CIMB Philippines to Power GCash’s Digital Micro-Lending Facility, GCredit

money wallet GCash is transitioning from a micro-lending innovation to being a full digital lending facility through the GCredit feature that is supported by CIMB Philippines.

CIMB Philippines will now officially power GCredit, as the bank employs its credit evaluation and analytics expertise as well as its funding capabilities for GCash customers.

Housed inside the GCash app, GCredit is a digital micro-lending service in the Philippines, where qualified customers can purchase goods, services, and pay their bills in-store or online with over 17,500 partner merchants nationwide.

GCash said in a statement that this will help GCredit to reach more Filipinos with monthly loan interest rates for as low as 1%.

Over time, the partnership will also offer an increased credit limit of up to P100,000 coming from the initial P10,000 limit.

Additionally, creditworthy customers will have the opportunity to access bigger credit lines through CIMB’s personal loans where they can digitally apply for a loan of up to P1,000,000.

Martha Sazon Gcash

Martha Sazon

Martha Sazon, President and CEO of GCash said,

“GCash has been at the forefront of financial inclusion in the Philippines, and delivers the same with innovations like GCredit. GCredit as a service has helped extend over PHP 8 billion to close to a million Filipinos nationwide in 2020.


With a stronger partnership with CIMB Bank, we are positive that millions more will be able to enjoy and maximize what GCredit can provide,”

CIMB Bank Philippines Chief Executive Officer Vijay Manoharan

Vijay Manoharan

Vijay Manoharan CEO of CIMB Bank Philippines said,

“With the expansion from our initial exclusive savings partnership now to credit partnership, we aspire to turn GCredit to be the number one credit and payment product in the country.


Through GCredit, Filipinos who do not have access to any credit facilities with a bank will now stand a chance to avail a revolving credit line with instant approvals in a very convenient and seamless way on their mobile phone.

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