Filipinos turns digital
GCash, a mobile wallet backed by Globe Telecom and Chinese billionaire Jack Ma, is experiencing a growth in the amount of lending they give to customers thanks to growing Filipino appetite for digital finance.
|Photo Courtesy: rappler.com|
The fintech player has released services that let their customers borrow money for purchases and make installments.
“We’re making it easier for our customers to manage their finances,” Winsley Bangit, GCash Chief Customer Officer, said in a statement, “With our suite of lending products, more people can get the help they need.”
GGives credit limit increases
GGives lets you spread the cost of all your purchases. Customers can avail up to ₱125,000 for a purchase from one of their partner merchants using GGives.
GCash seeks an end to loan sharks with their GLoan. This funding option can be tapped by qualified users for up to ₱125,000.
With one million active borrowers, GCash already released more than forty billion pesos worth of loans as of end-June.
GCASH also has other products that let you invest, save for retirement, and insure your finances. Last week GCASH teamed up with Ayala Land to give you an opportunity to experience the latter’s properties from the comfort of your mobile phone.