GCash, a Mynt-owned company, became the top mobile wallet used by Filipinos for cashless transactions, according to a study of Nielsen Company. It showed that GCash has 4.9 million out of the 6.4 million mobile wallet remitters in the Philippines.
Nielsen Company, a research group, revealed Thursday that Filipinos trust GCash among others for “Money Transfers”. Anthony Thomas, Mynt’s president and chief executive, perceived the potential of mobile wallet to grow even with only fewer portion of the total population were already using cashless transactions.
“There are 39.7 million who are still into exclusive cash-to-cash transfer and who have not tried a cashless solution. There are 2.9 million non-mobile wallet cashless remitters as well. These present a lot of potentials for mobile wallets to expand and capture large, untapped segments,” Thomas said.
Thomas mentioned that top reason for money transfers went to sending allowance for children and family members. He added that e-wallets were seen to become progressively relevant and appealing as the company provides more functions and benefits.
“GCash provides added accessibility and convenience that does not disrupt but rather enhance one’s current lifestyle,” Thomas said.
As a mobile wallet, GCash can offer easy cash-in and cash-out choices via debit cards, linked bank accounts, and even offline through M-Lhuillier, 7-Eleven, and other establishments.
“GCash has thought of the end-to-end experience and is providing the best way to facilitate money transfers by thinking of and putting our customers first,” Thomas concluded.
Money Transfer is one of the many services provided by GCash. Users of this app were also into buying load, paying bills, paying QR, GCash Forest, and a lot more.
Thank you for visiting our website. We hope we have helped you with regard to this matter. You may keep coming back for more informative guides.
READ ALSO | Nokia to Release Nokia 7.2 in PH on October 10