By Bernie Cahiles-Magkilat GCredit, the first mobile, QR-based credit line available in the Philippines, has extended P1 billion in credit to consumers only a year after it was introduced in the country. With 250,000 credit lines and impressive default rates, GCredit has successfully scaled an emerging lending model that is data-driven and fully digital to provide loan solutions to the underserved. Anthony Thomas, Chief Executive Officer and President of Mynt (Globe Fintech Innovations) which operates GCredit, said the mobile credit facility promotes Mynt’s vision for financial inclusion by giving people access to credit based on trust instead of the usual tedious documentation. “GCredit marks the realization of our commitment to lend to every Filipino. I am happy to share that this is exactly what we have done in the past year, and this is what we will continue to do to ensure a more inclusive future for all Filipinos,” Thomas said. GCredit is a feature within the GCash mobile wallet app that allows people to pay their bills and buy from GCash partner merchants using credit, which they can access within the app. Their credit limit depends on their GScore, the first trust-based score in the country, which is built around users’ GCash transactions: The more they use GCash, the higher their GScore; the higher their GScore, the higher their credit limit. Because GCredit availment is closed-loop — meaning via QR or Pay Bills only — it shows Mynt where customers use their loans, allowing the company to constantly improve the GScore model based on customer insights.