Leading mobile wallet GCash and the country’s first-ever double unicorn increased its number of registered users to 66 million as of June 2022, GCash president and CEO Martha Sazon said during the recent Mobile 360 Asia Pacific FinTech Summit held at JW Marriott South Beach in Singapore.
During the summit, Sazon recounted collaborations with banks and other financial technology providers that helped GCash maintain a strong growth momentum amid the pandemic.
“We’re not a digital bank. We are an e-wallet. But what’s good about that is we’re able to partner with any bank and any financial institution. This is a conscious thought that we make because we know that financial inclusion is a complex, difficult journey. So, we choose to collaborate rather than compete,” Sazon said.
GCash partnered with the most innovative and the biggest financial institutions — such as BPI, ATRAM and CIMB, as well as various government agencies, insurance, and fintech companies — to address the population’s need for more accessible financial services. GCash also teamed up with Ant Group Financial, allowing the app to access global and best-in-class platforms and capabilities and enabling GCash to scale up rapidly and ensure user security.