The Philippines was well-represented at the recent MWC 2023 in Barcelona, Spain, with GCash President and CEO Martha Sazon delivering a keynote speech there.
Sazon’s talk revolved around emphasizing the e-wallet’s innovative and game-changing solutions aimed at financial inclusion, as she even called GCash “a national champion that helps transform a nation”.
The leading financial app in the country now has over 76 million registered users, and is believed to be one of few fintech solutions that are sustainable in the Southeast Asian scene.
As GCash and its parent company Globe Group were not only representing the Philippines but also the entire Southeast Asia at the event, the brand prided itself in being a benchmark for innovative financial services and solutions.
Likewise, the platform’s net promoter score (NPS), a gauge measuring customer experience and predicts business growth, has been at par with globally recognized brands at 83.9%.
This year’s MWC, the second in-person gathering since the pandemic, garnered over 88,500 total attendees.
GCash unveils plans for international, B2B expansion
At the Singapore FinTech Festival 2023
The past few months have been tremendous for GCash’s direction, and the e-wallet app has just unveiled its broader plans at the Singapore Fintech Festival 2023.
During the gathering, GCash presented a new app feature where users can view real-time foreign exchange rates in selected countries like Singapore, Japan, and the United States.
This development comes just a week after it was bared that GCash has partnered with Alipay+ to deliver cashless payments in 17 countries.
To date, the e-wallet can be used for cashless transactions in over 80 million merchants across 200 countries, giving users a convenient payment option when traveling abroad.
Last month, it was also announced that GCash how has a physical Visa card offering which can be used for POS terminals.
According to GCash president and CEO Martha Sazon, the e-wallet is exploring providing digital financial services for enterprise clients as part of strengthening its B2B operations.
In the future, nano, micro, small, and medium enterprises can also expect GCash to provide a helping hand using its suite of innovative business solutions.
GCash shares success story at Singapore FinTech Festival
Building Unicorns: An ASEAN Success Story
GCash had the opportunity to share its FinTech success story on the global stage recently when president and CEO Martha Sazon spoke at the Singapore FinTech Festival (SFF) 2023.
Joined by Globe president and CEO Ernest Cu, Sazon shared her insights in the panel discussion called “Building Unicorns: An ASEAN Success Story,” emphasizing the importance of making strides in transforming a country’s digital economy.
In recent years, GCash has gone from just a money transfer business into a financial super app that offers lending, investment, insurance, cryptocurrencies, and more.
Globally, GCash also broadened its presence by partnering with Alipay+ to allow users to pay using the e-wallet in 17 countries including Singapore, Japan, and the United States.
A few years ago, Mynt, GCash’s parent company, hit “double unicorn” status, meaning the company’s overall valuation already reached US$ 2 billion.
Singapore fintech announces UniPass Wallet in PH
Pay with stablecoins
Singapore fintech startup Account Labs has announced the launch of UniPass Wallet, the first Web3 crypto wallet that allows users to pay using stablecoins.
With the UniPass app, users can connect their Google Accounts and start sending money abroad using stablecoins anywhere in the world.
Users can make fast and low-cost cross-border payments while also avoiding the volatility risk of regular cryptocurrencies.
Using the app, they can execute transactions between different blockchain networks seamlessly, without the need to directly pay traditional gas fees.
UniPass launches in the Philippines first as a beta test, with plans to expand across Southeast Asia where there is a high demand for remittance solutions.
The Google login feature makes Web3 and crypto wallets more user-friendly for average consumers who are used to Web2 apps. This could also help drive mainstream adoption.
UniPass has already received support from major investors like Amber Group, MixMarvel, and Qiming Ventures.
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