GCash
The Philippines' super-app wallet; ~94M users, GCredit + GSave make it bank-like.
- Who holds it
- An e-money institution holds your balance in a safeguarding account — E-money issuer license (EMI-NBFI, Bangko Sentral ng Pilipinas) via G-Xchange Inc.; Mynt group.
- The ledger
- The e-money institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from GCash’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · underbanked |
| AI | AI underwriting in production |
| HQ | Manila, PH |
| Founded | 2004 |
| Custody | Custodial |
| Regulation type | E-money institution |
| License detail | E-money issuer license (EMI-NBFI, Bangko Sentral ng Pilipinas) via G-Xchange Inc.; Mynt group |
| Card | Visa · Debit (GCash Card) |
| Yield | GSave up to 2.6% |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
| Reported users | 94M users (2024) |
Verified links: official site ↗
Common questions about GCash
What is GCash?
GCash is a fiat neobank built for underbanked, headquartered in Manila, PH and founded in 2004. Your money is held custodially, so GCash or its partner bank holds the balance and you hold a claim on it. It is regulated as an e-money institution (E-money issuer license (EMI-NBFI, Bangko Sentral ng Pilipinas) via G-Xchange Inc.; Mynt group).
Does GCash have a card, and where can you use it?
It issues a Visa debit (gcash card). It is available in Asia.
Does GCash require KYC?
Yes. GCash requires identity verification (KYC) to open an account, as a e-money institution.
What does GCash cost?
From the verified fields: yield GSave up to 2.6%. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with GCash before relying on them.
Early investors
Head-to-head
Peers
Wise · KakaoBank · WeBank · bKash · Maya · PhonePe
GCash appears in
Neobanks authorised as e-money institutions (48) · Neobanks available in Asia (132) · Neobanks built for the underbanked (23) · Neobanks that issue a Visa card (182) · Neobanks in Philippines (6)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.