Search results
Results from the WOW.Com Content Network
As of May 2023, GCash claims to have 81 million active users and 2.5 million sellers and merchants across the Philippines. [2] [3] Since GCash does not have bank status, the ₱500,000 protection of funds deposited in a bank by the Philippine Deposit Insurance Corporation is not available for e-money issuers.
As of June 2022, Maya Wallet reached 50 million registered users, [10] making it the second most-used e-wallet service in the Philippines, only behind GCash. As of 2022, there were an estimated 58 million active e-wallet users in the Philippines, with this number expected to grow to 81 million by 2025. [citation needed]
What links here; Related changes; Upload file; Special pages; Permanent link; Page information; Cite this page; Get shortened URL; Download QR code
GCash is now valued at $5 billion after Japan’s largest lender, Mitsubishi UFJ Financial Group, acquired an 8% stake for $393 million in early August. Mynt also owns Fuse, a lending app.
Philippine mobile wallet GCash has raised more than $175 million in capital from New York-based private equity fund Bow Wave Capital Management, the financial technology arm of Globe Telecom Inc said.
High-yield savings: According to the FDIC, the average savings account interest rate is just 0.45% — just $4,500 annually for a $1 million balance — but high-yield savings accounts offer rates ...
AF Payments Inc. announced in March 2017 that it has sold 3 million beep cards, mostly to riders of LRT and MRT since it began the system's operations in 2015. It claimed that about 60 percent of MRT and LRT riders used Beep cards to pay their train travel expenses while the rest used the standard single-journey tickets. [ 2 ]
To be sure, $1 million may not be enough if you intend to spend lavishly. However, some retirees may be able to get by on $30,000 in income, in which case you may not need $1 million in order to ...