Monday, 15 April 2024

Best SuperApp and Platform in the Philippines goes GCash

5 min read

By The Asian Banker

This platform recorded 76 million registered users in 2022, leading the market in user growth per month by two million users in 2022.  Its ability to continue to attract and retain a large customer base solidified its position in the market in the first quarter of 2023. 

This platform showcases exceptional user engagement and activity levels. It had a gross transaction value of $110 billion (PHP 6 trillion) in 2022, and a year-on-year growth rate of 58%. Filipino consumers voted this super-app as their most recommended platform, with 76% in The Asian Banker BankQuality consumer score.

Achieving a double unicorn status with a valuation exceeding $2 billion cements this platform’s position as one of the highest-valued financial platforms in the Philippines.

With its strong market presence, diverse financial offering, and high investor confidence, the award for  Best SuperApp and Platform in the Philippines goes GCash.

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