Philippine Fintech Leader GCash Joins Plenary At Mobile World Congressby Fintechnews Switzerland February 23, 2023
The Philippines #1 Fintech App GCash, operated by the Globe Group’s Mynt, will join key speakers at the plenary of the Mobile World Congress in Barcelona this month as its President and CEO Martha Sazon delivers a keynote speech on the evolving customer at the main stage of the world’s largest and most influential exhibition for the mobile industry.
Sazon is one of the keynote speakers at the MWC on “New Behavior for a New Reality,” which touches on a topic close to GCash’s story.
GCash emerged as a crucial digital platform during the pandemic, allowing individual Filipinos to complete financial transactions and giving merchants access to the online market amid movement restrictions. Now, in the transition to the new normal, GCash has become a verb and is now the Filipinos’ go-to everyday fintech companion.
Sazon will also be a session speaker at the “Fintech Summit: The Rise of Fintech Disruption,” where she will delve into how fintech is enabling the creation of powerful and disruptive solutions that are redefining the market.
GCash, the dominant mobile wallet in the Philippines, is now a double unicorn valued at $2 billion and with a user base of ~76 million. It continues to expand financial services, from payments and cash transfers to credit, savings, wealth, insurance and investment products. It also features retail, food, wellness, travel, recreation and even real estate services.
Most recently, GCash started its beta launch of GCash Overseas, which allows Filipinos based in Japan, Australia and Italy to use GCash using an international SIM– another game-changer in the Philippine fintech industry.
Now on limited launch, GCash Overseas will give the first 1,000 users from the three countries access to GCash using an international SIM. Once fully verified, they can start using their GCash to send money home for free (GCash to GCash), paying bills, and buying load credits. The full launch of this feature is expected later this year.
Meanwhile, Globe Group President and CEO Ernest Cu will banner the company’s pivot from telco to techco in a panel with Transcelestial, one of the companies supported by the Globe Group’s Kickstart Ventures.
Cu will join CEOs of top Southeast Asian telcos in a discussion on new network-related technologies and connectivity challenges in the Philippines, among others.
“Our fintech company’s debut at the Mobile World Congress Barcelona is a crucial milestone for the Globe Group as we establish ourselves as a leading digital disruptor and enabler in the Philippines, and banner our evolution into a technology company. We are proud to showcase our achievements as we uplift the lives of Filipinos through digital solutions, and to be part of the global conversation on the future of technology and connectivity,”
MWC Barcelona is the world’s largest mobile industry gathering, attracting thousands of exhibitors and visitors worldwide. Hosted by GSMA, a global organization unifying the mobile ecosystem, this year’s MWC will be held from February 27 to March 2, 2023.
The Globe Group’s presence at the much-anticipated international event is an opportunity for the expanding company to showcase its commitment to being at the forefront of innovation and progress.
With almost a hundred portfolio companies under its wing, the Globe Group has successfully expanded into the country’s leading digital solutions platform, with services in fintech, health tech, adtech, edutech, outsourcing and managed services, enterprise data, and investments. It aims to create a Philippines that is digitally inclusive by leveraging technology and continuously innovating to meet the changing industry conditions.