GCash, the mobile wallet of Globe, expects its subscriber base to grow faster after it teamed up with Grab Philippines for direct cashless payment option, an executive said over the weekend.
“We think so. I think what we are seeing is there’s a continued momentum for the fintech industry. Digital e-wallets adoption continuous to grow even with the world opening up. People have really gotten used to the habit of transacting with e-wallet,” GCash chief marketing officer Neil Trinidad said.
Trinidad said Gcash ended 2022 with around 71 million registered users, representing about 80 percent of the country’s adult population.
“We really look forward to partnerships like with Grab to enable our users access to more services. So, we really see this as a way to help make e-wallet more seamless,” he said.
The partnership will give Grab users access to the easiest, most convenient and secure cashless transactions when they add GCash as a direct payment method on the Grab app starting next month. The partnership also enables users to avoid transfer fees which go as high as P50. “With this partnership, we once again realize our commitment to make the lives of Filipinos better each day by delivering a more convenient, secure, and cost-efficient way to pay for their rides and food and grocery deliveries,” said GCash president and chief executive Martha Sazon.