GCash makes investing possible with P50

Filipinos can now kickstart their investment journey for the price of a donut or a cup of milk tea, thanks to leading mobile wallet GCash, which is bringing investment to the mobile wallet.

Invest Money, a feature in the GCash app, is an online platform that allows users to invest in mutual funds straight from their smartphones for a minimum of only P50, making it the cheapest and most accessible investment vehicle in the country.

The price of entry is roughly the value of a fancy donut at Krispy Kreme or half the price of a large milk tea, a come-on for beginners in investments or those afraid to put their hard-earned money at risk.

Traditional investments, on the other hand, require a minimum capital of P5,000 to P10,000.

As of October, GCash users have opened 432,000 Unit Investment Trust Funds (UITF) accounts in the Peso Money Market Fund of GCash’s partner provider ATRAM Trust Corp., surpassing the number of retail UITF accounts in the Philippine banking system, according to Mynt, the company behind GCash.

GScore 101: What it is and why it's worth understanding

Many Filipinos find it hard to take out loans in banks and other financial institutions. There are too many requirements, including documents that, ironically, those in most need do not have.

And so, with limited choices in the face of financial emergencies, some would turn to loan sharks who impose hefty interest.

It is because of such gap in financial services that Mynt, the company behind GCash, designed a way to make loans more accessible for Filipinos while at the same time giving them a dignified way to borrow.

GCredit, the country’s first mobile, QR-based credit line, aims to make loans available to everyone. It allows users to pay their bills and buy from partner merchants using credit.

GCredit has over 250,000 credit lines and impressive default rates, reaching underserved sectors.

At the heart of GCredit is the GScore, the first trust-based score in the country. So how does it work? Read on.

The GScore is a 3-digit number that represents a user’s relationship with GCash. The score is based on how users transact with GCash, whether by sending money, buying load or making payments, among others.

One’s GScore is earned through frequency of GCash use: the higher it is, the higher the credit limit.

Maintaining a good GScore is vital in keeping access to GCredit. The credit limit starts at P1,000, but keeping a good GScore gives users a chance to avail themselves of bigger loans.

Amaia Scapes Cabuyao residents to benefit from new Skyway Extension

Sleekly designed modern homes boasting roomy interior spaces never fail to catch the eye of prospective homebuyers. When these are located in well-maintained and secure gated communities and have close access to key commercial hubs, individuals and families that aspire for a stress-free lifestyle wisely seek them out. 

Amaia Scapes Cabuyao offers all these features and more. The property will soon benefit from the construction of the new Skyway Extension to Susana Heights, a project that started last June. 

Over 1,000 local, foreign bizmen to gather under one roof for biggest business event in PHL Infra, digital economy high on agenda of 45th PBC&E

The country's top policymakers, including President Duterte himself, will be meeting with over 1,000 foreign and local businessmen to set the tone for public-private initiatives in the coming years at th 45th Philippine Business Conference and Expo (45th PBCE) on October 16 and 17 at the Manila Hotel.

The Philippine Chamber of Commerce and Industry (PCCI), the country's largest business organization, again takes the lead in this undertaking as the country seeks to continue improving it business climate amid the Duterte administration's massive infrastructure buildup and preparations for the digital revolution. 

The Growth Faculty Welcomes President Barack Obama at its Asia-Pacific Executive Business Seminar in Singapore

Special event ‘In Conversation with President Barack Obama’ to take place on Monday 16 December 2019

Leading business events provider, The Growth Faculty has confirmed President Barack Obama will address Asia-Pacific business leaders at a special event this December in Singapore.

GCash is the preferred mobile wallet by Filipinos for cashless transfers

E-wallet segment seen to continue expanding

GCash is the top mobile wallet used by Filipinos for cashless transactions, comprising 4.9 million out of the overall 6.4 million mobile wallet remitters in the country, according to a 2019 study conducted by The Nielsen Company.

Cashless transfers are defined as the use of any device or tool to send and receive money online, including bank transfers. Filipinos utilizing cashless transactions now comprise 19 percent or 9.3 million out of an estimated total 49 million who do money transfers. 

FPG Insurance launches Premium Medical Insurance

FPG Insurance President and CEO Ramon Yap Dimacali
and Regional Managing Director Stephen Blasina
(fourth and fifth in the photo respectively) together with
(L-R) NatRe Life and Health Treaty Officer Russell Agustin
and Head of Life Operations Victor Tanjuakio, AMAPHIL President
Izanina Magpantay, and FPG Health and Accident Assistant
 Vice President Ma. Mercedes dela Cruz.

FPG Insurance, a major player in the general insurance industry, formally launched its newest addition to the roster of its non-life insurance products, a high-end medical insurance called FPG HealthPlus.

FPG HealthPlus caters to Philippine-residing expats and the affluent public ensuring full medical coverage anywhere in the world. In partnership with a global institution such as the Advanced Medical Access Philippines, Inc. (AMAPHIL), FPG Insurance provides access to its clients to more than 2,500 medical providers through an extensive medical network around the globe. This latest offering has medical benefits which are unprecedented in the local market such as coverage for cancer treatment, kidney dialysis, day surgeries, as well as organ transplantation.