#GCash Earns Telco to Ace Financial Services Award
#Globe garnered accolades at the Twimbit Telecom Awards, with its President and CEO being honored for lifetime achievement and the company being recognized for its foray into the fintech sector.
Twimbit, a distinguished research and advisory firm, enables businesses to innovate and expand by offering crucial industry insights. The Awards, which assessed over 100 companies across 23 categories this year, honor excellence in diverse aspects of the telecom industry.
Lifetime Achievement Award
Cu, who has been at the helm of Globe since 2008, was bestowed the Lifetime Achievement Award for his outstanding leadership and transformative influence on the telecom industry. He is acknowledged for guiding the once lagging company to become the country’s mobile leader, maintaining market share leadership for seven consecutive years.
Upon receiving the award, Cu reflected on his journey and the collective efforts that contributed to Globe’s success. He also shared insights into the company’s evolution, highlighting a culture of innovation and customer-centricity.
"When I embarked on this journey years ago, my vision was to revolutionize the telecommunications landscape in the Philippines. Amidst the disruptions of that era, we adopted a challenger mindset. By embracing disruption, we transformed crises into opportunities and delivered one innovation after another to create wonderful experiences for our customers,” Cu stated in recent ceremonies held in Singapore.
Under Cu’s leadership, Globe has focused on enhancing the lives of Filipinos through technology, ensuring that no one is left behind. It addresses Filipinos’ daily challenges— from financial services to healthcare, education, and beyond—by providing digital solutions at scale to truly make a difference.
Telco to Ace Financial Services Award
Globe’s venture into the fintech sector through Mynt, operator of the country’s No. 1 Finance superapp GCash, earned the “Telco to Ace Financial Services” award. This award recognizes telcos that have successfully integrated financial services into their offerings, reshaping banking, payments, and financial transactions.
GCash has played a significant role in enhancing financial inclusion in the Philippines and has led the digital adoption of millions of Filipinos.
Cu discussed the successful evolution of GCash at the awards ceremonies, highlighting its growth in scope, valuation, and impact.
“GCash has become a lifeline for Filipinos, enabling them to carry out daily transactions from the safety of their homes. It has grown from an SMS-based platform to the country’s leading financial app and the nation’s only double unicorn, with a valuation of over $2 billion as of its last funding round in November 2021. Since then, GCash has doubled down on its mission of financial inclusion, expanding its range of financial services for the underserved and unbanked Filipinos,” Cu stated.
He underscored the strategic impact of GCash on the country’s digital economy: “By focusing on providing access, we’ve helped increase the banked population from 29% pre-pandemic to 56%. We now have 6 million merchants and social sellers on the app, and we’ve expanded access to financial services to 13 countries with large populations of Filipinos overseas.”
As Globe continues to spearhead the digital revolution in the Philippines, it remains committed to maintaining market leadership and excelling as a comprehensive digital solutions platform. The company’s success at the Twimbit Awards underscores its unwavering commitment to innovation, customer-centricity, and transformative leadership.
To learn more about Globe, visit www.globe.com.ph.
FAQs
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What is Globe?
- Globe is a leading telecom company in the Philippines, known for its innovative solutions and services.
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What awards did Globe win at the Twimbit Awards?
- Globe’s President and CEO, Ernest Cu, received the Lifetime Achievement Award, and the company earned the Telco to Ace Financial Services Award for its venture into the fintech sector through GCash.
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What is GCash?
- GCash is the country’s No. 1 Finance superapp operated by Mynt, a venture of Globe into the fintech sector.
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What is the mission of Globe and GCash?
- Globe aims to enhance the lives of Filipinos through technology, while GCash focuses on enhancing financial inclusion in the Philippines.
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What is the impact of GCash on the country’s digital economy?
- GCash has helped increase the banked population from 29% pre-pandemic to 56%, expanded access to financial services to 13 countries with large populations of Filipinos overseas, and now has 6 million merchants and social sellers on the app.
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Where can I learn more about Globe?
- You can learn more about Globe by visiting their official website at www.globe.com.ph.