Philippines
activeNeobank
- HQ
- Taguig
- Fee
- No monthly fee on #UNOready
GCash
The Philippinesu2019 scale wallet. G-Xchange, Inc. is an e-money issuer. The wallet is not a bank deposit.
Legal entity: G-Xchange, Inc.
Rate this app
6.9Mixed
AlternativesFive questions
At a glance
Is it a bank?
No. GCash is not a bank. Your money sits with G-Xchange, Inc. (wallet). GSave uses partner banks such as CIMB, BPI, Maybank, UNO Digital Bank u2014 confirm the live GSave footer.
If it fails?
The GCash wallet is not PDIC-insured. GSave balances sit at partner banks and follow those banksu2019 PDIC cover.
Salary?
Some employers pay GCash. That is still e-money, not a PDIC payroll account. For a bank salary, use UNO, Maya Bank or a universal bank.
Open from abroad?
A Philippine SIM is the gate. GCash Overseas exists as a separate product. This file is the PHP wallet.
Monthly fee
No monthly fee on the wallet. Cash-in, cash-out and some transfers have fees.
Account number
No IBAN. Peso e-wallet.
NeoBankDBVerdict
Licence first · score second
6.9
/10 · Mixed
GCash is the wallet. UNO is the bank. G-Xchange, Inc. is a BSP e-money issuer. The GCash balance is e-money, not a deposit, and PDIC does not cover it. If you want insurance, open GSave at a partner bank and read that banku2019s name. File GCash on Wallets, never on Neobanks.
What it is
G-Xchange, Inc. (GXI) runs GCash from Bonifacio Global City, Taguig. Parent is Globe Fintech Innovations, Inc. (Mynt). BSP lists GXI as an EMIu2013NBFI. The March 2026 terms say the GCash Wallet is a reloadable e-money instrument and not a deposit account.
Best for: Everyday peso payments in the Philippines. Not a PDIC bank account.
Last checked 2026-09-17. Not advice.
What it does well
- +Almost everyone in the Philippines already has it
- +QR and bills in one app
- +GSave can sit at a named partner bank with PDIC
- +Clear official line: the wallet is not a deposit
What to watch
- −The wallet itself has no PDIC cover
- −Not a bank
- −Fees on cash-out and some rails
- −Do not treat GCash as UNO Bank
Legal entity, not the app icon
Who is behind it
- Legal name
- G-Xchange, Inc.
- Parent
- Globe Fintech Innovations, Inc. (Mynt)
- Offices
- 8th Floor, W Global Center, 30th Street corner 9th Avenue, Bonifacio Global City, Taguig City
- If something goes wrong
- BSP for EMI issues. PDIC only if the product is GSave at a named bank.
The product, not the brand colour
The account
- Platforms
- iOS u00b7 Android
- Availability
- Philippine mobile number. 18+ for a standard wallet. Ages 7u201317 need a parent for GCash Junior.
- IBAN country
- No IBAN. Peso e-wallet.
- Remote open
- A Philippine SIM is the gate. GCash Overseas exists as a separate product. This file is the PHP wallet.
- Onboarding
- Download GCash, register a mobile number, complete KYC for higher limits.
- Minimum age
- 18 for a standard wallet. GCash Junior is 7u201317 with a parent.
- Salary / payroll
- Some employers pay GCash. That is still e-money, not a PDIC payroll account. For a bank salary, use UNO, Maya Bank or a universal bank.
How money actually moves
- Who holds the cash
- E-money / stored-value — not a bank deposit
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Fintech reviews can pause inbound while they check a transfer
- Card
- GCash lists a physical card and a virtual card on visa. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
The GCash wallet is not PDIC-insured. GSave balances sit at partner banks and follow those banksu2019 PDIC cover.
Who holds the money: G-Xchange, Inc. (wallet). GSave uses partner banks such as CIMB, BPI, Maybank, UNO Digital Bank u2014 confirm the live GSave footer
- BSPElectronic money issuer · Philippines
Fees
- Monthly
- No monthly fee on the wallet. Cash-in, cash-out and some transfers have fees.
- FX markup
- PHP wallet. Overseas products are separate.
- ATM
- ATM cash-out fees are on the GCash fee schedule.
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- –Apple Pay
- –Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- PHP e-wallet
- QR payments
- Bills and load
- GSave partner-bank savings
- GCredit / GLoan
Before you tap Sign up
How to open
Step 1
Download GCash
Use the official GCash app. Register the Philippine mobile number you actually use.
Step 2
Complete KYC
Fully verified wallets get higher limits. A basic wallet is still e-money, not a bank account.
Step 3
Keep GSave separate
If you want PDIC, open GSave and read the partner bank on that product. CIMB, BPI, Maybank and UNO have appeared as GSave rails u2014 confirm the live name.
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 6.2
- Fees20%
- 7.0
- Features15%
- 8.6
- App15%
- 8.8
- Global15%
- 4.5
- Support10%
- 7.0
Change log
Full logNo dated notes yet. When the licence, fees, or status moves, it lands here.
Available in
Straight answers
FAQ
01Is GCash a bank?
No. G-Xchange, Inc. is a BSP electronic money issuer. The official terms say the GCash Wallet is not a deposit account.
02Is GCash PDIC insured?
The wallet is not. PDIC only applies if you open GSave at a partner bank, and then the cover follows that bank, up to u20b11 million per depositor per bank.
03GCash vs UNO Digital Bank?
UNO is a BSP digital bank with PDIC on UNObank, Inc. GCash is the scale wallet. Use GCash to pay. Use UNO if you want a bank deposit.
04Can I receive salary on GCash?
Some employers send peso payroll to GCash. That money is still e-money. If you need a bank salary account, open UNO, Maya Bank or a universal bank.
05Who holds the money?
The wallet is a liability of G-Xchange, Inc. BSP rules make EMIs hold liquid assets against e-money. That is not PDIC. GSave is a separate bank account.
06Who can open GCash?
Anyone with a Philippine mobile number who passes KYC. Standard wallets are 18+. GCash Junior is for ages 7 to 17 with a parent.
07Does GCash have an IBAN?
No. It is a peso wallet with QR, bills and transfers. There is no European account number on this file.
08What is the legal name?
G-Xchange, Inc., Taguig. Parent: Globe Fintech Innovations, Inc. (Mynt). Brand: GCash.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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