BUSINESS

GCash scales payment, lending amid inclusion push

Maria Bernadette Romero

Mynt, the parent company of GCash, is pushing to expand financial access to the masses through its growing suite of payments, lending, wealth, and insurance services, as digital finance becomes more embedded in daily life.

“Our growth momentum continues as digital finance becomes more embedded in daily life,” Mynt President and CEO Martha Sazon said on Monday. 

“We are doubling down on expanding financial access to the masses through everyday payments, fair lending, and inclusive wealth and insurance products,” she added.

Last year, Mynt’s attributable equity earnings to Globe reached P6.1 billion, up 64 percent year-on-year, driven by continued expansion in its core payments and lending businesses.

GCash mobile wallet operator G-Xchange, Inc., meanwhile, expanded financial access by partnering with the government to modernize payments in the transport sector, starting with Metro Manila’s major rail and bus systems, which now accept card, QR, and NFC payments. 

The rollout was supported by the launch of Tap to Pay, a next-generation NFC solution enabling secure, contactless payments across 150 million merchants worldwide.

The company also accelerated its reach into underserved communities, with 90 percent of users from lower socio-economic segments and 78 percent from outside Metro Manila.

Mynt’s lending arm, Fuse Financing, disbursed P362 billion in loans life-to-date in 2025, up 65 percent from 2024, driven by over 10.5 million unique borrowers and its proprietary GScore trust scoring system. 

Fuse also partnered with the Asian Development Bank for a P1.75 billion loan to accelerate credit access to MSMEs, marking a landmark partnership in ASEAN between ADB and a fintech company.

In wealth management, GCash said its investment platform, GStocks Ph, served 1.7 million registered users in 2025, a 65 percent increase year-on-year. It also introduced its initial public offering (IPO) Subscription feature, which enabled thousands to participate in a recent IPO, with orders via GStocks oversubscribed by over 200 percent during the sale period.

Through GInsure, GCash expanded access to affordable insurance, with 132.6 million policies sold life-to-date in 2025, nearly triple the previous year’s level, supported by a 45 percent increase in users to 20.6 million.