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GCash marks 20 years of pioneering digital financial inclusion in the Philippines and beyond

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The Philippines’ top finance super app makes history as country’s only $5 billion unicorn

MANILA, Philippines, Oct. 8, 2024 /PRNewswire/ — Rooted in its mission to democratize financial services, GCash, the leading finance app in the Philippines, celebrates 20 years of commitment to digital financial inclusion as the nation’s first unicorn with a valuation exceeding $5 billion. This milestone highlights GCash’s global influence and its role in empowering users in the Philippines and across the world.

By consistently delivering innovative and accessible financial solutions, GCash stands out as one of the few financially sustainable fintech companies worldwide, dedicated to bridging the financial divide for underserved communities.

Key investments from Ayala Corporation, one of the Philippines’ largest and most diversified conglomerates, and Mitsubishi UFJ Financial Group (MUFG), Japan’s leading financial institution, have more than doubled GCash’s valuation from $2 billion in 2021. This recent funding round, which saw Ayala and MUFG each acquire an additional 8% stake in Mynt, the parent company of GCash, further solidifies GCash’s position as a trailblazer in financial inclusion across Southeast Asia.

“These past 20 years, we have made strides to provide more Filipinos with access to financial services. Now, we want to take it a step further and be their partner towards financial health and wellness,” GCash President and CEO Martha Sazon said. “Encouraged by the vision set by the Bangko Sentral ng Pilipinas and the United Nations towards digital financial inclusion, we will keep innovating to help Filipinos thrive everyday, be ready for a rainy day, and prepare for one day.”

Redefining financial access

Since its inception, GCash has prioritized how technological innovations can help promote financial inclusion. Before the pandemic, only 29% had bank accounts, less than 1% had access to investments, and 2% held credit cards. With 47% of the population still unbanked, GCash leveraged digital tools to significantly broaden access to digital financial services. Beyond basic transactions, the finance super app offers innovative in-app credit services and affordable lending products like GCredit, GLoan, and GGives and has disbursed PHP 155 billion to 5.4 million unique borrowers, including underserved segments.

In wealth management and insurance, GFunds has on boarded 6.6 million users and handles 3 in 4 UITF transactions. Meanwhile, GStocks represents 1 in 5 PSE accounts with 682,000 users and GInsure protects 7.8 million Filipinos with 28 million policies sold, making investment products and financial protection more inclusive and responsive to the needs of Filipinos.

Financial empowerment across the Philippines and beyond

GCash’s influence extends far beyond the country, solidifying its position as a global player in fintech. Through international remittance services, GCash Overseas, and Global Pay, GCash caters to the needs of millions of Overseas Filipino Workers (OFWs) and provides seamless financial services across borders. GCash Overseas allows Filipinos abroad to create GCash accounts using their international mobile numbers and send money back home, pay bills, and more from 16 countries and territories. Meanwhile, Global Pay enables Filipinos to use their GCash app in 47 countries at over 3 million merchants worldwide. This global expansion has also allowed GCash to become the second most-used finance app in the UAE, underscoring its global relevance.

GCash’s services have not only increased the number of accounts but also redefined the demographics of financial inclusion. In fact, 90% of GCash users come from lower-income classes, 57% are women, and 74% reside outside Metro Manila. This inclusivity is a testament to GCash’s commitment to being a “champion of digital financial inclusion,” helping Filipinos thrive in their everyday lives, wherever they are.

A sustainable and inclusive future for all

Beyond financial inclusion, GCash is also committed to environmental and social sustainability, making it one of the few financially sustainable fintech companies globally. Through its GForest initiative, GCash has mobilized 17 million users to plant over 2.8 million trees, reducing carbon emissions by 138,000 metric tons. This reforestation effort not only contributes to environmental conservation but also provides livelihoods for over 8,600 farmers.

By continually evolving and expanding its offerings, GCash is poised to solidify its status as a leader in the global fintech arena, driving transformative change that not only helps Filipinos thrive every day but also enhances the broader financial ecosystem beyond the Philippine borders.

About GCash

GCash is the Philippines’ #1 Finance Super App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. Its mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only $5 billion unicorn in the Philippines.

GCash is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/gcash-marks-20-years-of-pioneering-digital-financial-inclusion-in-the-philippines-and-beyond-302270796.html

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Osome Eyes the Next Wave of AI Companies Choosing Singapore

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July 26, 2026

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SINGAPORE, HONG KONG and LONDON, July 27, 2026 /PRNewswire/ — Osome, the AI company management platform trusted by more than 50,000 tech founders and solopreneurs globally, is strengthening its support for the next wave of AI companies choosing Singapore as their regional base.

Singapore’s appeal continues to grow as leading AI companies establish a stronger presence. OpenAI has committed S$300 million (US$234 million) to the country’s AI ecosystem, while Cognition has established its APAC headquarters there. Anthropic and Tencent are also increasing their presence in Singapore.

Budget 2026 reinforces this momentum with a National AI Impact Programme, a new Kampong AI hub at one-north, and a 400% tax deduction on qualifying AI investments. Foreign companies can access these incentives by incorporating a Private Limited Company, which allows 100% foreign ownership and startup tax rates as low as 10% under the Startup Tax Exemption.

As more AI-native startups choose Singapore to build lean, global businesses, Osome helps founders navigate the process. Operating across Singapore, Hong Kong, the UK, and the UAE, it enables founders to incorporate a company as fast as 7 days while managing back-office operations, including accounting, bookkeeping, and compliance.

Building on that support, Osome recently launched its Model Context Protocol (MCP) server, turning founders’ preferred AI assistants into a business command center. Through Claude, ChatGPT, and Gemini, founders can securely retrieve transactions, shareholder records, financial reports, and other company data from a single AI interface.

AI-native & tech founders are already building with Osome. UpNComer‘s founder, Karan Dasgupta, incorporated his Singapore company within days of switching to Osome, saving “easily 20 hours” every month. Dubai-based Aesty and Hong Kong’s Angelflow have reported similar gains, cutting bookkeeping from around a week of work to just two hours a month.

Eugenio Ferrante, CEO of Osome, said: “A few years ago, building a global company required a 500-person team and a massive regional office. Today, a three-person AI startup can operate globally from Singapore with a laptop. The biggest threat isn’t competition, but administrative drag. With our new MCP server, you can manage your company’s finance and compliance via your AI assistant, leaving you free to focus on building and serving customers.”

About Osome

Osome is an AI company-management platform combining human expertise with automation for incorporation, accounting and tax compliance. Since 2017, it has served 50,000+ startups in Singapore, Hong Kong, the UK and the UAE. Learn more at osome.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/osome-eyes-the-next-wave-of-ai-companies-choosing-singapore-302834753.html

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After Arrest Controversy, “Empire State Building Couple” Angela Nikolau and Ivan Beerkus to Address Recent Incident on Gosh Live

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3 hours ago

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July 26, 2026

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The couple said on social media that they will soon go live on Gosh Live to talk about life after the Empire State Building incident and the questions they want to answer directly.

Safety note: Gosh does not encourage or endorse dangerous, illegal or unauthorised activities. The livestream is intended solely as an entertainment and community interaction session.

NEW YORK, July 27, 2026 /PRNewswire/ — Angela Nikolau and Ivan Beerkus, the creator couple known for rooftopping and high-altitude visual content, first gained attention through their daring shoots on skyscrapers, city landmarks and extreme urban locations around the world. Their content brings together adventure, striking visuals and their relationship story in the same frame. Their journey was later featured in the Netflix documentary Skywalkers: A Love Story, introducing them to an even wider audience.

Recently, Angela and Ivan became the focus of media and social media discussion following the Empire State Building incident in New York. According to public reports, the couple were taken into police custody after climbing the Empire State Building and allegedly completing a proposal, and now face related charges. Since then, fans have been following updates on their situation, the legal aftermath and whether the couple would respond publicly.

Following the controversy, Angela and Ivan have chosen to face fans directly through a livestream, where they are expected to talk about the Empire State Building incident, what they have been going through, and the questions they have wanted to address themselves.

According to the preview shared on their social media accounts, the livestream will take place on Gosh Live. Compared with a formal interview, the stream is expected to be a more relaxed online social and entertainment setting, where fans can watch, chat and hear directly from the couple.

During the livestream, Angela and Ivan are expected to discuss life after the Empire State Building incident. They may also talk about their relationship, future plans and whether they will continue creating rooftopping-related content.

The livestream is scheduled to begin on July 26, 2026, at 9:00 p.m. UTC and will be available on the official Gosh Live page.

For fans who have been following Angela and Ivan, the livestream could be a rare opportunity to hear the couple speak directly about their situation after the controversy.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/after-arrest-controversy-empire-state-building-couple-angela-nikolau-and-ivan-beerkus-to-address-recent-incident-on-gosh-live-302834765.html

SOURCE Gosh Live

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Think Bold, Ride Bold: Insta360 Takes Over the Champs-Élysées with 200-Rider Community Event

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5 hours ago

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July 26, 2026

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LOS ANGELES, July 26, 2026 /PRNewswire/ — Insta360 announced “Vibrez en Jaune” Pop-Up, a three-day cycling and creator event held in Paris from July 24 to July 26, 2026. Designed to coincide with the electric atmosphere of the Tour de France finale, the event culminated in a 200-rider takeover of the Parisian streets, bringing the spirit of professional cycling to everyday enthusiasts and urban explorers.

Built around the theme ‘Think Bold, Ride Bold,’ “Vibrez en Jaune” Pop-Up featured immersive pop-up experiences, hands-on creator workshops, and a sprawling group ride traversing the iconic 90km classic route from Versailles to the Champs-Élysées. The festival served as a celebration of cycling not just as a competitive sport, but as a vehicle for exploration, storytelling, and community connection.

A Festival of Content and Culture

The event kicked off on July 24 with a two-day hub of activity in the heart of Paris. Moving away from traditional retail experiences, Insta360 hosted a series of “Cycle & Create” workshops designed to lower the barrier to content creation.

Attendees gained access to on-site trial devices, allowing them to test out Insta360’s unique product ecosystem firsthand. Insta360 product experts were on hand to teach advanced cycling photography and videography techniques, ensuring riders knew exactly how to capture dynamic, hands-free POV footage of their urban commutes and weekend group rides.

The pop-up also served as a central gathering space for the community. Registered riders connected over coffee, collected their limited-edition Insta360 yellow cycling jerseys, and prepared for the weekend’s main event.

The Hero Moment: Taking Over the Streets of Paris

On Sunday, July 26, over 200 riders embarked on the “Vibrez en Jaune” Pop-Up main event. Organized in partnership with the Peloton Cycling Club, the group rode a 90km route inspired by the Tour de France Paris finale.

Beginning in Versailles, the group rode through the Paris city center before arriving at the Champs-Élysées. To ensure safety and an optimal experience, riders were organized into small, supervised packs of 20 to 25 across four distinct difficulty tiers—Spicy, Medium-Plus, Medium, and Mild—making the professional route accessible to a wide range of skill levels.

Select riders were equipped with Insta360 cameras to record immersive, first-person footage of the group as they navigated the historic streets, creating a collaborative, community-driven documentary of the ride.

Celebrating the Finish Line

The ride concluded at the Insta360 pop-up space for a vibrant after-party. As the actual Tour de France final stage was broadcast live on a giant screen, participants were treated to a professional DJ, refreshments, and finger food.

To reward the community, Insta360 hosted a drawing featuring premium cycling accessory bundles and high-value grand prizes, including the Insta360 GO Ultra Tadej Pogačar Edition and an exclusive jersey signed by the cycling champion himself.

Redefining Urban Exploration

Beyond the celebration of the sport, “Vibrez en Jaune” Pop-Up highlights the brand’s ongoing commitment to sustainable urban lifestyles. By encouraging people to rediscover their cities by bike, Insta360 aims to promote cycling as an accessible, low-carbon choice that allows individuals to experience urban life in a more mindful, connected way.

About Insta360

With a “Think bold” mindset, Insta360 empowers people to capture and share their lives in extraordinary ways. Recognized as a market leader and innovator, Insta360’s vast lineup includes the world’s best-selling 360 cameras in the X Series, the thumb-sized GO Series for everyday capture, as well as an extensive range of action cameras, gimbals, webcams, and professional photography solutions. With intuitive, AI-powered software, Insta360 simplifies the creative process, allowing users to focus on storytelling without technical barriers. Insta360 is dedicated to helping a new generation of athletes, creatives, travelers and professionals bring their ideas to life.

For more details visit: http://www.insta360.com

About the Think Bold Fund: https://www.insta360.com/ThinkBoldFund
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View original content to download multimedia:https://www.prnewswire.com/news-releases/think-bold-ride-bold-insta360-takes-over-the-champs-elysees-with-200-rider-community-event-302833050.html

SOURCE Insta360

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