GCash users grow 130%

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    Globe Telecom Inc.’s mobile wallet GCash has registered a 130 percent growth in the number of users as of September, according to a global app ranking authority.

    In a statement, App Annie data showed GCash recorded a breakthrough of over 10 million app downloads in just the first nine months of 2020. Downloads have been growing by 13 percent monthly on average.

    “We saw GCash downloads and active user base reach remarkable heights in the span of months during the pandemic as Filipinos are adjusting to the stay-at-home lifestyle. We observed how people rapidly adopted the use of fintech apps in their everyday lives and how it impacted their way of life. And we are proud to say that GCash is leading the revolution towards that cashless lifestyle of the Filipinos,” said Martha Sazon,GCash president and chief executive officer.

    Since the start of the year, both Android and iOS users have chosen GCash as their finance app of choice, according to data from App Annie.

    GCash is the top downloaded finance app with the most number of active users, App Annie said.