By the end of 2023, GCash had more than 76 million users, which is nearly 70% of the entire population of the Philippines. From paying bills to shopping online, GCash was the primary option for locals. At the end of 2024, GCash will be stronger than ever and have new features and tools, too.
Investment plans and insurance policies are just some of the extras. But when it comes to sports betting or memorabilia, is GCash still a reliable option? According to most players out there, it’s by far the best-rated option. Let’s find out why.
An Option for Everything
GCash is widely accepted pretty much everywhere in the Philippines. And the best part about it is you don’t need to carry cash or a physical card to use it. That’s why so many people rely on it, especially younger generations.
You can pay bills, get a new phone, buy some groceries, have a couple of coffees in a bar, or, why not, upload some money to your online casino account? GCash is like a universal tool for anything involving money in the Philippines, and sports betting is no exception.
On top of all these, you can easily find legit online casino Philippines GCash as the primary option on many platforms.
Furthermore, extras like sports memorabilia or various online services can also be purchased with GCash, synonymous with convenience.
High Degree of Security
When it comes to real money, you want the highest degree of safety and security, and GCash doesn’t disappoint. Some of the primary security protocols cover several different authentication solutions, such as one-time passwords, mobile personal identification numbers, fingerprints, or facial logins.
Then, you have fund insurance, which basically guarantees that GCash can tackle fraud reports effectively. Real-time monitoring is also in place, as are customer protection programs and licensing from the Bangko Sentral ng Pilipinas, which guarantees compliance.
Regarding security and convenience, GCash isn’t the only platform that offers such standards.
According to Hiraya Alonto, a professional content developer, researcher, and senior advisor at CasinoPhilippines10, “several online casino gaming enthusiasts have different requirements from the payment procedures available at every Neteller Casino Online. But Neteller gives you the perfect mix of all your needs to be fulfilled, starting from a simple payment process to being one of the fastest and the most secure ones out there.”
While there’s some competition, GCash remains dominant in the local market.
Both PAGCOR and Unofficial Websites
GCash allows funding sports betting accounts at almost every casino licensed by PAGCOR (Philippine Amusement and Gaming Corporation).
Since it’s run and managed by the government, PAGCOR has extremely strict regulations. In fact, over the past few years, there have been numerous calls from government officials and politicians to ban gambling or at least access to offshore casinos, which are perfectly legal.
PAGCOR lists several local casinos with strong gambling measures in place. For instance, deposits and loss limits could be limited. There are also policies for self-exclusion. However, these measures could also be seen as limitations by responsible players.
With GCash, users can fund sports betting accounts in online casinos that PAGCOR does not license. This means sports betting on offshore or international casinos has never been easier.
While each jurisdiction has its own rules and regulations, it’s important to understand that most countries have strong policies, some more effective than PAGCOR’s. Because PAGCOR doesn’t license an online casino, it doesn’t mean it’s illegal or risky.
On the same note, just because some casinos are listed on PAGCOR doesn’t mean they offer the highest standards in terms of protection. It’s up to players to do their homework.
All in One
GCash provides access to all of its features in just one app. This means you can enjoy all your sports-related activities in one place. You won’t need to make accounts for PayPal, Skrill, Stripe, Venmo, Payoneer, and other similar platforms for different shops or casinos.
For example, different sports betting sites will have different requirements regarding deposits and withdrawals. You may need to register, verify, and waste time with more accounts. At the same time, other sports memorabilia stores may also have their requirements.
Not only is it confusing, but at the same time, you’ll also feel lost with all sorts of usernames, passwords, apps, and so on. With GCash, the wallet allows all sorts of purchases and transactions. The portal saves you from registering different accounts with companies and merchants.
It’s a hassle to remember or change passwords, deal with spam from every platform, and comply with different password requirements. It also poses a risk to security. GCash clears these issues by consolidating everything into one wallet.
Is GCash Going to Stick?
Absolutely. The GDP expansion in the local economy of the Philippines brings in a solid base for the growth of different fintech services. GCash is one of these digital solutions, and its growth is self-explanatory. It won’t go around too soon.
Furthermore, the digital penetration percentage is just as important in the process. Compared to other similarly developed jurisdictions, the Philippines can brag that three out of four people have access to the Internet.
The growing population rate is not to be overlooked either. Around 30% of the country is younger than 15. The market will keep serving the young population, who appreciates access to a convenient and digital lifestyle.
Last but not least, the Philippines has one of the highest underbanked communities in the world.
In other words, the banking penetration rate is fairly low, meaning too many people find it impossible to access banking services. With GCash and the popularity of sports betting and memorabilia, accessing such things becomes a piece of cake without worrying about traveling, branches, or verifications.
Conclusion
GCash is not just a trend in the Philippines but a must. It offers access to various online casinos, different markets, and international shops dealing with sports memorabilia. From this point of view, some may say GCash is the only way to access a comprehensive sports world at a glance.