2 weeks ago
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GCash, the Philippines’ leading e-wallet, is partnering with United Kingdom (UK)-based financial technology firm BCRemit to ease the money transfers of overseas Filipinos (OFs) in Europe and the United States (US) into the Philippines.
GCash said beginning this month, Filipinos in the UK, Spain, and other European Union (EU) countries as well as the US could send money straight to GCash accounts in the Philippines via the BCRemit app or website.
Through the partnership, OFs could also add cash to their own GCash accounts through BCRemit.
"At GCash, we are dedicated to making financial services accessible to all Filipinos, regardless of their location," said GCash International general manager Paul Albano in a statement.
"This partnership with BCRemit strengthens our ability to offer secure and affordable remittance solutions, enabling OFs to easily support their families back home,” he added.
As GCash’s new international remittance and cash-in partner, the Filipino-owned BCRemit has committed to level up the convenience of its money transfer services provided to customers abroad.
Since 2015, BCRemit has been growing steadily as it expands its footprint to reach Filipinos in other territories.
“We at BCRemit are thrilled with our partnership with GCash. This will give our customers in the UK, Spain, and the EU as well as the US direct access to GCash,” said BCRemit founder Oliver Calma.
“Our partnership aligns with our mission to use technology to improve the financial inclusion of Filipino migrant workers and their beneficiaries by providing them affordable, fast, and convenient money transfer services,” explained Calma.
BCRemit offers Filipinos abroad with fees starting at GBP/USD/EUR 2.99, providing customers with high exchange rates and the option to send remittances at any hour.
Partnering with GCash exponentially hikes BCRemit’s market scope, given that 81 percent of Filipinos already own a GCash account.
Operated by Globe Fintech Innovations Inc. (Mynt), GCash has transformed digital banking in the country, empowering Filipinos to be financially secure.
