Filipinos can now make cashless transactions using GCash in 17 countries worldwide

Filipinos can now make cashless transactions using GCash in 17 countries worldwide

GCash, the premier finance super app of the Philippines, showcased its enhanced international services during the esteemed Singapore Fintech Festival 2023. CEO Martha Sazon and Mynt Chairman Ernest Cu took the stage to unveil the app’s latest feature, allowing users to access real-time foreign exchange rates in select countries like Singapore, Japan, and the USA.

Sazon emphasized that GCash’s new capability empowers Filipino travelers and overseas residents with financial parity, enabling them to utilize the app for seamless payments in stores accepting Alipay+ or card transactions. This initiative broadens GCash's global presence, facilitated by its collaboration with Alipay+ that enables cashless transactions in 17 countries and facilitates sign-ups for international users in six countries.

Through strategic partnerships, such as the one with Visa, GCash facilitates cashless transactions across 200 countries at over 80 million merchant locations. The introduction of the GCash Card, accessible through the app, further amplifies the ease of transactions, enabling users to pay via QR code scanning or code generation in Alipay+-compatible establishments.

Beyond its international strides, GCash is fortifying its services for enterprise customers, recognizing the significance of the business-to-business landscape. Sazon emphasized the necessity to address existing friction points in this sphere for a more impactful engagement.

In addition to offering digital financial tools for enterprises, GCash extends partner marketing solutions to businesses of varying scales, harnessing the app’s extensive user base. It focuses on aiding nano, micro, small, and medium enterprises (NMSMEs) in their digital transformation, furnishing innovative business solutions.

Sazon’s participation in the panel discussion at the Singapore Fintech Festival delved into the narrative of "Building Unicorns: An ASEAN Success Story." Alongside Mynt's Chairman Cu and the President and CEO of Globe Group, they explored insights on industry growth, moderated by Ryan Huang from Singapore’s MONEY FM 89.3.

As the Philippines' only double unicorn, valued at over $2 billion, GCash has evolved beyond its initial money transfer services, offering a spectrum of financial solutions encompassing fair lending, investment, insurance, and lifestyle services.

The Singapore FinTech Festival stands as a pivotal global industry congregation, attracting leaders and participants worldwide. Organized by Elevandi, a non-profit entity under the Monetary Authority of Singapore (MAS), the festival serves as a nexus for innovation and collaboration within the fintech realm.


Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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