Seedbox adds investment feature in GCash App to serve the Philippine Market
Seedbox Technologies, Inc. (member of Indivara Group) has teamed up with Globe Fintech Innovations Inc., which operates GCash, the Philippines’ largest mobile wallet, to develop GCash Invest Money, a new feature on the GCash App which allows GCash users to invest in investment funds.
GCash is the latest partner of Seedbox, and with this cooperation, Seedbox expects to double its customers by the end of 2018. Currently, GCash has around 9 million users in the Philippines. In the first phase, the Invest Money feature will be available only to 500 users.
“Currently we have about 5,000 users in Seedbox and by partnering with GCash we expect to have at least 10,000 users more only from GCash communities by end of 2018,” said Manny Nepomuceno, General Manager of Seedbox Technologies, Inc.
With this partnership GCash could start offering other funds powered by Seedbox, which is in line with GCash’s mission to provide Filipinos access to financial services.
Mynt is a partnership between Globe Telecom, the Ayala Corporation, and Ant Financial, that provides innovative and first-in-world fintech solutions to consumers, merchants, and organizations. Its vision is to enable financial access for consumers and merchants by disrupting traditional channels through digital financial technology services. It operates two fintech companies: GCash, a micropayment service that transforms the mobile phone into a virtual wallet for secure, fast, and convenient money transfer, and Fuse, a tech-based lending company that enables Filipinos to get microloans to business loans without the traditional requirements set by banks and other lending institutions. For more information, visit mynt.xyz.
GCash is an internationally-acclaimed micropayment service that transforms the mobile phone into a virtual wallet for secure, fast, and convenient money transfer. GCash can be used to buy prepaid load, pay bills, send money, make donations, shop online, and even purchase goods without the need to bring any cash.