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GCash says customer base hit 33 million last year from just 20 million in 2019

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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2020/business/11/24/20201124-gcash-logo.jpg "/></figure></div><p>MANILA - Mobile wallet and payments firm GCash on Tuesday said it exceeded its 2020 business targets, including hitting its P1 trillion transactions and growing its customer base to 33 milion users.</p><p>The Ayala-led fintech firm said this represented a 254 percent year-on-year growth in transactions. </p><p>&quot;The service peaked at P7.5 billion daily gross transaction value, and more than 6 million transactions a day,&quot; the company said. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/08/20/gcash-says-hits-p1-t-worth-of-transactions-as-pandemic-pushes-e-payments">GCash says hits P1-T worth of transactions as pandemic pushes e-payments</a></li></ul><p>The customer base of GCash meanwhile grew to more than 33 million, which is around a third of the country&#x27;s population, coming from 20 million in 2019, the company added. </p><p>“The remarkable growth GCash experienced this year shows that Filipinos have embraced financial technology,” said Martha Sazon, President and CEO of GCash.</p><p>Sazon said consumers saw fintech as a necessity during the pandemic, using GCash to make money transfers, bank transfers, online and offline cash-in services, and bills payments.</p><p>GCash said it has also enticed more than 3 million Filipinos to open their own savings accounts through the app&#x27;s GSave feature as of November last year, and extended over P8 billion in loans through GCredit. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/10/27/20/gcash-gets-into-mobile-gaming-in-bid-to-become-super-app">GCash gets into mobile gaming in bid to become ‘super app’</a></li>	<li><a href="https://news.abs-cbn.com/business/07/26/20/cashless-is-king-pandemic-gives-rise-to-e-numan-virtual-communities">&#x27;Cashless&#x27; is king? Pandemic gives rise to &#x27;e-numan,&#x27; virtual communities</a></li></ul><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/yTK0jYwXN04?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><div> </div>

<p>Mobile wallet and payments firm GCash on Tuesday said it exceeded its 2020 business targets, including hitting its P1 trillion transactions last year. </p>

Mobile wallet and payments firm GCash on Tuesday said it exceeded its 2020 business targets, including hitting its P1 trillion transactions last year.