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| Product type | Mobile Payments |
|---|---|
| Owner | Globe Fintech Innovations Inc. (doing business as Mynt) |
| Country | Philippines |
| Introduced | October 2004 |
| Markets | Philippines |
| Website | www |
GCash is a Philippine mobile payments service owned by Globe Fintech Innovations, Inc. (doing business as Mynt), and operated by its wholly-owned subsidiary, G-Xchange, Inc.[1]
Mynt is a joint venture between Ant Group, an affiliate company of the Alibaba Group who operates Alipay, the world's leading mobile and online payments platform; Ayala Corporation, one of the Philippines' largest and oldest business conglomerates; and telco giant Globe Telecom, through its corporate venture builder, 917Ventures.
As of May 2023, GCash claims to have 81 million active users and 2.5 million sellers and merchants across the Philippines.[2][3]
Since GCash does not have bank status, the ₱500,000 protection of funds deposited in a bank by the Philippine Deposit Insurance Corporation is not available for e-money issuers.
- ^ "GXI, First Performance Global Partner to Launch Mobile App in PH for Greater User Security and Purchase Control". Globe Telecom. February 22, 2016. Retrieved May 13, 2023.
- ^ "GCash urged to explain glitch in order to regain public trust". ABS-CBN News. May 10, 2023. Retrieved May 10, 2023.
- ^ Mercurio, Richmond (August 19, 2021). "GCash monthly gross transactions hit P300 billion". The Philippine Star. Retrieved August 20, 2021.