Ph government, top fintech firm team up to accelerate digital shift of transport sector

MANILA, Philippines, Aug. 13, 2025 /PRNewswire/ -- The Philippine government has partnered with the country's leading e-wallet in line with its agenda to modernize the local transportation sector with world-class payment solutions.

The Department of Transportation (DOTr), the country's central bank, Bangko Sentral ng Pilipinas (BSP), the Department of Information and Communications Technology (DICT), and leading local fintech giant GCash have launched world-class cashless solutions in Metro Manila's main rail line, the Metro Rail Transit System Line 3 (MRT-3).

This initiative positions the Philippines in the same category as its Southeast Asian neighbors, such as Singapore, which have implemented open-loop ticketing systems, which reduces friction for commuters, allowing them to use various cashless modes of payment.

The newly launched Automated Fare Collection System enables faster, easier journeys for MRT-3 passengers via a tap-in and tap-out method through multiple modes of payment: QR, mobile NFC, and debit/credit cards.

"This is just the beginning. We're working on this to make all turnstile carousels [equipped] with this option for various payment modes," said Transport Secretary Vince Dizon, adding the digital payment solutions will soon be available in other rail lines — the Light Rail Transit Lines 1 and 2, and other mass transport systems.

"One of our core mandates is to make payments safer, secure, efficient, reliable, and more accessible to all. Today, those two goals come together," said Walter Wassmer, member of the central bank's Monetary Board.

To help ensure the success of this initiative, DICT Secretary Henry Aguda said they have been working to enhance internet connectivity at MRT-3, allowing commuters to access the GCash app whenever.

"We're so proud and excited to finally launch this service in partnership with the government," said Martha Sazon, President & CEO of Mynt, the holding company of GCash. "Before, people would line up as early as 4:30 am just to buy a ticket. I hope that with this project, we can help them make their commute faster and more convenient."

About GCash

GCash is the Philippines' #1 Finance Super App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. Its mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only $5 billion unicorn in the Philippines.

GCash is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.

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Ph government, top fintech firm team up to accelerate digital shift of transport sector

SHANGHAI, Sept. 14, 2026 /PRNewswire/ -- Shanghai Electric (SEHK: 02727, SSE: 601727) has achieved a milestone in the high-end overseas energy sector by securing the contract for Unit 3 of the Sarawak Samalaju Combined Cycle Gas Turbine (CCGT) Project in Malaysia. The win represents significant international recognition of Shanghai Electric's heavy-duty gas turbine technology, underscoring the company's growing competitiveness in the global gas turbine market.

Under the agreement, Shanghai Electric will deliver a full EPC turnkey solution for the gas-fired power plant, coupled with a 25-year long-term service agreement (LTSA) covering all major equipment. Notably, every core component—from gas turbines and steam turbines to generators, heat recovery steam generators, and air-cooled systems—will be manufactured in-house by Shanghai Electric, which will also serve as the sole provider of the long-term maintenance and service program. This integrated, end-to-end capability gives Shanghai Electric full life-cycle coverage, spanning equipment manufacturing, systems integration, and multi-decade operational support—a vertical model that brings the company on par with the established global leaders in the heavy-duty gas turbine sector.

Shanghai Electric's current heavy-duty gas turbine lineup features two principal models, with output ratings of 300 MW and 78 MW, respectively. To date, the company has delivered 103 units, with total installed capacity from commissioned projects exceeding 21,000 MW. The units covered by Shanghai Electric's long-term service and maintenance programs have accumulated more than 1.3 million operating hours. With robust production capacity available across both turbine classes, Shanghai Electric is positioned to offer new units for delivery as early as 2028. Beyond the Malaysian energy developer that awarded the current contract, project developers in Indonesia, Thailand, the Philippines, and Vietnam have also expressed strong interest in placing orders.

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Shanghai Electric Secures First Overseas Heavy-Duty Gas Turbine Order for 500 MW Malaysian Project