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917Ventures in the News

GCash Achieves New Milestone with Over 60M Registered Users

Leading Philippine fintech platform GCash now has over 60 million registered users nationwide marking a milestone with a majority of the countrys adult population using the popular ewallet service At the same time GCash now boasts of more than five million merchants and social sellers accepting digital money transfers or payments Its app marketplace GLife also has over 420 merchant partners We have maintained a strong growth momentum with 60 million Filipinos now placing their trust in GCash We are still the undisputed fintech leader in the country and we now cover 83 percent of the Philippines adult population We vow to continue providing reliable service to our customers and innovate to deliver their fintech and lifestyle needs said GCash President and CEO Martha Sazon GCash currently records a staggering 29 million daily logins with a peak in daily transactions at 19 million According to dataaihttpswwwdataaien formerly App Annie GCash has 5x more smartphone monthly active users than the next highest ewallet app in the Philippines as of April 2022 Operated by Mynt under Globes corporate venture builder 917Ventures GCash is committed to maintaining its market leadership status by introducing innovative products to further boost consumer engagement It also continues to innovate and deliver novel products as it supports the Globe Groups commitment to the United Nations Sustainable Development Goals a set of targets that highlights the roles of infrastructure and innovation as crucial drivers of economic growth and development under SDG No 9 It is the only ewallet with a full suite of financial services such as money transfers ecommerce savings investment insurance and just recently cash loan and buy now pay later products Introduced in 2004 GCash became widely adopted by the public during the pandemic due to increased digitalization Mobility restrictions gave rise to cashless transactions as consumer behavior shifted We now see an increased use of mobile wallets as people embrace ecommerce With GCash the unbanked and underserved population are finally empowered They can already do so much more such as paying for their online purchases without a credit card or a bank account getting health insurance and investing in Unit Investment Trust Fund Sazon said GCash offers online insurance through GInsure for as low as 39 per month so everyone can stay prepared for emergencies Its GInvest meanwhile allows easy investments for as low as 100 for local funds and 1000 for international funds GInvest has gained 70 of the home market for total UITF accounts in just seven months since its launch GCash the countrys lone double unicorn startup with a USD2 billion valuation has become embedded in the everyday lives of Filipinos It is determined to break barriers to bring financial inclusion to more people nationwide GCash continues to build consumer trust to draw more users and help the country transition into a cashlite economy as envisioned by the Bangko Sentral ng Pilipinas...

GCash Weaves Itself into Pinoy Vocabulary and Lifestyle

IGCash mo na yan newsroomconsumergcashpinoyvocabularylifestylesocialmediathumbnailjpghttpswebsite917vprodstatics3apsoutheast1amazonawscomnewsroom_consumer_gcash_pinoy_vocabulary_lifestyle_social_media_thumbnail_c99bf860a4jpg Two years ago GCash was hardly known by Filipino consumers Now the ewallet platformhttpswwwgcashcom has become so embedded in peoples everyday lives that it has become a verb a payment category and even a word to describe the letter G GCash President and CEO Martha Sazon shared this fun fact at the 2022 Rotary District Conference where she talked about the big role GCash plays in the rise of the digital economy Sazon was joined by the CEOs of BPI Angkas and Transportify It has become a verb People say iGCash mo yan I heard pa nga one time Ano ba ang GCash mo Paymaya Its now a category name Part na rin ng alphabet Yung isang bata sabi G is for GCash she quipped GCashs popularity soared during the pandemic despite being around since 2004 but Sazon believes that the mobile wallet is here to stay due to increased digitalization Consumers have also gotten used to the convenience it offers GCash is definitely not a fad People have finally equated GCash with access to opportunities They have made it like their own personal digital life hack Were not anymore the ones recommending use cases to them They are the ones inventing where to use it for she explained Sazon noted that there will always be a lot of players in the tech industry But the hardest part is embedding a service into peoples lifestyles I think thats what GCash has successfully done already she said With over 55 million registered users and 45 million merchants and social sellers GCash is the Philippines undisputed fintech platform leader Its gross transactions reached P38 trillion last year as consumers shift from traditional to digital was accelerated by pandemic needs GCash has also achieved double unicorn status carrying a valuation of US2 billion It is determined to continuously develop products and services that uplift peoples lives and secure their future Aside from emoney GCash provides savings especially for the unbanked through a partnership with CIMB digital bank It also offers insurance through GInsure for as low as P25 and investments via GInvest for as low as P100 for local funds and P1000 for international funds Another product GLoan has disbursed P1 billion worth of loans just six months from its launch Users can also turn to GGives for buy now pay later offerings with up to 12month installment plans...

GCash President and CEO Honored as Master Innovator for Digital Transformation

GCashhttpswwwgcashcom President and CEO Martha Sazon was recognized as a Master Innovator for Digital Transformation Innovation during the recent 2nd Annual Mansmith Innovation Awards and Summit Mansmith and Fielders Inc is an advocacybased training and consultancy firm newsroompartnersgcashpresidentceoinnovatortopbannermjpghttpswebsite917vprodstatics3apsoutheast1amazonawscomnewsroom_partners_gcash_president_ceo_innovator_top_banner_m_c4ba4af303jpg Sazon was recognized for helping create innovative digital products and services to improve the lives of Filipinos Sazon joined other business leaders who were also recognized namely Bounty Agro Ventures Inc President Ronald Mascarias Cebuana Lhuillier Group of Companies CEO Jean Henri Lhuillier and ConvergeICT Chairman and CEO Dennis Uy During the summit Sazon shared insights on how GCash was able to drive successful innovations by quickly responding to the demands of customers She attributes GCashs exponential growth to introducing relevant fintech products driven by the powerful insights from its customers At GCash we believe in innovation for good driven by the real needs of our customers We look to our customers as our guide our North Star as we push for financial inclusion Our contributions in the individual lives of our users add up to a snowball effect that creates meaningful waves of impact in the country said Sazon Meanwhile in his opening remarks Mansmith and Fielders Inc Chairman and Chief Innovation Strategist Josiah Go acknowledged the hard work that comes along with innovating and thriving especially during difficult times The pathway to innovation is not easy The path to creating something not just new but also successful and sustainable is no easy task However a little difficulty doesnt stop people from innovating In fact oftentimes it becomes a driving force for innovation he said To address the pain points of the unbanked and underserved Filipinos GCash introduced breakthrough financial services such as GSave for a savings account GInvest for easy access to local and global funds for as local as P50 and GInsure for insurance in times of emergencies At GCash were changing the mindset that financial services are only for the wealthy by making our digital products more accessible affordable and easy to understand said Sazon Sazon added that GCash wants to help address another concern of unbanked Filipinos that of having money readily available whenever they need it especially during emergencies GCash is helping address this with products such as GCredit GLoan and GGives GCredit has already provided more than 1 million users with accessible credit lines while GLoan as a quick cash loan offers affordable and fair rates versus informal lenders GGives is a buy now pay later proposition to provide credit to more than 2 percent of the population with accessible installment options Aside from these innovations GCash has also been bringing its services to the grassroots level through microenterprises which Sazon referred to as the key to reaching financial inclusion which is the companys vision With GCash Pera Outlet sarisari stores act as hubs for GCash services for their community while helping the small store owners earn extra income and livelihood opportunities Sazon also noted that the company has been beefing up its financial literacy campaigns while educating users on how GCash services can help them manage their finances and eventually help them achieve financial freedom With GCashs innovative services and innovators like Sazon GCash is moving closer to achieving its vision of Finance for All...

PIE Channel Delivers Fun and Prizes on TV, Online

New revolutionary TV and digital channel PIE short for Pinoy Interactive Entertainment is here to give the traditional viewing experience a digital upgrade Prepare to have the ride of your life with PIEs exuberant jocks and be among the winners of cash prizes from a total pot of P10 million by tuning in to BEAM on TV or via the PIE websitehttpspiecomph Get ready to win the day as everyones favorite neighbor Mayora Frances Cabatuando of Home Buddies Facebook community brings you relevant information inspiring stories and positive energy every 7 am at PIESILOG With her are resident Kikay Sela Guia Kwelang Kuya ng Lahat Tristan Ramirez Bibong Artist Raco Ruiz Good Boy Charmer Jae Miranda and VJ na Laging May Say Eryka Lucas Come noon BARANGAY PIE will be your jolly lunch buddy Join the antics of Ang Tito Mong Mayor Mayor TV Ang Muse ng Barangay Abby Trinidad Barangay TalakTokerist Ruth Paga Sawsawera ng Barangay Sunshine Teodoro Barangay Queen Sirena Inah Evans Barangay SexyTary Patsy Reyes and Siztmosa ng Barangay Coco Cordero This mix of personalities found in an ordinary Pinoy community offers offcenter news in amusing and witty ways the perfect break from tiresome work and school stuff The excitement continues at 400 pm daily PIEGALINGAN a different kind of talent variety show runs on air to celebrate the uniqueness of contestants not usually highlighted on TV PIEGALINGAN hosts G sa Lahat ng Gimik and TryIt actorstreamer Ralph Malibunas Reynang AllOut ang Support beauty queenactress Sam Bernardo and Bidabro and Promotor ng Trip actorhost Eris Aragoza will be around to cheer on the achievements of contestants may they be big or small Aside from nonstop fun and entertainment PIEs winning block PIENALO offers an interactive experience wherever you may be in the Philippines with numerous prizes at stake You can enjoy this interactive experience via your mobile phone with GoalOriented Achiever Eian Rances Ang Raketerang Breadwinner ng Visayas Nicki Morena HappyGoLucky Bunso ng TroPIE Kevin Montillano and wellloved chef Ninong Ry These PIENALO jocks understand how difficult certain choices can be and the realities of those from various backgrounds Classic game show Pera o Bayong levels up on PIE with a new interactive format with prizes given away every hour to viewers at home On Palong Follow PIE viewers will work together to find the Philippines next big digital content creator If you have the inner Marites in you then PIE Night Long is your perfect evening partner The program features buzzworthy modern Pinoy stories where you can share your views and feelings and be involved in the storytelling process On UZI the countrys first interactive teleserye viewers have a say on what happens next and write the story together Hosted by FunLoving and Woke Gen Z Aaron Maniego The Hopeless Romantic Love Guru Karen Bordador and The Sweet and Conservative Musician Renee Dominique PIE Night Long is a place where you can comfortably share your deepest fears and insecurities or your lifes greatest highs To celebrate the launch PIE is giving away P10 million in cash prizes to viewers for three months starting from its launch date So be engaged with the shows join our games and stand a chance to win The channel also launched its official song and station ID on May 22 featuring artists KD Estrada Alexa Ilacad PPOP Girl Group BINI Renee Dominique and John Roa Filipinos long for collective fun and PIE hopes to fill that gap On PIE those who watch become not just viewers but a wellengaged community that plays an active role in storytelling game shows and talk shows Whether on their TV sets laptops desktops or mobile devices PIE is accessible to Filipinos who want to try a new way to consumeand play withthe shows they love said KROMA Entertainment Chief Executive Officer Ian Monsod Here at PIE we are excited to introduce to you a new kind of viewing experience that combines the strengths of content and technology We designed our shows for the young and youngatheart We made our programs interactive so viewers can participate through TV and mobile devices because we believe that they are integral slices of the PIE Get ready for 21 hours of fun game shows talent and variety programs series and talk shows every day in this new entertainment channel said Cory Vidanes ABSCBN Chief Operating Officer of Broadcast newsroompartnerspiedeliversprizessocialmediathumbnailjpghttpswebsite917vprodstatics3apsoutheast1amazonawscomnewsroom_partners_pie_delivers_prizes_social_media_thumbnail_83b1887758jpg PIE the Philippines first multiscreen realtime interactive TV channel brings together BEAM 917Ventures tradigital entertainment company KROMAhttpswwwkromaph and the countrys leading storyteller and content creator ABSCBN It started airing on May 23 from 5 am to 2 am daily accessible to 11 million digital TV households in Metro Manila Cebu Davao Iloilo Zamboanga Naga Baguio and nearby provinces through partner station BEAM Find the PIE channel by scanning your Digibox watch via its website YouTubehttpswwwyoutubecomiampieofficial or via Sky Cable Channel 21 You can also watch PIE live on GCash GLife beginning May 28 2022...

RUSH, PayMongo Help SMEs Grow Online with Affordable eCommerce Solution

Loyalty and eCommerce solutions provider RUSH Technologies Inchttpswwwrushph and financial technology company PayMongohttpswwwpaymongocom are revolutionizing eCommerce in the Philippines by making it easier and more affordable for small and mediumsized enterprises SMEs to build and grow their businesses online Called the RUSH eStore Spark this newest and lowestpriced eCommerce solution by RUSH is packed with all the essential tools for businesses to succeed in the eCommerce landscape from brand discovery channels to lastmile delivery The package retails at P2500 a month newsroompartnerspaymongohelpsmesrushsocialmediathumbnailjpghttpswebsite917vprodstatics3apsoutheast1amazonawscomnewsroom_partners_paymongo_help_smes_rush_social_media_thumbnail_bb94f5ef4bjpg To further encourage SMEs to embrace eCommerce RUSH and PayMongo bring their Start Now Spark Now promo offering a 25 discount on the first two months of the RUSH eStore Spark subscription for those who book a demo from May 1 to May 15 On top of the subscription discount new merchants will also enjoy zero transaction fees for all cashless payments powered by PayMongo during the same period Addressing the common pain points of opening and managing an online store such as limited online visibility manual order processing high transaction fees or a platform with limited features the new RUSH eStore Spark gives merchants the necessary capabilities to grow and scale with their own channel said Julianne Fernandez Chief Product Officer of RUSH With RUSH eStore Spark merchants can enjoy more for much less They can process unlimited transactions upload an unlimited number of products onboard unlimited branches enroll unlimited merchant account users and employees and send an unlimited number of transactional SMS for free SMEs are often subscribed to several software solutions to maintain an online presence which can be counterproductive and costly in the long run Recognizing the need for an allinone solution Fernandez added RUSH wants businesses to be able to leverage the continuous growth of eCommerce in the Philippines by equipping them with affordable uncomplicated solutions Ultimately our mission is to make digitalization easy for businesses and we are fortunate to have PayMongo as our partner in turning this into reality RUSH allows SMEs to have their branded eCommerce website delight customers with promo codes accommodate ondemand or scheduled delivery or pickup and offer various modes of online payment through PayMongo Payment preferences in the country are continuously evolving and weve seen how challenging it is for some businesses to cater to their online customers At PayMongo we aim to ease this burden by giving them one platform to accept all types of digital payments including credit and debit cards ewallets and online banking Our ultimate goal is to empower businesses of all sizes to go online by making eCommerce simple easy and scalable a mission we share with RUSH said Francis Plaza CEO and cofounder of PayMongo...

917Ventures Launches Concati One-stop API Hub for Faster Time-to-market

One of our new tech ventures Concati is a onestop application programming interface API hub where developers can access highquality APIs to effortlessly enhance existing solutions and get to market faster Cover KV 2pnghttpswebsite917vprodstatics3apsoutheast1amazonawscomCover_KV_2_960592cf0cpng This suite of secure scalable and enterprisegrade APIs can be easily integrated into an organizations digital systems allowing companies to develop better products more quickly Users can cut their building costs and development time by one to two months Concati APIs work well with all major development languages Developers can simply use the technology they are most familiar with We are excited to introduce Concati to developers around the world for an elevated user experience among their customers Anyone creating a new web or mobile application can benefit from the flexibility and convenience that Concati provides The APIs are also relatively cheaper compared to their regional and international counterparts said Mikey Garrovillo Head of Product Technology and Data for 917Ventures With an easytouse API management platform businesses can explore and connect seamlessly Concati also offers reliable maintenance and aftersales support Available APIs include Address Service Centralized Logistics Consent Management Feedback Service Inventory Service Leaderboard and Missions Maintenance Service OTP Service Push Notifications Referral Service Scheduling Service Voucher Service and User Service You may sign up and create a Concati account on httpsconcaticomhttpsconcaticom Concati provides free 500 credits for developers to consume when they try out the APIs...