Philippines’ GCash Builds Up Business Beyond Payments Before IPO

The Philippines’ top fintech platform GCash is building up its suite of financial products beyond payments as it prepares for an initial public offering, its chief executive said on Monday.

“We’re looking to expand further our lending business and investing platforms that will support our AI work,” GCash President and CEO Martha Sazon said in an interview with Bloomberg Television’s Haslinda Amin on the sidelines of the World Economic Forum in Davos.

GCash is also working with the Philippine government to offer bonds via its app, she said. The company already allows users to buy insurance, stocks, crypto assets and ...