GCash Unveils Groundbreaking Innovations at FutureCast 2024:Transforming FinTech for Every Filipino

MANILA, Philippines – GCash, the Philippines’ leader in digital financial services, unveiled groundbreaking innovations at this year’s GCash Futurecast, revolutionizing the country’s fintech landscape and elevating consumer experience.

Martha Sazon, President and CEO of GCash, shared, “Today, you can expect innovations that will “Change the Game”. But, the real game-changer is how we can make a meaningful impact on Filipino lives.”

She adds, “to innovate not only to provide access, but to be their partner towards better Financial Health and Wellness.”

State-of-the-Art Security 

An additional security measure for worry-free online transactions, Online PaySafe was introduced as part of GCash FutureCast 2024. This feature allows users to finish their transactions using multi-factor authentication by directing them to the GCash app throughout the payment process. This improves safety by decreasing the number of open tabs and windows, which leaves user accounts more vulnerable to takeover attempts, links to payment scams, and website spoofing.

Gigi has made it easier than ever to get assistance. With the help of generative AI, Gigi can now effortlessly address both simple and complicated inquiries. Additionally, Gigi may access previous discussions, do security checks, and link users to live agents as necessary.

With the help of Chubb, GCash launched Send Money Protect to protect customers against online fraud. Users now have the option to insurance their transactions up to PHP 15,000 for 30 days for as little as PHP 30. This protects your money from con artists who pose as legitimate businesses or people you know.

In an effort to make their software more user-friendly, GCash has released three new designs. With the new and improved Dashboard 3.0, consumers can quickly and easily access all of their favorite GCash products. Users can now easily access their most-used functions in the app with the new save, borrow, and grow tabs.

Your new best friends in financial literacy, GCat & Friends, have undergone some exciting upgrades and are prepared to make learning about money management a joy. Corey G, who finds the best sales, and GRaf, who pushes consumers to start saving and investing, are GCat’s buddies.

To improve your borrowing experience, GCash unveiled new AI-powered innovations, the first of which is GScore AI, an AI-powered customer trust score. This function determines a user’s creditworthiness and loan eligibility based on their everyday app use, eliminating the need for forms and extra paperwork.
Ads served by GCash’s AI-powered Hyper-Personalized Ads platform study consumers’ purchasing habits and then pairs them with relevant, personalized offers from GCash merchants and partners. Similar to a personal shopper, it chooses the greatest offers that clients will adore.

When it comes to money, GCoach AI is your best bet. It confidently teaches customers how to spend, save, and increase their money using generative AI. In addition to that, it connects users to the app’s auto-deposit capabilities and gives them individualized insights.

GCash’s dedication to promoting climate action includes GImpact, an initiative that allows users to create a more environmentally friendly future with each click. With this updated function, customers can now see exactly how their app purchases contribute to a decrease in carbon emissions. Users can use their Green Points to plant actual trees through GForest’s partnered NGOs, thanks to the reduction of emissions.

One new way to cultivate trees that produce fruit is with GFarm. Seedlings of fruit trees, such as avocado, jackfruit, and coffee, are distributed to farmers in the Philippines as part of this program, which aids them gradually but surely. The farmers and their communities benefit greatly from these because all of the profits flow straight to them.

In an effort to instill responsible financial habits in the next generation, GCash introduced GCash jr. with Parental Controls. With GCash jr. Visa Cards, children and teenagers from seven to seventeen years old can receive their very first electronic wallet and debit card. Now that parents may establish limits on their children’s wallets, their children can receive their allowance whenever they want, access their accounts whenever they want, and make monitored purchases and subscriptions.

The first savings account for children, GSave jr., is introduced by GCash in an effort to promote healthier saving habits among children. Now, children have the opportunity to learn about personal finance, establish their own financial objectives, and decide for themselves how much they wish to save.
This feature empowers today’s youth with safe and supervised spending, allowing them to develop better spending and saving habits. Parents may monitor their child’s spending with a customized dashboard that shows total spending and allows them to set transaction limits.

With its continued expansion in 2024 to 16 countries—including the USA, Canada, Italy, UK, Australia, Japan, Spain, UAE, South Korea, Taiwan, Germany, Hong Kong, Qatar, Singapore, KSA, and Kuwait—GCash will be accessible to 10 million Filipinos living abroad. With International Bank Cash-In, customers may withdraw funds from more than 12,000 US banks—and soon, European banks will be able to do the same.

GTravel is an all-in-one travel app that lets you book flights and hotels. It simplifies overseas travel by assisting consumers with booking experiences, purchasing e-sims, and even planning visa requirements. In addition to OONA Insurance, which grants immediate access to airport lounges in the event of an hour-long flight delay, GInsure also offers travelers the option to apply for Standard and Malayan travel insurance with coverage levels up to PHP 2.5 million.

In the near future, GCash will also be able to digitally process and reimburse tourists for taxes paid to European countries like Spain, Italy, France, Germany, and many more.

Travelers from other countries can use GCash’s convenient features, such as Scan to Pay and Send Money, for 30 days while they are in the Philippines.

Borrow on the Spot gives more people a chance to borrow, making financial support more accessible to everyone. Powered by Fuse, GCash’s lending arm, users can now, with just one tap of a button, instantly request to reassess their creditworthiness and get a higher credit limit via GGives, allowing eligible customers to fund their needs today.

From loans to payments, GCash launches two innovations to revolutionize the way Filipinos Pay with GCash. For a faster commute, Tap To Pay, powered by NFC (Near Field Communication), makes daily commutes easier for people on the go. Once users log in to their GCash app, all they have to do is simply tap their phone on the fast lane turnstile to make a payment.

Watch Pay, in partnership with Huawei, is the first payment method via smartwatches in the country! It allows users to wear their GCash wallet on their Huawei smartwatch and make seamless payments with just a scan of their QR on their wrist. 

All these innovations are designed with the financial progress of Filipinos in mind. By offering secure, accessible, and innovative financial solutions, GCash continues to empower every Filipino to manage their finances better and build a brighter future for themselves.

Experience the future of fintech today and download the GCash app, available on the Huawei App Gallery, Google Play Store, and the App Store.