Technology has been developing by leaps and bounds to offer
convenient solutions for users. In the financial technology (fintech) space,
one of the recent developments is GGives, a “Buy Now, Pay Later” option
recently introduced by GCash, the no.1 e-wallet app in the Philippines. This
feature allows e-wallet users to buy big-ticket items and pay for them in easy
‘gives’ or installments.
GGives is the newest feature on the GCash app where users can shop from their favorite brands, treat themselves or buy gifts for their loved ones, and pay for them later through twice-monthly payments. With GGives, Filipinos can upgrade their lifestyle while managing their expenses as it allows qualified users to pay for big-ticket items valued up to PHP30,000 in up to 24 installments or ‘gives’ for as long as 12 months.
“GCash’s new lending features, such as GLoan and GGives, are
tailor-made for Filipinos’ purchasing behaviors, such as installment pay or hulugan.
This is because it allows them to have enough freedom to maximize their money
while still getting to enjoy what they want and need. With GLoan and GGives,
Filipinos now have access to safe and efficient credit services that offer fair
and transparent interest rates, to help them cope with these challenging
times,” explained GCash president and CEO Martha Sazon.
Another feature introduced by GCash to e-wallet users is
GLoan, a financial service that allows eligible users to borrow funds for various
purposes that will help improve their lifestyles. With GLoan, they can
instantly borrow up to PHP25,000 and get it in the form of actual cash in their
GCash wallet. They can use the money for anything — whether for emergencies,
travel, a small business, home renovation, gadget upgrade, or to pursue their
passion! Approved users have the option to pay in nine to 12 months.
These GCash features come after the successful launch of its
lending financial service products like GCredit, which reached a milestone of
one million borrowers as of the end of 2021. GLoan also disbursed a total of
PHP1 billion.
GGives
is available to users with a high GScore on the GCash app. For qualified users,
you may activate your GGives in just a few easy steps: Tap “view all services”
on the GCash app then select GGives. Next, simply verify and complete your
information on GGives and upon approval, you’re all set to avail of GGives!
To apply for a GLoan, qualified users can tap “View all GCash
Services” on the GCash app then select GLoan. Once on the loan selection page,
select your terms, and once approved, you’ll instantly receive the funds
in your GCash account.
Eligible users can enjoy GGives in over 27,000 stores via
Scan QR with more branches and options for users soon. On the GCash app,
shoppers can buy from Robinsons Department Store, Robinsons Supermarket, The SM
Store, Ministop, S&R Supermarket, Nike, Mercury Drug, Southstar Drug, Power
Mac Center, MemoXpress, Datablitz, and many more!
Aside from this new service, users can also enjoy GSave, an online
savings bank; GInvest, an easy investment feature; GInsure for insurance for
medical emergencies; and GLife, the e-commerce feature, all on the GCash
app.
Filipinos
can download the GCash app for free on the Google Play or App Store.
For
more information, visit https://help.gcash.com/hc/en-us/articles/4411269013529-What-are-the-things-that-I-need-to-know-before-using-GGives-.
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