GCash unveiled that it was working on its new services.
GCASH — The fintech company unveiled that it was working on its new services, including cryptocurrency products and pet insurance for cats.
The Ayala-led financial technology company earlier launched pet insurance catering to dog owners, but the service will soon be available for cats.
GCash Head of New Business Neil Trinidad said that with GCash’s Pet Insure under the GInsure marketplace, pets can get up to PHP 100,000 medical reimbursement, burial assistance, or owner’s protection or owner’s liability when legal liabilities are incurred because of a pet’s action.
With GInsure, Trinidad said that they aimed to make insurance relevant to the Filipino people and the only way they can build relevance is by being relevant to their evolving needs and lifestyles.
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According to Trinidad, the insurance product will be available to other pets as well. He also noted that interest in pet insurance was “really strong”.
ABS-CBN News reported that GCash users who are interested to buy pet insurance, which is available for as low as PHP 650, can visit the GCash app’s GInsure marketplace.
“We have a plan to roll it out, also to cats, with our current partner,” Trinidad said. “In fact, it is getting quite a lot of social media interest.“
Trinidad bared that the company is also planning to launch travel insurance and fire insurance for homes.
Aside from insurance products, Trinidad said that cryptocurrency products are also coming soon. He said they saw that there’s a lot of interest in cryptocurrencies as more than 50% consider buying crypto.
The Ayala-led fintech company said that it now has more than 60 million registered users nationwide as of May.
“We are working on our crypto product. We do see that there’s a lot of interest in cryptocurrency…more than 50 percent consider buying crypto. So we do have crypto products that will be available very soon,” Trinidad said.
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