GCash, the Philippines’ top finance app and largest cashless ecosystem, received the Company of the Year Award for the Philippines’ financial technology industry from global analysis and growth strategy consulting firm Frost & Sullivan.
The award recognizes GCash’s pioneering use of digital solutions and innovative financial services and its strong overall achievements in the financial technology space—highlighting its “deployment of best practices and strategic analytics across a value chain.”
The practices and strategies identified by Frost & Sullivan underscored GCash’s promotion of financial inclusion through a streamlined banking application process.
More than 94 million Filipinos have used GCash, making it the leader in the Philippines’ fintech industry. Across the country, digital transactions today account for close to half of total retail payments, jup from just 1 percent 10 years ago.