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May 23, 2024 - 20:07
By asia.nikkei.com

Philippine e-wallet GCash eyes evolution into all-in-one financial app

MANILA -- Philippine mobile wallet GCash, which boasts over 90 million customers, looks to become a broader financial app by adding products such as investments, insurance and consumer loans through collaborations with local and foreign partners.

Mynt, the company behind GCash, teamed with Southeast Asian e-commerce platform Lazada at the end of April on loans for micro, small and midsize sellers on the partner's Philippine website.