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GCash cracks PHP 500 billion Gross Transaction Value in March 2022!

GCash has broken PHP 500B Gross Transaction Value just in March 2022 alone. It also boasts 29 million and 19 million daily logins and transactions.
GCash cracks PHP 500 billion Gross Transaction Value in March 2022!
GCash broke  PHP 500 billion Gross Transaction Value in March 2022

GCash reaches PHP 500 billion Gross Transaction Value in March 2022!

83 percent of the adult population in the Philippines, or 60 million people, now have a GCash account, prompting the e-wallet platform to seek out more ways to meet the public's different financial demands.

GCash's GSave currently has 5.3 million depositors, indicating that the company is reaching out to the unbanked Filipinos. GInvest has 3 million registered consumers, accounting for 77 percent of the Philippines' Unit Investment Trust Fund (UITF) accounts.

Since its introduction in 2018, GCredit has granted PHP 29 billion in credit lines to approved consumers, while GLoan has disbursed PHP 2.2 billion in loans in just ten months.

Since its accessible installment offer was announced in December 2021, GGives,  has dispensed PHP 130 million in cooperation with 85,000 retailers.

With millions of Filipinos using GCash on a daily basis, the firm expanded its digital ecosystem through merchant acquisitions and partnerships. The number of GCash merchants and social sellers has risen to 5 million, up from 2.7 million in the first quarter of last year.

GCash also increased the number of cash-in and cash-out locations to 232,000, a 5.5X increase year over year. It has also onboarded more than 420 GLife merchants as a result of its development into new categories such as content, health, insurance, and e-government to assist more Filipinos to embrace the digital lifestyle.

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