International recognition puts a spotlight on fintech innovation in the Philippines
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Fortune, the global publication and business rankings authority, has recognized GCashas among the Fintech Innovators Asia 2024, as announced on November 6, 2024 during the Singapore Fintech Festival 2024 at the Singapore Expo.
The inaugural list highlights companies that are making significant advancements across Asia's booming financial technology sector, particularly firms that demonstrate innovation, drive technological advancements, and contribute to transforming financial services. The selection process considers factors like the impact of a company’s portfolio, its growth potential, and its contributions to the fintech landscape—seeking to highlight leaders in payments, digital banking, cryptocurrency exchanges, wealth management, and insurance technologies.
Inclusion in the Fortune list is an acknowledgment of GCash’s commitment to digital financial inclusion in the Philippines, and its work in providing innovative, responsive, and meaningful financial services that empower and uplift over 90 million users. Eight in 10 Filipinos have embraced GCash, positioning it as a cornerstone of the country’s digital economy and a key driver of financial accessibility in the region.
GCash continues to distinguish itself by developing uniquely Filipino, AI-powered tools that address the real-world challenges faced by its users. This commitment to innovation and inclusivity is underscored by GCash’s user demographics: Nearly 90% of its users come from lower-income brackets, with significant representation from womenand young users outside Metro Manila.
“It feels great that the efforts of the 2000 strong employees of GCash and the innovation that we’ve done towards our vision of Finance for All Filpinos are being recognized.”
GCash President and CEO Martha Sazon said.
“This milestone would not have been possible without our partners and the Philippine government’s support of our joint commitment towards financial inclusion.”
Adding to its momentum, GCash is taking part in the Singapore Fintech Festival 2024 for the third consecutive year. Sazon is taking the festival’s main stage on November 7, in a keynote session titled “Safeguarding the Economy’s Backbone: Accelerating Global SME Financing through Digital Services,” to showcase GCash innovations aimed at advancing micro, small, and medium enterprises (MSMEs). This participation underscores GCash's rising presence on the global stage, further establishing its role as a key player in the international fintech landscape.
As it expands its footprint beyond the country’s borders, GCash remains staunchly committed in its mission to build a financially inclusive future for all.
For more information on Fortune Fintech Innovators Asia List 2024, please visithttps://fortune.com/asia/ranking/fintech-innovators-asia/
