GCash extends 1-month grace period for borrowers affected by Severe Tropical Storm Kristine

 GCash extends 1-month grace period for borrowers affected by Severe Tropical Storm Kristine

Mobilizes the spirit of bayanihan through #TulongMoiGCashMo

 

In response to the devastating effects of Severe Tropical Storm Kristine, GCash, through its official credit arm Fuse Lending, aims to support those in need by extending a one-month grace period for GLoan and GGives loan repayment for users in #KristinePH-hit areas in Region V specifically in Albay, Camarines Norte, Camarines Sur, Sorsogon, and Catanduanes. 

 

Loan repayments due between October 16 to November 7, will automatically be extended by one month. For instance, a loan due on October 22 will now be due on November 22, with subsequent due dates adjusted accordingly. Borrowers will not incur additional interest or late fees during the extension period, allowing them to focus on recovery without added financial stress. Eligible borrowers will receive SMS notifications detailing their new due dates and guidance on managing repayments. Those who can repay early are encouraged to do so.

"We stand with the communities affected by Severe Tropical Storm Kristine and are committed to helping them rebuild their lives," said Tony Isidro President & CEO of Fuse Lending. "Every single effort  counts, and together, we can make a significant difference."

 

#TulongMoiGCashMo: making donations accessible for everyone

 

In the spirit of Bayanihan during these challenging times, GCash is also enabling various organizations to raise funds and support relief and recovery operations for communities affected by heavy rains and flooding.

 

GCash users can contribute to various reputable non-governmental organizations which mount rescue, relief, and recovery operations. These NGOs include Ayala Foundation, ABS-CBN Foundation, GMA Kapuso Foundation, UNICEF, Philippine Red Cross, Caritas Manila and Save the Children

 

Users can opt to send funds directly to the NGOs by searching for them in the "Pay Bills" feature under the "Others" category or scan the official GCash QR code of the organizations. Transaction fees for these donations are waived.

 

Beware of scammers posing as donation drives

 

Users are encouraged to donate only through official payment channels like the GCash app and transact with trusted organizations to avoid fraudulent entities. Customers should never share their MPIN or OTP with anyone.

 

GCash urges thorough background checks on individuals and groups before contributing. Filipinos can download the GCash app for free on Google Play or the App Store. For more information on how you can help, visit the official Facebook page of GCash, https://www.facebook.com/gcashofficial.

 

###

About GCash

GCash is the Philippines’ #1 Finance Super App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. Its mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only $5 billion unicorn in the Philippines.

 

GCash is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.

 

About Fuse Lending, Inc.

Fuse Lending, Inc. is a company that offers simple, affordable, and secure loans in the Philippines. Its primary goal is to enable individuals and small businesses to achieve financial security and growth through various digital lending products. Fuse Lending is a wholly-owned subsidiary of Mynt, the first and only $5 billion unicorn in the Philippines. It’s also regulated by the Securities and Exchange Commission (SEC).

 

For more information, please contact:

Gilda Maquilan
VP and Head of Corporate Communications,
GCash
Email Address: corpcomm@gcash.com ¦ Facebook:http://www.facebook.com/gcashofficial