GCash, the undisputed leader and preferred mobile wallet in the Philippines, exceeded its 2020 business targets, one of which is hitting its PHP 1 trillion transaction commitment earlier this year -- an impressive 254% YoY growth -- while it continues to empower millions of Filipinos with digital financial tools and services that helped them adapt into the new normal.
The service peaked at PHP 7.5 billion daily gross transaction value, and more than 6 million transactions a day. Meanwhile, its customer base ballooned to more than 33 million -- a third of the Philippines’ national population -- coming from 20 million in 2019.
“The remarkable growth GCash experienced this year shows that Filipinos have embraced financial technology. People have realized that fintech isn't just an option but a necessity, allowing them to fulfill their financial lifestyle conveniently,” said Martha Sazon, President and CEO of GCash.
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