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GCash app.

Benise Balaoing

ABS-CBN News

<p>MANILA -- Supermarket chain Puregold is partnering with GCash to allow sari-sari stores to refill their inventory more easily.</p><p>With GGives for Business, sari-sari store owners under <a href="https://news.abs-cbn.com/business/2024/8/9/puregold-net-income-up-12-5-pct-in-first-half-of-2024-917" rel="noopener noreferrer" target="_blank">Puregold’</a>s Tindahan ni Aling Puring Program can get up to P5,000 worth of inventory on credit through the GCash app, with no additional documents needed.</p><p>Tony Isidro, president and chief executive officer of GCash lending arm Fuse, said he hopes this partnership will allow sari-sari stores to grow their businesses by offering them <span id="isPasted" style="color:rgb(65, 65, 65);letter-spacing:normal;orphans:2;text-align:left;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">accessible and affordable working capital.</span></p><p><span id="isPasted">Citing data from </span>Tech For Good Institute’s Platform Economy Report, Globe said 79 percent of micro, small, and medium enterprises (MSMEs) report a lack of working capital to maintain their businesses.</p><p>This is despite accounting for 99.58 percent of businesses nationwide and employing 63 percent of the Philippines&#x27; workforce, according to the latest data from the Department of Trade and Industry.</p><div><a href="https://news.abs-cbn.com/business/2024/8/2/ayala-ups-stake-in-gcash-parent-firm-1128" rel="noopener noreferrer" target="_blank">GCash doubles worth to $5-B as Ayala Corp ups stake, MUFG invests</a></div><div><a href="https://news.abs-cbn.com/business/2024/5/23/gcash-ipo-to-depend-on-market-conditions-globe-says-1452" rel="noopener noreferrer" target="_blank">GCash IPO to depend on market conditions, Globe says</a></div><p>In 2023, GCash said it aims to expand its services to business-to-business transactions.</p><div><a href="https://news.abs-cbn.com/business/11/21/23/gcash-eyes-expansion-to-b2b-transactions" rel="noopener noreferrer" target="_blank">GCash eyes expansion to B2B transactions</a></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/69SSqWviviM?&amp;t=24s&amp;ab_channel=ABS-CBNNewsautoplay=1&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>Puregold is partnering with GCash to allow sari-sari stores to pay for their inventory at a later date.</p>

Puregold is partnering with GCash to allow sari-sari stores to pay for their inventory at a later date.

Sari-sari stores to get inventory credit thru GCash-Puregold partnership

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Sari-sari stores to get inventory credit thru GCash-Puregold partnership

Benise Balaoing,

ABS-CBN News

Published Sep 19, 2024 02:48 PM PHT

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Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.