GCash and CIMB Bank Philippines further strengthen their partnership as GCredit transitions from a micro-lending innovation to being a full digital lending facility supported by the most awarded digital bank in the Philippines. This is in line with the partnership’s objective to push financial inclusion and to promote cashless transactions to more Filipinos.

CIMB Bank Philippines will now officially power GCredit, as the digital bank employs its credit evaluation and analytics expertise as well as its funding capabilities for GCash customers. This will help GCredit to reach more Filipinos with monthly loan interest rates for as low as 1 percent.