The Philippines’ leading mobile wallet GCash reported that it expects to exceed its inclusive growth targets on the full array of financial services it offers in the country, spanning credit, savings, insurance, loans, and investments. It also announced that it is doubling down on lending as Filipinos move towards digital finance. Having the first mover advantage on digital financial services, GCash is poised to offer more innovations leading to finance for all Filipinos
Its Assets Under Management (AUM) for its GSave product has grown to over PHP 9 billion, from PHP 5 billion in 2020 - almost double in just 6 months - while its GInvest product, just launched last year with 4 new fund categories, has helped GCash immediately capture 70% of the domestic market of total UITF accounts in just 6 months.
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