GCash expects to sustain growth in 2022


Mobile wallet GCash on Friday, April 1, projected it will sustain its growth momentum for 2022 as it offers new digital business solutions for micro-, small- and medium-sized enterprises (MSMEs).

"After reaching acquisition targets, launching new products and growing our presence in the MSME community, it's imperative to sustain this momentum and leap forward to more growth opportunities," Martha Sazon, GCash president and chief executive stated

The mobile wallet now offers GCash Pro, a digital business solution enabling small entrepreneurs to future-proof and expand their businesses despite the continuing pandemic.

"We need to be aware of the challenges faced by these entrepreneurs and strengthen our position as a business partner for growth, beyond payments," she maintained.

GCash continues to enable business owners to provide seamless service to their customers and track sales as well as increase their wallet limit.

For P99, business owners can avail of BizStarter99, a monthly subscription-based offer that lets them upgrade their business operations.

Another service that GCash PRO provides for MSMEs is Payment Links, a platform that lets business owners do real-time tracking and safely move their funds from receiving payments to processing refunds and making withdrawals via a dashboard.

At end-December last year, GCash registered 55 million users, more than double the 20 million users it hauled in January 2020.

The mobile wallet also recorded 17 million peak daily transactions last year, up from six million daily transactions in 2020.

Todate, GCash caters to 4.5 million merchants and social sellers who benefit from using digital money for their business needs.