Almost one of three Filipinos in the country is patronizing GCash , according to its operator Mynt.
This as digital transactions in the Philippines exponentially grew in the past year.
A subsidiary of Globe Telecom Inc., Mynt said its base of registered users has grown to over 33 million at the end of 2020.
The figure is 65 percent higher compared to 20 million users recorded at end of 2019.
“Being the preferred mobile wallet in the Philippines, GCash exceeded its targets last year with transaction value hitting over PHP1 trillion, peaking at a PHP7.5 billion daily gross transaction value, and with more than 6 million transactions in a day. Transactions include cash-ins, payments, banking, and money transfer, among others,” Mynt said.
Based on App Annie surveys, an authority in ranking digital applications (app) worldwide, GCash has become the country’s number one finance app and was among the top apps in the country for both Android and iOS platforms.
Mynt CEO Martha Sazon said the company has emerged as a “trailblazer” in providing digital financial services in the country.
“GCash continues to empower more Filipinos with digital financial tools and services, allowing for safe and convenient transactions amidst the various levels of quarantines,” Sazon said.