GCash, the country’s leading mobile e-wallet, is expanding its lending business amid the rising adoption of digital finance among Filipinos.
“With our suite of lending products, more people can manage their finances better and live the life they deserve,” GCash chief customer officer Winsley Bangit said.
“We at GCash remain committed to empowering Filipinos to pay for everything they want and need conveniently,” he said.
GCash disbursed more than P40 billion worth of loans as of end-June as it expanded to more relevant lending products like GLoan and GGives.
GGives allows GCash users to buy-now-and-pay-later for items worth up to P125,000 from GCash-partner merchants.
GCash offers GCredit which offers a credit line on other services of GCash such as Scan to Pay, Shop Online and Pay Bills.
“GGives, GCredit, and GLoan are available for fully verified GCash users with a good GScore standing. To increase your GScore, maintain a healthy account balance by cashing in regularly, and use various GCash services such as Pay Bills, Send Money and Pay Online,” Bangit said.