GCash, the Philippines’ leading finance app and cashless ecosystem, has once again gained international recognition after being named the country’s Best Mobile Wallet for 2024 by global financial intelligence journal Pan Finance.
In its Q1 2024 magazine, Pan Finance recognized GCash holding company, Mynt, as a ‘leader in mobile financial services’, focused on ‘accelerating financial inclusion through mobile money, financial services, and technology.’
Pan Finance highlighted the two companies under Mynt: GCash's mobile wallet operator G-Xchange, Inc. (GXI); and tech-based lending company Fuse, which gives Filipinos access to personal and business loans.
“We at GCash are thankful for this recognition. This highlights GCash’s transformative role in the Philippines' journey from financial inclusion to financial progress,” said GCash President and CEO Martha Sazon.
Pan Finance also highlighted Mynt’s initiatives to support the United Nations Sustainable Development Goals, namely goals #5 (gender equality), #8 (decent work and economic growth), #10 (reduced inequalities), and #13 (climate action).
This citation highlights GCash’s efforts to provide easy access to much-needed financial services to the underserved, especially to women, which make up more than half of the app’s client base. GCash is also notably close to gender parity when it comes to its total workforce, with 47% of its workforce being women – well above the global standard of 28%. GCash has also utilized innovative technologies to engage its users to tangibly contribute toward climate action through GForest.
“It’s heartwarming to be recognized for these causes that are really close to our heart at GCash,” Sazon said. “Gender Equality & Sustainability play a crucial role in our evolving success story.”
The global financial intelligence journal said its annual Pan Finance Awards is a ‘true indicator of excellence’ as it ‘identifies organizations and individuals who have excelled in their fields.’
Pan Finance reports a readership of more than 200,000 people across 15 countries.