Finance
Report says 35% of population use digital services like GCash in country where 50% are unbanked
GCash is the Philippines’ most popular digital wallet and is backed by local conglomerate Ayala Corp. It has also received investment from Japan’s Mitsubishi UFJ Financial Group. (Mitsubishi Corporation)
RAMON ROYANDOYAN
August 25, 2025 10:48 JST
MANILA — More Filipinos prefer to use e-wallet platforms to conduct their financial affairs than conventional bank accounts as fintechs become more popular in the Southeast Asian nation, where half of the population remains unbanked.