Globe Telecom on Monday said e-wallet GCash recorded a 700-percent surge in transactions last May as the pandemic forces more Filipinos to depend on digital finance. “The pandemic has forced all of us to adopt digital solutions such as GCash to protect us from contracting the virus. The steady uptrend on transactions using GCash shows that Filipinos are now being more dependent on digital solutions,” GCash President and Chief Executive Officer Martha Sazon was quoted as saying in the statement. Through GCash, we are helping stir up economic activity by bringing merchants and consumers closer, at least digitally,” Sazon added. The mobile wallet is operated by Mynt, which is a partnership between Globe Telecom, Ayala Corp. and Ant Financial.

Source: Manila Times June 22, 2020 17:15 UTC