Close Menu
Bacolod Lifestyle and Travel Guide
  • Home
  • News
  • Festivals
  • Restaurants
  • Hotels
  • Travel Destinations
  • Negros Power
  • Technology
Facebook X (Twitter) Instagram
  • Home
  • Privacy Policy
  • Terms and Conditions
  • Contact Us
  • Sitemap
Facebook X (Twitter) Instagram YouTube
Bacolod Lifestyle and Travel GuideBacolod Lifestyle and Travel Guide
  • Home
  • News
  • Festivals
  • Restaurants
  • Hotels
  • Travel Destinations
  • Negros Power
  • Technology
Bacolod Lifestyle and Travel Guide
Home»News»GCash bridges financial inclusion to economic growth through public sector partnerships
News

GCash bridges financial inclusion to economic growth through public sector partnerships

By Ed JovenSeptember 1, 2022Updated:September 3, 2022
Share
Tweet
Pin
Reddit
Email
0 Shares

To serve the unbanked population, ensure financial inclusion, accelerate innovations, and ultimately achieve economic growth, the fintech sector should strengthen partnership with Local Government Units (LGU) and the public sector. This was one of the main highlights during the second annual “One with the Nation” conference by GCash, the country’s leading mobile wallet.

This year’s conference with the theme “Innovative and Inclusive: The Future of Digital Financial Services” made a bigger splash this year with a hybrid set-up held at the SEDA Hotel in Bonifacio Global City in Taguig and streamed simultaneously online via Zoom, with public sector partners and members of the media in attendance.

During the event, industry leaders and top government officials, led by Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla, gathered in one venue to share crucial insights on the future of digital financial services.

GCash One with the Nation panel on public-private partnerships towards financial inclusion
PHOTO 1 NAMES (L-R) Atty. Marlon Marquina of the Commission on Audit GCash AVP and head of Public Sector and Partnerships Cathlyn Pavia GCash Chief Commercial Officer Oscar Enrico Reyes, Jr.

“The Philippines has made progress in digitizing retail payments while broadening financial inclusion. Recently, the BSP observed that more Filipinos are choosing to pay through digital means. In fact, the share of digital payments to total retail payment volume in the country grew from 20.1 percent in 2020 to 30.3 percent in 2021. The government continues to lead the path to digitalization with 96.7 percent of its total payment transactions and disbursements already in digital form,” Medalla said.

Given the rapid growth of digital payments and services, the conference also put a spotlight on how LGUs can integrate safe online payments into their services.

“The adoption of digital payments by the local government is, I think, really, the best way to expand the digital space in the country – where the local government really opt for e-wallets and payments in paying taxes or business registration. That’s something that LGUs can do a lot more,” Department of Trade and Industry assistant secretary Mary Jean Pacheco shared.

In her speech, GCash president and CEO Martha Sazon acknowledged that there’s still a long way to go to fully achieve financial inclusion.

“There’s still so much more we can do. We ask for your support once again as we continue to work to make a positive impact in the lives of Filipinos, especially those who need our help the most. We look to you, our partners, as we continue together onward and upward with a shared vision of a better future for Filipinos.” Sazon said.

Addressing the importance of partnerships between public and private sectors, GCash chief customer officer Winsley Bangit also said that joint effort from these sectors is crucial in its pursuit of finance for all.

“At GCash, we remain steadfast in being a partner with the central bank’s drive for financial inclusion as well as digitalization. And of course, your presence here today really shows that the partnership between private and public sectors are really important in nation building, in making sure that nobody gets left behind, especially sa economic recovery ng ating bansa. More and more Filipinos are realizing the benefits of digital payments, specifically 66 million Filipinos or around 4 out of 5 adults now put their trust in GCash”, Bangit said.

GCash AVP and head of Public Sector and Partnerships Cathlyn Pavia Trade Asec. Mary Jean Pacheco (On the screen) DILG Official Belinda Castro

While more and more Filipinos are becoming more receptive to digital financial services, GCash also takes this as an opportunity to continue improving and innovating its services. For instance, beyond convenient digital payment options, GCash also offers millions of Filipinos a wide range of financial services from insurance to investment, and loans, and lifestyle needs with GInsure, GInvest, GLoan, GGives, GLife, and so much more.

In terms of reaching more communities, including micro, small, and medium enterprises, tricycle drivers, and market vendors which have a big contribution to the acceleration of economic growth of the country, GCash also helps in easy access to cashless payments through the promotion of the government’s Paleng-QR Ph initiative.

Through continuous collaboration with LGUs and the public sector, GCash remains firm in its mission of making financial inclusion a reality for all Filipinos – building a reliable digital ecosystem that fosters sustainable economic growth.

For more information, visit www.gcash.com.ph

 

 

 

More About GCash:

 

 

 

GCash bridges financial inclusion to economic growth through public sector partnerships
Share. Facebook Twitter Pinterest Email

Related Posts

Savings Alert: Negros Power Drops Rates Again This June

June 17, 2025

PLDT Home Fiber now in Prepaid – Unlimited, Reliable, Affordable Internet for the Family

June 16, 2025

Success Stories from the first Negros Power Surgical Mission in Negros

June 14, 2025

RMC Season 9 Finale: APBREN Wins Crown & realme GT 7 Units

June 12, 2025
Leave A Reply Cancel Reply

Follow Us
  • Facebook 41.5K
  • YouTube 3.4K

Savings Alert: Negros Power Drops Rates Again This June

June 17, 2025

PLDT Home Fiber now in Prepaid – Unlimited, Reliable, Affordable Internet for the Family

June 16, 2025

Success Stories from the first Negros Power Surgical Mission in Negros

June 14, 2025

RMC Season 9 Finale: APBREN Wins Crown & realme GT 7 Units

June 12, 2025

Negros Power Nine Months After Takeover: Big Changes, Brighter Future

June 10, 2025
Featured Video
https://www.youtube.com/watch?v=VkyMixMaw5A
Partner Sites
  • Filipino Recipes by Pinoy Recipe at Iba Pa
  • Filipino Desserts by PingDesserts.com
  • Tech News Philippines
HONOR X9c 5G Smartphone
Bacolod Lifestyle and Travel Guide
Facebook X (Twitter) Pinterest YouTube
  • Home
  • Privacy Policy
  • Terms and Conditions
  • Contact Us
  • Sitemap
Copyright © 2015 - 2025 BacolodLifestyle.com.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.