Finance
GCash represents Philippines, SEA at MWC 2023
An innovator in the fintech scene
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.
Finance
GoTyme Bank grows to 10 million users in the Philippines
Over US$ 859.4 million in customer deposits
GoTyme Bank has reached the 10 million-user milestone in the Philippines, one of its key markets.
A joint venture between the parent Tyme Group and the the local Gokongwei Group, the digital bank has officially grown to 10 million strong, its latest accomplishment after debuting in the country three years ago.
The milestone is backed by over PhP 53 billion (~859.4 million) in customer deposits and sustained engagement across the GoTyme Bank ecosystem.
A core driver of the bank’s rapid growth is its integration into users’ daily financial habits. GoTyme was the Most Used Visa Debit Card in the Philippines, based on Visa debit active usage data in 2025.
The bank has also offered free InstaPay transfers from the start (capped at 20 transactions a month) for greater flexibility. There are also more than 160 billers on the app.
Complementing the digital-first infrastructure is an extensive physical network. There are now more than 600 kiosks in major malls nationwide.
Customers can also conveniently deposit and withdraw cash through more than 2,500 Robinsons Retail store lanes. Cash deposit is also allowed through more than 4,500 7-Eleven stores nationwide.
Among GoTyme’s recent offerings is MoreTyme, a flexible, transparent, and easy-to-understand credit solution.
Through Visa, GoTyme also took part in FIFA World Cup 2026 campaigns, with raffle winners being flown to watch the matches live.
Finance
UnionDigital Bank, Chubb partner for accessible insurance protection
Chubb insurance products now integrated into UD app
UnionDigital Bank and Chubb Philippines have partnered to bring accessible insurance protection to Filipinos.
The strategic partnership integrates Chubb’s insurance solutions directly on the UD app. These comprehensive solutions will be seen among UD’s suite of financial products. That way, insurance protection becomes more accessible for consumers.
The two key insurance products in the initial rollout are Loan Protect Insurance and Kaya Protect Insurance.
The first product is automatically included for eligible UD loan borrowers at no additional cost for the first three months once the loan is approved.
In the event of accidental death, permanent disability, temporary disability, or death due to illness, Loan Protect Insurance pays up to the original loan amount to cover 100% of the customer’s outstanding loan balance.
Any remaining balance is released to beneficiaries. Loan Protect Insurance is currently available for loans up to PhP 30,000 with short-term repayment periods.
Meanwhile, Kaya Protect Insurance will be available soon. This provides personal accident and accidental death coverage up to PhP 150,000 and is activated automatically by maintaining a low minimum balance of PhP 100 in the insured’s savings account.
The partnership between UnionDigital Bank and Chubb aims to address the protection gap, as according to a Bangko Sentral ng Pilipinas (BSP) survey, 48% of adult Filipinos are currently uninsured.
Finance
New luvit card offers flexible Buy Now, Pay Later installments
Simple application process, borrow up to PhP 200,000
FinVolution Group has unveiled the luvit card, making everyday payments accessible and flexible for users through a Buy Now, Pay Later approach.
The rollout marks the company’s move into card-based solutions, bringing installment-enabled transactions into a format that works both online and in physical stores — whether locally or abroad.
To get started, simply download luvit via the App Store or Google Play. Signing up on the app only needs minimal requirements and fast approval.
Once approved, users can start using the Mastercard-powered physical luvit card for a range of expenses. This includes daily purchases, bills, travel bookings, and other lifestyle spendings.
Users can borrow from PhP 2,000 to PhP 200,000 (~US$ 32.56 to ~US$ 3,255.80).
The Buy Now, Pay Later card is designed to accommodate various financial needs. Users can repay in installment options that work for them. In addition, a 0% interest installment is available for the first 40 days.
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