GCash taps Viamericas to bring real-time remittances from North America to PH

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The partnership comes as personal remittances from Filipinos abroad reached a record high of $38.34 billion in 2024

MANILA, Philippines – Filipinos in the United States and Canada will soon be able to send money to the Philippines in real time through GCash’s partnership with Viamericas.

The two companies signed a partnership that will allow Filipinos in North America to send remittances straight to the GCash accounts of their loved ones in the Philippines.

Viamericas offers cross border money transfer services from over 2,500 retail locations in 40 US states and over 100,000 locations in 80 countries.

According to GCash’s international general manager Paul Albano, the partnership with Viamericas will allow the e-wallet to provide fast and secure financial services to Filipinos in North America.

“This collaboration enhances financial control for OFWs (overseas Filipino workers) and strengthens connections with their families, making the remittance process easier than ever,” he said.

Personal remittances from Filipinos abroad reached a record high of $38.34 billion in 2024. Remittances from Filipinos in the US accounted for 40.6% of the cash sent home that year.

As for Viamericas, its co-founder and executive chairman Joseph Argilagos said his company’s collaboration with the Ayala-owned e-wallet can expand its operations in the Philippines.

“This partnership perfectly aligns with our mission to empower communities by providing accessible, affordable and reliable financial services,” he said.

GCash estimates that around 81% of Filipinos own a GCash account.

Globe Telecom earlier said it wants to list GCash’s parent firm Mynt on the Philippine Stock Exchange. However, Globe CEO and president Ernest Cu hopes that the Securities and Exchange Commission will allow Mynt to list below the minimum public float requirement.

Public companies are currently required to have at least 20% of their shares available for public trading.  – Rappler.com