GCash, one of the top apps in PH according to App Annie rankings
App Annie, a mobile data and analytics company has released their top mobile apps for the Philippines based on active users from January to September 2020 in Google Play and the Apple App Store, and one of them is GCash.
According to App Annie, GCash registered a 130% app active user growth in September compared to the beginning of the year. GCash also noted that monthly downloads in recent months have peaked to up to 270% as compared to early 2020. Because of that, GCash was able to overtake other popular apps such as Netflix, Twitter, Grab, and even TikTok.
GCash says that the new data from App Annie reinforces GCash’s stronghold as the number one digital finance app in the country.
“We at GCash are proud of this milestone, as we want to empower more people with different digital financial services that they can take advantage of,” GCash President and CEO Martha Sazon said.
“But above all, we saw how Filipinos are in need of services that can enable them to function and do their normal day-to-day activities even when they are staying at home. Other than having the power to conveniently shop at home, people also want to conduct their other errands online — and GCash is here to support those needs,” she added.
Finance apps like GCash play an important role for Filipinos especially during the pandemic, as it can be used to pay bills, buy prepaid load, save money, borrow money, invest, and get insured. The demand for e-wallets will continue to increase as more people go cashless, which is the future of finance.
“As we go deeper into the stay-at-home lifestyle and economy, more and more Filipinos will focus on aligning their budgets and managing their finances, and get the best tools that can help them with that,” Sazon said.
“GCash is providing democratized access to financial technology or fintech by making it easier for them to navigate the challenges of financial volatility in these trying times,” she added.
GCash is operated by Globe Fintech Innovations Inc. (Mynt), a part of the portfolio companies of 917Ventures, the largest corporate incubator in the Philippines wholly-owned by Globe Telecom Inc.
As of writing, GCash has over 26 million users.
GCash is available for download on the App Store and Google Play. For more information, kindly visit https://www.gcash.com/.