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September 24, 2023

GCash to launch new insurance offerings on app

The mobile wallet aims to expand its insurance offerings from travel, business, to education.

GCash announced its plans to lay out more insurance offerings and make affordable insurance products available to Pinoys amid a growing demand for coverage.

Bankero Neil Trinidad of Gcash said GInsure will be unveiling new insurance offerings this year for SMEs, businesses, travel, pet insurance and even education.

Further, to protect its clients against online scams, GCash will also introduce a cyber-protection plan.


Three rural banks merge to enhance financial stability

Three rural banks have successfully merged in a move aimed at bolstering their financial stability, as confirmed by the Bangko Sentral ng Pilipinas (BSP). The merger officially took effect on July 13, following the necessary regulatory approvals, as detailed in a circular letter signed by Bankero and BSP Deputy Governor Chuchi G. Fonacier on September 15.

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