GCash enables seamless linking of overseas Philippine remittances with bank balances in the UK and EU.
GCash, the Philippines’ leading financial super app and largest cashless ecosystem, is further expanding its presence across borders, particularly in the United Kingdom and Europe, through its new UK/EU Bank Cash In feature, which is revolutionizing money transfers for around two million Filipinos in Europe.
Starting in November, Filipinos in the UK and Europe will be able to seamlessly link their foreign bank accounts to GCash, making it easier and smoother to transfer money to the Philippines.
Previously, sending money from the UK and Europe to the Philippines was a complicated and time-consuming process, often involving high fees and multiple intermediaries. With the new functionality, Filipinos can enjoy lower fees and faster transactions when sending money home, as well as competitive exchange rates and real-time access to their funds.
“Many Filipinos have chosen Europe and the UK as their home. As a trusted digital financial partner built for Filipinos, by Filipinos, GCash hopes to meet their needs and help them stay connected with their loved ones,” said Paul Albano , General Manager of GCash International.
Floris de Kort , CEO of Thunes , added: “We are expanding our partnership with GCash, a long-standing valued member of our Direct Global Network, to transform the instant reload of digital wallets. Through Thunes’ Direct Global Network, we now offer an instant reload service that simplifies cross-border transactions. Our partnership with GCash reflects our passion for innovation, the versatility of our own network, and our commitment to financial inclusion by easing the movement of money around the world.”
With its vision to make ‘Finance for All’ a reality for its users worldwide, GCash recently became the Philippines’ first and only ‘ $5 billion unicorn’. With its relentless pursuit of financial inclusion and strong growth prospects, the company recently received new investments from Mitsubishi UFJ Financial Group (MUFG), Japan ’s largest banking group , and Ayala Corporation, one of the Philippines’ largest and most sustainable conglomerates.
“At GCash, we prioritize finances for all Filipinos, whether they are in the Philippines or abroad. We know that our fellow Filipinos in Europe and the UK are working hard to support their families back home,” said Albano. “We want to make their lives easier by finding more convenient ways to help them send money back to their families.”
Over GCash
GCash is the Philippines’ #1 financial super app and largest cashless ecosystem. Through the GCash App, users can easily buy prepaid airtime, pay bills through partner billing nationwide, send and receive money anywhere in the Philippines, even to other bank accounts, make purchases at over 6 million partner merchants and social sellers, access savings, credit, loans, insurance, investing, and much more, all from the convenience of their smartphones. The mobile wallet is operated by G-Xchange, Inc. (GXI), a wholly owned subsidiary of Mynt, the Philippines’ first and only $5 billion unicorn.
Above Thunes:
Thunes is the Smart Superhighway for moving money around the world. With Thunes’ proprietary Direct Global Network, members can make real-time payments in over 130 countries and 80+ currencies. Thunes’ network is directly connected to over 7 billion mobile wallets and bank accounts worldwide, as well as 15 billion cards via over 320 different payment methods, including GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay and many more. Thunes’ Direct Global Network is differentiated by its global reach, proprietary SmartX Treasury System and Fortress Compliance Platform, giving network members unmatched speed, control, visibility, protection and cost-efficiency when making real-time payments, worldwide. Thunes’ Direct Global Network members include gig economy giants like Uber and Deliveroo, super apps like Grab and WeChat, MTOs, fintechs, PSPs and banks. Thunes is headquartered in Singapore with offices in 15 locations including Abidjan , Barcelona , Beijing , Dubai , Hong Kong, Johannesburg , London, Manila, Nairobi , Paris, Riyadh, San Francisco , Sao Paulo and Shanghai . For more information, visit: https://www.thunes.com/
Photo – https://mma.prnewswire.com/media/2567632/GCash_x_Thunes_2.jpg
