Cash, the Philippines’ premier finance app and cashless ecosystem, has once again earned international acclaim after being declared the Best Mobile Wallet for 2024 by the worldwide financial intelligence journal, Pan Finance.
In its Q1 2024 publication, Pan Finance lauded GCash’s parent company, Mynt, as a ‘pioneer in mobile financial services’, dedicated to ‘propelling financial inclusion through mobile money, financial services, and technology.’
Pan Finance underscored the two subsidiaries under Mynt: G-Xchange, Inc. (GXI), the operator of GCash’s mobile wallet; and Fuse, a tech-driven lending firm that offers Filipinos access to personal and business loans.
Martha Sazon, President and CEO of GCash, expressed gratitude for this recognition, emphasizing that it underscores GCash’s transformative role in the Philippines’ transition from financial inclusion to financial progress.
Pan Finance also spotlighted Mynt’s initiatives in support of the United Nations Sustainable Development Goals, specifically goals #5 (gender equality), #8 (decent work and economic growth), #10 (reduced inequalities), and #13 (climate action).
This acknowledgment underscores #GCash commitment to providing easy access to essential financial services to the underserved, particularly women, who constitute more than half of the app’s user base. GCash also stands out for its gender parity in its total workforce, with women making up 47% – significantly above the global standard of 28%. GCash has also employed innovative technologies to engage its users in tangible contributions toward climate action through #GForest.
Sazon expressed her delight at being recognized for these causes, which are deeply ingrained in GCash’s ethos. She stated, “Gender Equality & Sustainability are integral to our evolving success narrative.”
The global financial intelligence journal stated that its annual Pan Finance Awards is a ‘genuine benchmark of excellence’ as it ‘identifies organizations and individuals who have excelled in their respective fields.’
Pan Finance boasts a readership of over 200,000 individuals across 15 countries.
FAQs
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What award did GCash receive from Pan Finance?
- GCash was named the Best Mobile Wallet for 2024 by Pan Finance.
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What companies does Mynt operate?
- Mynt operates GCash’s mobile wallet through G-Xchange, Inc. (GXI) and the tech-based lending company Fuse.
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What initiatives of Mynt were highlighted by Pan Finance?
- Pan Finance highlighted Mynt’s initiatives to support the United Nations Sustainable Development Goals, particularly goals #5 (gender equality), #8 (decent work and economic growth), #10 (reduced inequalities), and #13 (climate action).
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What is the significance of the recognition for GCash?
- The recognition underscores GCash’s transformative role in the Philippines’ transition from financial inclusion to financial progress and its commitment to providing easy access to essential financial services to the underserved.