GCASH DEMAND ZOOMS AMID PANDEMIC IN THE PHILIPPINES

The COVID-19 pandemic and the lockdown all over Luzon have led to the skyrocketing demand for digital technologies and smartphone apps in conducting day-to-day activities, with GCash noting a 200% surges in app installations and referrals, and a 250% increase in registrations.

“In a world where digital is the new normal, financial technology should be considered the bedrock of digital services. Through digital finance, people have the power to pay for goods and services without the need for physical cash. Aside from the convenience, it is also less risky than cash handling, more efficient than physical payments, and is also very transparent,” GCash Chief Technology and Operations Officer Pebbles Sy said.

The Bangko Sentral ng Pilipinas (BSP) has been promoting the use of digital payments for almost a decade now, adopting several key policies and programs like the National Retail Payments System, and the creation of automated clearing houses for more seamless transactions.

Partnering with over 70,000 merchants nationwide, going cashless is an option GCash easily offers, with over 20 million users availing of services like QR code payments, bills payments, and even credit services. "During this difficult period, GCash stays true to its mission of staying connected. Our services are important, now more than ever, as the Filipino looks for ways to minimize exposure to the virus," Sy said. #coronavirusimpact #COVID19PH