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In his speech at the Grand Hyatt Hotel in Manila on Tuesday, GCash President and CEO Anthony Thomas said GSave has opened a platform for Filipinos to secure their money with less hassle and a high savings rate.
The 500,000 GSave users are now enjoying the benefits of CIMB's savings account, which is available as the Save Money feature on the GCash app.
Anchored on a DNA of strong strategic partnerships and solving customer pain points digitally, CIMB Bank PH had forged a partnership with GCash, to allow GCash's customers direct, paperless and seamless access to savings account services, a product termed GSave.
'We saw this as an opportunity' that inspired GSave, said Anthony Thomas, chief executive officer of Mynt, a partnership between Globe Telecom, Ayala Corp.
GSave would allow depositors to open an account in CIMB Bank without a minimum deposit amount or maintaining balance.
According to Thomas, the concept of GSave was designed 'to address these barriers to banking and make saving money not only easy but fun.'
We saw this as an opportunity to deliver access to financial services through a mobile platform, which is how we came up with GSave," said Thomas.
GSave is a digital savings account by CIMB bank, which requires no initial deposit or maintaining balance.
"With GSave, we try to address these barriers to banking and make saving not only easy but fun for people," Thomas said.
What we're doing is incentivizing people to go online," Thomas said, presenting GCash's financial services, which include GScore, GCredit, GSave and GInvest.
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- GSAS Housing Assistance Project