In 2004, it was reported that 80% of Filipinos remained unbanked. To resolve this drawback, Globe Telecom entered fintech and launched GCash in 2004 below its subsidiary: Mynt – Globe’s Fintech Improvements. When Ant Monetary invested in GCash, it took a easy funds app and reworked it into an excellent app that hundreds of thousands of Filipinos now use day by day.
In June 2021, GCash reviews that it has over 46 million customers. Greater than its rival Paymaya with over 38 million customers.
That is the story of how GCash grew to become some of the invaluable firms within the Philippines.
💚 WHAT TO WATCH NEXT
➜ Nicole Alba’s Investing with GCash : https://youtu.be/n4DdKilQJXg
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➜ How did GRAB begin? https://youtu.be/XbZWQoMKYFk
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⏰☀️ TIMESTAMPS
0:01 – Highlights
1:05 – How GCash Began
2:22 – Who owns GCash?
2:39 – What’s Alipay?
5:06 – Paymaya and Tencent
5:16 – How large is Tencent?
7:22 – GCash vs. Paymaya
8:27 – Why GCash has an edge
9:48 – Gcash skyrockets throughout the pandemic
10:48 – Subscribe to the Podcast
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