News Snapshot:
Philippines’ digital wallet provider GCash has introduced an online shopping insurance option – underwritten by PGA Sompo – with Singapore-based Insurtech Igloo, in order to protect its growing online client base. As mentioned in a release shared with CI, this launch and partnership come at a time when GCash has seen “a surge in online transactions and is on track to hit PHP 3 trillion in full-year gross transactions – 3x of last year’s performance.” This was “driven by Filipino consumers shifting to online for their daily needs.” There’s now an increasing demand to “go cashless” and significantly more merchants...
