24 GCash Services You Should Be Aware Of

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Updated Dec 21, 2023

By RemitFinder

How do I keep my GScore high?

What is GLoan?

Conclusion

GCash is an amazingly popular digital wallet system prevalent in the Philippines. It has seen tremendous adoption for Filipinos, and has crossed 55 million users as or May 2022. That is a lot of people using GCash!

The power of GCash lies in its ease of use and carrying your money with you without dealing with cash or cards. GCash has also spent significant energy and focus on partnering with hundreds of thousands of merchants, stores, outlets, etc. to make it easy for you to use it for virtually anything you may need to spend money on.

In prior articles, we have discussed in detail on how you would add money to your GCash account, and steps to withdraw funds from GCash if you need to. Additionally, we also presented the 7 most useful and critical GCash services that you could use right away to take advantage of GCash. But GCash is offers many more services that are available to you.

In this article, we will cover various GCash services that you should be aware of so you can use them for your financial and related goals. Whilst there may be alternatives to many of these services, the key advantage of using them within the GCash ecosystem is that you do not need to create accounts everywhere. You can harness the power of GCash to manage all your financial needs and goals in one place.

A graphic with a wallet containing money and cards, and a computer mouse wire going into it, thus suggesting it is an electronic, digital wallet.

What services goes GCash provide?

GCash provides a huge variety of services that cover various financial needs one may have – these range from loans to insurance to credit ratings, as well as helping you earn interest and even invest in mutual funds.

Due to such a huge selection of services within the GCash umbrella, we like to refer to the GCash family of products and services as an "ecosystem". With so much to offer, the GCash system could easily become your one stop shop for all your financial needs.

GCash has become a financial ecosystem with numerous financial services that you can use for many needs.

For the purposes of our discussion, we will divide various GCash services into the 2 categories below:

Foundational Services: GCash products that include adding and withdrawing funds to/from your GCash account since, without these, you cannot even get started with using GCash.
Utility Services: GCash products that enable you to do something useful with GCash. In other words, services that help you consume other products and services with your GCash funds.

Below is a list of all the Utility Services that the GCash Ecosystem provides:

Buy Load
Send Money
Pay Bills
Shop and Pay Online
Make Bank Transfers
Pay with QR Code
GGives
GLife
GScore
GLoan
GCredit
GSave
GInvest
GInsure
GiftInsure
GForest
GCash Padala
GCash Pera Outlet
Send with a clip
KKB
Book Movies
Game Credits
Request Money
Send Gift

GCash provides a wide variety of products and services that span numerous financial needs and scenarios.

Of these 24 GCash services, we have already covered 7 in detail in another article; these are Buy Load, Send Money, Pay Bills, Shop and Pay Online, Make Bank Transfers, Pay with QR Code and GGives. Check out our detailed review of these aforementioned services in the said article if you want to know more about them.

In the rest of this article, we will cover the remaining 17 GCash services.

GCash services are very useful and varied, as we will see below. But before you can use these GCash offerings and products, your GCash accounts needs to have money to spend. Did you know you can fund your GCash account directly from overseas via international money transfers?

If you wish to receive money from abroad directly into your GCash account, there are numerous good options to do that. Check out RemitFinder's international money transfer comparison tool to explore various ways to send money into GCash from abroad.

Which GCash services can I use?

Your GCash account comes with 2 membership types – Basic and Fully Verified.

If you have a Basic GCash account, then you can only use the following 5 GCash products and services - Offline Cash-in, Pay Bills, Buy Load, AMEX Virtual Pay and Pay QR.

To be able to use additional GCash services, you need to upgrade your account to Fully Verified. Doing so is easy, and we recommend you do it as it opens up a ton of other useful GCash features and services for you to take advantage of.

You must have a Fully Verified GCash account to be able to use all the services GCash provides.

Introduction to various GCash services

Below, we provide you with a high level overview of each of the GCash services that we believe you should know of. Feel free to visit the GCash website for more details on any of these as needed.

What is GLife?

GLife is a collection of various merchant mini-apps within GCash. The biggest advantage of this is that you can access services from supported merchants and partners using your GCash account – you do not need to create a separate account with the partner.

Plus, you have access to your GCash funds in your account at all times when you make purchases using merchant apps within GLife. This is convenient as you do not need to worry about payments. If you had to create a separate account at the merchant, you would also need to setup a payment method. But in GLife, you can simply use your GCash balance to make purchases.

What is GScore?

GScore is a score that GCash assigns to your account to indicate the financial well-being and health of your GCash account. Your GScore signifies how well are you paying your loans on time, and how actively you use GCash and its various services.

In this sense, your GScore behaves like your credit score, but within the GCash ecosystem. Just like banks and financial institutions will make lending and other financial decisions keeping your credit score in view, so will GCash but by looking at your GScore.

In is, therefore, no surprise that your GScore has a direct impact on your qualification and interest rate for various GCash lending services like GLoan, GCredit and GGives. Keep your GScore healthy to make sure you get favorable interest rates for using these GCash services.

How do I keep my GScore high?

Follow some of the best practices below to keep your GScore healthy:

Keep a healthy positive balance in your GCash account, and Cash In often to ensure you do not go too low on your wallet balance.
Use GCash as much as you can – the more you use GCash, the better your GScore will be.
Pay all your GCash loan payments on time. Just like your credit score gets affected negatively when you fall behind on loan payments to your bank, so will your GScore for missing payments.
Participate in GSave and GInvest – these services help you get a return on your investment, plus they help keep your GScore high.
Take advantage of GCredit and try to maximize its usage – this will also help boost up your GScore.

Your GScore is critical to qualification for many GCash services, as well as getting favorable interest rates. Try to keep it as high as possible.

What is GLoan?

GLoan is a money lending service from GCash using which you can get a cash loan of up to PHP 50,000. You can use the funds from your GCash loan to do anything you would with your GCash account balance – shop, pay bills or cash out to use the funds outside of GCash.

A graphic of one person handling a big coin to another from a pile of coins

Below are some FAQs about GLoan:

How much money can I borrow from GCash using GLoan?

With GLoan, you can borrow up to PHP 50,000 from GCash. Please keep in mind that you must borrow at least PHP 1,000 to establish a loan.

What is the interest rate for a GLoan?

GCash determines the interest rate on your GLoan based on your GScore. The interest rate range you will pay will be between 1.59% to 6.57% per month. Note that the interest rate also depends on your GLoan duration – shorter the duration, the lesser the interest rate.

What durations can I get a GLoan for?

You can choose any of the following durations for your GLoan – 5 months, 9 months or 1 year.

How many GLoans can I have at any given time?

You can only have 1 active GLoan at any time. This means that if you intend to borrow more using GLoan, you must first pay off your existing GLoan.

Is there a processing fee to get a GLoan?

Yes, there is a processing fee for getting a GLoan. Currently, this fee is 3% of the loan amount, and will be deducted from your loan amount once your loan is approved and the funds are disbursed to you.

Is there a late fee if I miss a GLoan payment?

If you miss a payment on your GLoan installment, you will have to pay late fees. The penalty fee is PHP 100 fixed amount plus 0.15% daily charge calculated on your loan balance. Also, missing payments lowers your GScore, so try to ensure you make your loan payments on time.

GLoan is a fairly attractive and competitive borrowing option if you need to borrow money from GCash.

What is GCredit?

GCredit is a revolving line of credit that GCash gives you to allow you to borrow money on an ongoing basis to make purchases and spend as you wish. In that sense, GCredit is similar to a Credit Card, but without the hassle of maintaining an account at another financial institution.

Your GCredit line of credit is limited to PHP 30,000, and just like a credit card, you pay interest on the money you borrow. GCash makes it easy and convenient to see your billing cycles, due dates and interest owed from within your GCash account.

What is GSave?

GSave is an interest earning savings account within GCash that lets you earn interest on your money, much like a savings account at a bank or other financial institution like a credit union. In fact, GSave accounts are provided to GCash customers by 2 of GCash banking partners in the Philippines - CIMB Bank and Bank of the Philippine Islands (BPI).

Below are some FAQs about GSave:

Is GSave safe? Is my money secure in a GSave account?

Yes, your funds are completely safe in a GSave account. GSave is regulated by the Bangko Sentral ng Pilipinas (BSP) just like any other bank operating within the Philippines. Additionally, your savings of up to PHP 500,000 are also covered by the Philippine Deposit Insurance Corporation (PDIC).

Is it better to invest in GSave account with CIMB or with BPI?

Your GSave account can be backed by CIMB or BPI banks. But we recommend you choose CIMB as their interest rates are higher, and they have no minimum balance requirements.

You will earn a 2.5% interest on your GSave account with CIMB, and only 0.0925% with BPI. Additionally, CIMB has no service fees but BPI charges PHP 300 if your balance dips below PHP 3,000. CIMB also has no minimum account maintaining balance, nor minimum interest earning balance, so it is a better choice for you and hence our recommendation.

GSave is an excellent way to earn interest on your money. Use CIMB to earn more interest and avoid fees and limits.

What is GInvest?

GCash has umpteen partners in their ecosystem, and some of these are partners that provide investment products. And this is where GInvest comes in – GInvest is GCash's investment marketplace that helps you invest in various investment products made available by financial partners. With GInvest, you can put your money to work by buying, selling and holding financial investments.

Consecutive piles of coins with growing plants signifiying growth of money or savings

GInvest lets you invest in stocks, bonds and mutual fund investments from various financial institutions. Note that there may be minimum investment amounts in place as well as management fees charged depending on the investment and the provider. Do your research on various investment aspects before you choose to buy into any available funds.

What is GInsure?

GInsure is an insurance portfolio product from GCash that helps you procure all types of insurance including, but not limited to, health, auto, life and more. Due to partnerships in place with many insurance companies, GInsure is a highly convenient feature within GCash as you can use it your one stop solution for all your insurance needs.

The insurance premiums offered by GInsure tend to be highly competitive in the Philippines insurance industry with some policies starting at just PHP 10 premium per month. The added convenience of being able to manage all your insurance policies in one place is a major plus point for using GInsure.

Below are some FAQs about GInsure:

Which insurance partners are available in GInsure?

GInsure lets you purchase insurance policies from any of the following partners: BPIMS, Cebuana Lhuillier, Chubb, ETIQA, FPG Insurance, Kwik.insure, Kalayan, PGA Sompo and Singlife.

Between themselves, all these companies cover auto, medical, shopping, pet, compulsory third party liability (CTPL) and many other types of insurance needs you may have.

How many GInsure products can I purchase?

You can purchase as many GInsure products as you need to cover for various types of insurance.

GInsure can be your one stop center in GCash for all types of insurance need.

What is GiftInsure?

GiftInsure is an insurance gifting service provided by GCash whereby you can purchase insurance vouchers within GCash and gift them to your friends and family members. Once your friend gets the insurance voucher, they can redeem the same for purchasing Singlife insurance products in GInsure.

Currently, GiftInsure only works with Singlife insurance vouchers. GCash plans to add support for additional insurance providers soon.

Using GiftInsure, you can purchase and gift the following Singlife insurance gift vouchers:

Give Gold worth PHP 700
Give Silver worth PHP 550
Give Bronze worth PHP 300
Donate Gold worth PHP 700 for donating to a partner community – to be added soon

With GiftInsure, you can purchase Singlife insurance vouchers or various denominations and gift them to family and friends.

What is GForest?

GForest is a really commendable initiative from GCash that enables you to contribute to Philippines ecological protection and welfare by planting trees. Since GCash is a digital wallet, you get rewarded for using GCash since you contribute to a paperless and cashless economy, and therefore, reducing your personal carbon footprint.

The more you use GCash, the more green energy you earn. Once you reach a certain threshold, you can use your green energy credits in GForest to adopt native trees and help rebuild Philippines forests. You can also do this by sharing GForest tree adoption with your friends.

GForest makes it a lot of fun to rebuild trees in the Philippines by letting you plant a virtual tree within the app. For a virtual tree that you plant in GForest, GCash will plant an actual physical tree.

If you are passionate about green energy and reducing carbon emissions, use GCash as much as you can and utilize GForest to make your personal contribution towards Philippines' ecological preservation.

GForest helps you rebuild the Philippines by helping plant trees as a result of reducing your carbon footprint.

What is GCash Padala?

GCash Padala is yet another very useful GCash service that you should be aware of. GCash Padala is a convenient way to send money to anyone who does not have a GCash account. Once you send money to someone using GCash Padala, they can claim the funds by signing up for GCash or by going to a GCash outlet or store to collect money in person.

Below are some FAQs about GCash Padala:

How much money can I send with GCash Padala?

If you use GCash Padala to send money to family and friends, you must send a minimum amount of PHP 500. The maximum amount you can send with GCash Padala is PHP 5,000.

Are there any fees to use GCash Padala to send money?

Yes, there are fees to use GCash Padala. If you send PHP 500, there is a fixed fee of PHP 5. If you send more than PHP 500 (up to the maximum limit of PHP 5,000), the fee is 1.5% of the transfer amount.

Is there a way to avoid GCash Padala fee?

The only way to avoid GCash Padala fee is by having your recipient sign up for a GCash account to claim the funds. If your receiver does create a new GCash account to access the money you send via GCash Padala, GCash will waive the fee you paid, and you will get a credit for the fee amount.

You can avoid GCash Padala fees if your recipient creates a new GCash account to receive the money.

How does my recipient get the money I sent to them with GCash Padala?

Your receiver has 2 options to access the money you send to them using GCash Padala – they can either create a new GCash account and get the money in their wallet, or go to a GCash outlet or store to collect the funds as cash.

What is GCash Pera Outlet?

GCash Pera Outlet (PO) is the partner program offered by GCash to merchants, stores and outlets to become accredited GCash partners. By becoming a GCash Pera Outlet, such merchants get authorization to conduct many types of GCash transactions.

An eating outlet with the Open sign illuminated

GCash Pera Outlet program is a great way for stores and outlets to expand their service portfolio and hence earn more money. An added advantage is access to more customers we being a GCash partner enables merchants to increase their total addressable market (TAM).

What is GCash Send with a Clip?

GCash Send with a Clip is a fun way to send money to friends and family with a photo, audio or video message as an attachment. This makes your money transfer much more personal. You can choose from numerous media and themes that GCash provides, or use your own media.

Send with a Clip is a great way to stay engaged with your family and friends by sending them money with personalized messages. As you can imagine, this is a great use case for birthdays, anniversaries, and numerous other fun occasions.

What is GCash KKB?

GCash KKB is a bill or payment splitting service which lets you split expenses with others. You can basically create a KKB request and add friends to it. Then you can choose how to split the expense occurred. KKB also allows you to pay your own share of the bill, or nudge others if they have no paid their share yet.

KKB is a convenient way to split expenses with your friends without having to manage expense sharing manually.

What is GCash Book Movies service?

GCash also lets you book movies from within GCash. Using this service, you have access to movie theater apps within GMovies, and you can book movie seats from within GCash. This is very useful as you do not have to stand in lines to purchase movie tickets.

What is GCash Game Credits service?

GCash Game Credits is an easy way to purchase game credits that you can then redeem at various gaming applications within GCash. For example, you can use GCash game credits to Buy Load from gaming merchants and partners within the GCash partner network.

What is GCash Request Money service?

GCash provides a convenient service to Request Money from other GCash users. If you are low on funds, or need money for an urgent expense, you can quickly ask for help from friends and family by using the GCash Request Money service. Note that you can only request money from another GCash user so your friends and family you seek help from must have a GCash account.

What is GCash Send Gift service?

GCash Send Gift is a way to send money to multiple recipients in one go, along with a personalized message. You can gift money using Send Gift to 2-10 friends in a single transaction, and choose to split the money equally or randomly. You can also add a short message to personalize your gift further.

The recipients of your monetary gift must claim the money within 3 days, else funds will be refunded back to your account.

There you have it! We have provided you information about 24 GCash services that you should be aware of and should put to use to continue to get more from your GCash account.

Conclusion

GCash has so much to offer, and if you are not familiar with numerous GCash services, you may not be tapping into the full power and flexibility of GCash. The more you know, the better you can utilize GCash to simplify your life and save your precious time and hard earned money.

Use various GCash services to fully harness the power of GCash, and make the most of it!

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