Filipino FinTech GCash has partnered with InsurTech Igloo to help support its large customer base with bolstered online shopping protection insurance.
According to Insurance Business Asia, GCash – who has a customer base of around 46 million – has seen over 13 million log-ins daily during the prolonged lockdowns on its mobile payments and banking platform. This growth in popularity has compelled the company to look to provide strong security for each transaction made in the company’s app.
GCash claimed that its app is expected to hit PHP 3 trillion in grass transactions soon, which is thrice its performance in 2020.
GCash CEO Martha Sazon said, “This comes at an unprecedented time when we see robust growth in our online transactions and user base. With excellent customer experience being the heart of our business alongside value-added services through our platform, we are thrilled to launch this new product with Igloo that secures online transactions for our customers.”
Igloo Philippines country manager Mario Berta added, “Now more than ever, is it most important to provide flexible solutions for the changing needs and processes of both businesses and customers… Igloo’s protection is not only timely but very relevant to GCash customers’ needs.”
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