expand lending portfolio with Sakto Loan offers

Written by louiseinthehouse on September 1, 2023

The financial superapp introduces Sakto Loan, an option for users to borrow small amounts of as low as PHP 100 Financial super app GCash, together with Fuse Lending Inc., introduces GCash Sakto Loans, a nano loan offer that enables GCash users to easily borrow small amounts as ‘pambale,’ as it seeks to provide more Filipinos with access to fair, easy and inclusive loan options without the need for bureaucratic paperwork. A GCash study found that nine out of 10 Filipinos have to borrow money to make ends meet. But with the rigorous loan application process set by formal institutions and banks, more than half resort to borrowing from informal lenders with high interest rates and sometimes abusive collection practices. “Sakto Loans serves as an expansion of our suite of lending options GLoan, GCredit and GGives, which has provided users with a convenient way to borrow money with just a few […]

GCash Stories Launches “Turing” for Pride Month

Written by louiseinthehouse on June 24, 2023

Empowering the LGBTQIA+ Entrepreneurs to #WerkWithPride by Offering Finance for All GCash Stories returns with a powerful new release featuring Turing Quinto, as the face of GCash’s “Werk With Pride” advocacy for Pride Month. Directed by Antoinette Jadaone, the film celebrates pride by putting a spotlight on GCash’s commitment to inclusivity and financial empowerment while telling the story of strength and persistence of Filipino drag performer, Turing. Turing gained fame as a contestant on the debut season of Drag Race Philippines. The short film delves into Turing’s aspirations and determination to succeed in life while showing the challenges faced by breadwinners striving to make ends meet. Just like anyone else chasing a brighter future, Turing works with pride, thanks to GCash. She reassures her mother, “Ako nang bahala sa pag tambling, Ma,” despite the struggles their family faces. Overcoming tears, she performs in her living room, cheered on by her […]

SM Supermalls nationwide offers faster GCash scan-to-pay payments

Written by louiseinthehouse on December 5, 2022

In response to the call of the Bangko Sentral ng Pilipinas (BSP) for the digitalization of payments for safer and more efficient transactions, SM Supermalls, has partnered with GCash, the country’s no. 1 financial app, to enable GCash QR payments across all SM malls nationwide, including supermarkets, food and retail merchants as well as services such as cinema and parking, among others. Through this partnership, GCash scan-to-pay transactions via fast and efficient QR payment options are now available across SM malls. “Shopping for food and essentials and other items in the new normal has changed for many. More than ever, customers value safety, efficiency, and convenience. This is what GCash aims to provide Filipinos through our valued partnership with SM in line with our vision of financial inclusion for all. We are excited to collaborate with SM to offer a safe shopping experience to millions of Filipinos nationwide,” said Martha […]

GCash records 66 million registered users

Written by louiseinthehouse on August 14, 2022

GCash CEO says collaboration, not competition, is key to exponential growth and financial inclusion As digital payments rapidly become a staple for many Filipinos, GCash, the leading mobile wallet in thePhilippines and the country’s first ever double unicorn has achieved yet another milestone as it grows itsnumber of registered users to 66 million as of June 2022. This was one of the key highlights shared bythe GCash president and CEO Martha Sazon during the recent Mobile 360 Asia Pacific FinTech Summitheld at JW Marriott South Beach in Singapore. During the summit, Martha shared how collaborations with banks and other fintech providers have helped GCash maintain a strong growth momentum amid the pandemic which has enabled it to add six million users from the first quarter to 66 million at the end of the second quarter of 2022. “We’re not a digital bank. We are an e-wallet. But what’s good about […]

GCash and TNG Wallet partnership offers faster remittance for OFWs in HK

Written by louiseinthehouse on March 10, 2022

To provide a more accessible and convenient digital financial solution for overseas Filipino workers (OFWs) and their families, GCash, the Philippines’ popular mobile wallet, has teamed up with TNG Wallet, a P2P mobile remittance app in Hong Kong. With just a few taps on their mobile phone, Filipino migrants in Hong Kong can now send money directly to their loved one’s GCash Wallet via the TNG Wallet app, both of which they can download for free on Google Play or the App Store. “Together with TNG Wallet, we are very excited to introduce this digital remittance solution for OFWs in Hong Kong as we share the same goal of providing safe, fast, and seamless digital financial solutions for our customers. GCash strives to continue its efforts to make OFWs’ lives easier and better wherever they are,” said GCash President and CEO Martha Sazon. With this partnership, OFWs in Hong Kong […]

GCash and PayMongo let you shop and pay later with GCredit

Written by louiseinthehouse on December 15, 2021

Online shopping has become the new norm for more people – from buying essentials, ordering food, to indulging in good old online retail therapy. GCash, one of the country’s leading mobile wallets, and PayMongo, an online payment processing platform for merchants, have teamed up to let users shop safely and conveniently with just a few taps on their phones! With the GCash app feature called GCredit, you can now shop and pay later for your orders. This definitely eliminates the stress of checking out your online purchase just to find out that you don’t have enough funds, especially if it’s an essential item you need right away. Fully verified GCash users can benefit from this in-app feature powered by CIMB Bank as it provides up to PHP10,000 personal credit line and an interest rate as low as 1%. All you have to do is choose GCash as your payment option […]

Mynt secures $300M in funding from lead investors Warburg Pincus, Insight Partners and Bow Wave

Written by louiseinthehouse on November 10, 2021

Mynt, one of the Philippines’ major digital financial solutions provider and the company behind the popular GCash payment services app, has raised over $300 million in funding, valuing Mynt at over $2 billion. This solidifies its status as the Philippines’ only unicorn, and as one of the leading fintech companies in Southeast Asia. The investment round was led by global investment giant Warburg Pincus, New York-based global private equity and venture capital firm Insight Partners, and Bow Wave Capital, one of Mynt’s existing investors. The round also includes participation from Itai Tsiddon and Amplo Ventures as well as capital from Globe and Ayala. Since the onset of community quarantines as response to COVID19, Mynt has been at the forefront of digital transformation of Filipinos as the “go-to” payment and financial services solution to over 48 million users, nearly half of the national population. With the continued relevance of the app […]

GCash Futurecast 2021: The leading E-wallet shares a peek into its newest innovations

Written by louiseinthehouse on May 17, 2021

GCash introduces new in-app products and services to make finance easy, approachable, and accessible Attending an event with GCash is exciting even before the pandemic. Last week we had an online event called GCash Futurecast 2021 where they showcased new exciting things about the app. From starting out as an e-wallet for making fast and secure online transactions to being the undisputed #1 mobile wallet app in the Philippines, GCash is now transforming itself once again to respond to the call of the times by launching new products and services to further its vision of making Filipino lives better everyday, with finance solutions made for all. GCash as a platform has enabled Filipinos with digital finance which is easily accessible through their phones. With 1 in 3 Filipinos currently using the app after growing its user base from just more than 20 million in January 2020 to over 40 million […]

Gcash for Good Program is now in Mindanao

Written by louiseinthehouse on June 10, 2019

Gcash, country’s popular money app has just launched it’s newest program “Gcash for Good” in Davao City. It enables Filipinos to share their blessings to non-government organizations (NGOs) that promotes education, care for the environment and animal welfare. Gcash for Good is a first of its kind technology in the Philippines that’s geared towards corporate social responsibility with the use of Gcash App. HOW TO DONATE to Gcash for Good With Gcash for Good, it makes it easier for Gcash users to support their chosen advocacies and can now donate with the use of the app’s QR code. Each NGO partner have their unique QR code which you can scan with your device. You are now able to share even as little as Php1! The money you donate will sure go a long way in empowering the community you support which can in turn address issues across different levels of society […]