GCash Projected to Reach ₱1 Trillion in Transactions by Year-End

GCash announced that it expected to reach ₱1 trillion transactions by the end of 2020 as the pandemic has drastically moved financial activity to the digital space; savings, cash-in, fund transfers, bank transfers and online payments have increased transaction volume in the past few months as the country continues under quarantine regulations.

Martha Sazon, GCash president, said “When the community quarantine was imposed earlier this year, we at GCash saw an exponential increase in the number of transactions. Our P1 trillion forecast by the end of the year goes to show how relevant our services have been in helping Filipinos amidst the pandemic,”

Sazon added “Under the new normal, digital payment services have helped keep the economy going. From something borne out of convenience, mobile wallets like GCash are now a necessity to thrive under the digital economy, whether you’re a customer or a merchant,”