#ICYMI: GCash shares success story at Singapore FinTech Festival 2023

GCash shared the story behind its success at the Singapore FinTech Festival (SFF) 2023.

File photo: GCash interface

How GCash become PH's only double unicorn?

In a statement, GCash said president and CEO Martha Sazon joined a panel that discussed "Building Unicorns: An ASEAN Success Story" at the Insights stage of SFF 2023.

Also with her was Ernest Cu, president and CEO of the Globe Group.

In line with our vision of achieving 'Finance for All', GCash has made big strides in transforming the Philippines’ digital economy to make sure no one is left behind. We are excited to engage like-minded organizations at the SFF 2023 as we continue to build partnerships and boost our capabilities in spearheading efforts to build an inclusive and safe digital ecosystem, said Sazon.

At GCash, we continue to look for ways on how we can enhance our services and continue pushing for innovations to serve Filipinos wherever they are, she added.

GCash is the Philippines' only double unicorn or duacorn with a valuation of over USD 2 billion (around PHP111 billion). Aside from the money transfer feature, it is also now offering other financial services, like fair lending, investment, insurance, cryptocurrencies, and other lifestyle services.

It's also been expanding by offering partner marketing solutions and ramping up its services for enterprise clients. GCash has also been broadening its reach through global payments partner, Alipay+, by allowing travelers to use the e-wallet for cashless transactions in 17 countries such as Singapore, Japan, and the USA. Likewise, users overseas can already sign up for GCash using international mobile numbers in six countries like the USA, Italy, and Japan.

The Singapore FinTech Festival is organized by Elevandi, a non-profit organization set up by the Monetary Authority of Singapore (MAS), and Constellar, and in collaboration with MAS and the Associati.

In its ninth year, the gathering focuses on "The Applications of AI in Financial Services" as it tackles how technologies such as AI and Web3 can help accelerate the transition to a low-carbon future; address the needs of the underserved; and secure the digital economy against risks.

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