Why We Love Using GCash (And You Should Too!)

Table of Contents

• Reasons Why People Love GCash
• You can buy many good and services using GCash
• You do not need to carry cash or cards if you use GCash
• You can manage everything in just one app
• GCash is fully secure
• You can receive remittances from overseas into GCash
• You can save, invest and borrow money with GCash
• GCash is fun and enjoyable to use
• You can send and receive money with GCash
• Conclusion

GCash is the most popular digit wallet used in the Philippines. It has been gaining tremendous momentum and adoption over the last few years, and is a well-known brand name in Filipino households in the Philippines as well as overseas.

There is so much you can do with GCash like paying bills, booking movies, sending and receiving money, make investments and much more. In fact, GCash has so many products and services in its portfolio that it could easily become your one-top financial app for pretty much anything you would want to do with your money from spending, saving and investing.

One of the key reasons why GCash has achieved the success it has is the network of partners and merchants the GCash team has been adding onto their platform. GCash partners include banks, insurance companies, retail chains, shopping malls, public service utilities, transportation agencies and many others. There is pretty much nothing you cannot do with GCash within the Philippines.

GCash provides numerous products and services that span virtually every aspect of our financial lives.

Given all this, it is no surprise that GCash is a must have app in for Filipinos. In this article, we will present some good reasons why we love using GCash. Hopefully these inspire you to do the same – that is in case you are already not a GCash user!

Reasons Why People Love GCash

There are many reasons why millions of people love GCash. Here are some of them:

You can buy many good and services using GCash

One of the biggest advantages of GCash is that you can purchase literally anything in the Philippines with it. From moving money from and to your bank account, to gifting insurance products to your friends and family, to even helping preserve the Philippines national forests by planting trees, there is virtually no limit to what you can do with GCash.

Here are some of the popular GCash services that you can take advantage of right away:

• Making online purchases
• Buying load (mobile, telecom, broadband and others)
• Transfer money seamlessly from and to your bank account
• Send money to others regardless of whether they have a GCash account or not
• Make bill payments to numerous merchants and utility companies
• Pay with QR code at supported outlets and stores
• Take loans from GCash if you need money for purchases or other needs

These are some of the essential GCash services that add value to your economic and financial life right away, and help you manage your expenses in a better way.

You do not need to carry cash or cards if you use GCash

A huge advantage of digital payment methods is that everything is online and accessible via a website or mobile app. Since GCash is an electronic mobile wallet, you have the GCash app on your phone.

Having your money on your phone provides tremendous convenience and ease of use. We list some key benefits of this below:

• You do not have to deal with cash anymore. Cash can be lost and stolen, and you can only carry so much safely. Plus, if you are making a bigger purchase, it is hard to do so with cash. Additionally, with the new post-Covid world we live in, cash is not the most attractive payment instrument to deal with. With GCash, you can do away with cash altogether.
• You also do not need to use credit and debit cards anymore if you have the GCash app on your phone. Since your bank account is already linked to your GCash account, you can simply move money into GCash and pay using it. No need to make purchases on multiple cards, keep track of them and pay multiple bills.
• You can carry your money with you wherever you go. Since you have your phone with you, wherever you go, your GCash mobile wallet travels with you. This gives you the flexibility to make purchases and shop whenever and wherever you like.

You do not need to deal with cash and cards if you have a GCash account.

You can manage everything in just one app

A huge advantage of using GCash is that you can manage numerous, if not all, of your financial transactions and needs in a single app. There is pretty much nothing you cannot do with your GCash wallet. This is great since you can stay within GCash and make all kinds of purchases and other transactions.

This saves you from having to create numerous accounts with merchants, companies and other apps and manage them. We all know the hassle of dealing with umpteen accounts, remembering and changing passwords, paying multiple bills, and so on. With GCash, you have the option to avoid many accounts and just consolidate everything into your GCash account.

For example, GCash offers a service called GLife, which is a collection of mini-apps from various merchants and partners within GCash. This means you can manage your transactions with those merchants from within GCash without having to download their app and create a separate account with them.

Another big plus is that you can use your GCash wallet to pay for using such services, and not have to worry about paying with other methods like debit or credit cards, or bank transfers.

GCash is fully secure

You would not want to put your money into an app and use it to make purchases if you had any doubts about the security and safety of your funds. This is not a worry with GCash as the GCash team takes the security of your money as well as the protection of your private data very seriously.

Below are some of the primary security mechanisms that GCash implements:

• Numerous secure authentication solutions like the use of technologies like One-time Password (OTP), Mobile Personal Identification Number (MPIN), Facial Recognition and Fingerprint Login.
• Fund insurance that guarantees that GCash will handle any fraud or authorized access reports with top most priority and investigate them.
• Real time monitoring, detection and prevention of suspicious activity and fraud prevention.
• Customer Protect Program that covers you for loss of funds in case your account is compromised for no fault of yours.
• Registration and licensing with the Bangko Sentral ng Pilipinas (BSP) and ensuring compliance with their guidelines at all times.

Given all these measures in place, GCash tries to ensure that your money and information is safe with them at all times.

Needless to say, you also play an important role in keeping your account secure and following security best practices like not sharing sensitive information with anyone.

GCash takes the security and safety of your funds and private information very seriously.

You can receive remittances from overseas into GCash

If you are an Overseas Filipino Worker (OFW) who lives overseas in another country and sends money to their loves one back home, you can do so by sending money directly into your recipient's GCash account in the Philippines. Similarly, you can make business payments to the seller's or the merchant's GCash account as well.

Many global money transfer companies allow you to send remittances from abroad directly into a GCash account in the Philippines, and it is often free or very cost effective to do so.

If you are a resident of the Philippines, and have an overseas family member or relative who sends you money, you should consider having them send the funds into your GCash wallet. Not only will the money reach you faster, but you also have the convenience to make purchases or use the funds for other services within GCash right away.

You can save, invest and borrow money with GCash

This is another big reason why customers love GCash. Making purchases and shopping for good and services is great (after all, many other companies and even credit cards let you do the same), but wouldn't it be great if you could also manage your money within GCash with bank-like services?

The GCash team catered to these needs and created many services that let you save, invest and borrow money all within the GCash app. Below we list some pertinent services in these areas:

• GLoan: This is GCash's lending service using which you can get a cash loan of up to PHP 50,000. The interest rates are favorable, especially if your GScore is high. Plus, you can choose flexible loan durations based on when you think you can pay off the loan.
• GCredit: This is a revolving line of credit from GCash which lets you borrow up to PHP 30,000 on an ongoing basis. GCredit works similar to how a credit card works. You can keep borrowing up to the limit, and keep paying it off. A better GScore again guarantees a better rate, and you can avoid interest charges if you pay off the balance.
• GSave: This is an interest bearing savings account within GCash where you can put your extra money to let it grow. GCash partners with CIMB Bank and BPI (Bank of the Philippine Islands) to provide you with this service. CIMB provides better interest rates and terms at this time, so might be a better choice to grow your money.
• GInvest: This is an investment marketplace that allows you to invest money with numerous GCash investment partners. You can buy stocks, bonds and mutual funds using GInvest.

GCash is fun and enjoyable to use

At first glance, this may not seem like a major advantage, but GCash really makes it enjoyable to use their products and services. We present some examples below:

• You can send money to friends and family with a clip using the GCash Send with a Clip service. The clip can be a photo, audio or video message. This is a great way to personalize your monetary gift to your loved ones.
• If you want to send money to multiple recipients in a single transaction, you can use the GCash Send Gift service. You can also include a personal message. GCash makes it a lot of fun to use this service by giving you an option to divide the funds randomly for your recipients.
• A very impressive initiative from GCash is GForest, which is a way to help you contribute towards savings the Philippines national forests by adopting trees and planting new ones. Since by using GCash, you help reduce your personal carbon footprint, GCash rewards you with green energy credits which you can redeem to plant a brand new tree. To gamify this, you plant a virtual tree within GForest, and GCash replicates that by planting a real tree in the Philippines.
• You can also utilize GCash for entertainment purposes like buying gaming credits, boking movies, etc. This is a great way to fuel your leisure and fun time with GCash.

GCash makes it fun and enjoyable for customers to use their products and services.

You can send and receive money with GCash

GCash is a digital wallet, and therefore, it is no surprise that it would allow you to send and receive money seamlessly. You can connect your bank account with GCash, and move money from your bank account into GCash, as well as the other way around.

Additionally, you can pay others with GCash. Not only can you send money to other GCash users easily from within GCash, but you can also transfer funds to non-GCash users. If your recipient is not a GCash user, they can easily redeem the funds by either creating a GCash account or going to a GCash partner outlet to collect the funds.

Finally, you can also request money from friends and family if you are in need of some financial help. Note that helping friends must have a GCash account as well to be able to respond to your request for money.

You can send and receive money using GCash. Sending to friends and family is easy, and you can also request money when in need.

These are our top 8 reasons why we think Filipinos love using GCash. With so much to offer to its users, it is no surprise that GCash has seen the adoption that it has.

Conclusion

If you are not using GCash yet as a resident of the Philippines, we strongly recommend you consider signing up and using it. There is pretty much nothing you cannot do with your GCash mobile wallet!

Sign up and harness the power of GCash to take your financial life to the next level. Not only can you conveniently buy numerous products and services, but also save and invest your money to grow it.

To summarize, the GCash ecosystem could easily become your one-stop financial app for numerous day to day money related needs. Take advantage and simplify your monetary life with GCash.

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