August 27, 2025 | 12:00am
MANILA, Philippines — E-wallet big GCash disbursed P287 billion in loans to 9.5 million debtors as of end-June, underscoring its rising function in extending credit score entry to underserved Filipinos.
G-Xchange Inc. president and CEO Oscar Enrico Reyes Jr. stated the corporate’s lending arm Fuse has been offering debtors with merchandise akin to GLoan, GCredit and GGives, which have grow to be monetary lifelines for a lot of customers.
“Digital finance rewrites this second. It removes location as a barrier, lowers prices and brings monetary entry to thousands and thousands who’re one step forward,” Reyes stated in the course of the 2025 Manila Tech Summit.
GCash has additionally expanded its presence throughout monetary companies past credit score. The e-wallet reported 14.5 million customers on its GSave deposit product, 1.4 million GStocks traders, 8.3 million GFunds customers and 16.8 million policyholders by way of GInsure.
By way of on a regular basis use, the platform processes as many as 50 million transactions each day and is supported by over six million associate retailers and social sellers. It has additionally rolled out operations in 145 abroad markets to serve Filipinos overseas.
Whereas digital adoption has accelerated, Reyes confused that gaps in monetary entry stay.
“We improved banking penetration to 65 % from 29 %. However 35 % nonetheless stay unbanked. We quadrupled entry to formal credit score to eight % from two %. However 90 % nonetheless haven’t any entry to loans,” he stated.
To handle this, GCash has began rolling out new companies, together with GJobs, a platform matching blue-collar staff with employment alternatives in addition to initiatives selling Sharia-compliant finance within the Bangsamoro Autonomous Area.
“Monetary inclusion isn’t just about pay. It is usually about entry to livelihood and alternative,” Reyes stated.
GCash, operated by Globe Fintech Improvements Inc. (Mynt), stays the nation’s largest e-wallet and continues to place itself as a “digital bridge” for funds, financial savings, investments, insurance coverage and credit score for thousands and thousands of Filipinos.
Globe’s share within the fairness earnings of Mynt surged by 78 % to P3.8 billion within the first half from P2.1 billion in the identical interval final 12 months, making up 26 % of the telco’s pre-tax revenue.
Connectivity supplier Globe reported a internet revenue of P12.4 billion as of June, 14-percent decrease than the P14.5 billion a 12 months in the past as income declined.
