Every year, a large number of our kababayans go abroad in search of new and better job opportunities—making OFWs (Overseas Filipino Workers), one of the country’s biggest economic development contributors. There are an estimated 10 million Filipinos abroad globally, with 2.2M of them being OFWs, all seeking to provide their families with better lives through foreign salaries, netting over ₱1.5 trillion in remittances to the Philippines in 2020.
Remittance centers, apps and websites have been a go-to for our kababayans abroad, making sure their families in the Philippines get the money they need. However, it remains a challenge to know how their hard-earned money is being spent once it has been sent home. Majority of OFWs return to the Philippines without any savings, or worse, burdened with debt. Enter GCash.
Finance For All Filipinos, At Home & Abroad
GCash has been a lifeline to over 33 million Filipinos in the Philippines in this time of need. Extending that reach to those abroad will empower our kababayans to be able to directly pay their bills for their family, avail of load top-ups to stay connected with their loved ones, transfer cash instantly for free and even equip themselves with financial services such as Save Money, GInvest and more. “GCash continues to aim to make life easier and more convenient for Filipinos wherever they are,” said Winsley Bangit, Chief Customer Officer for GCash. “We recognize how many families in the Philippines rely on the remittances OFWs send them. With GCash, sending money and paying for household expenses is easier for everyone, anywhere in the world, with just a press of a button.”
Filipino citizens abroad, with an active Philippines roaming mobile number can start by downloading the GCash app from the Play Store or App Store. Then, they will need to create an account and have it verified—needing only a valid Philippines ID and providing their address in the Philippines.
Funding their GCash wallet abroad has never been easier through international partners across the globe. Users may cash in directly to their own wallets through the following partners, AlipayHK (Hong Kong), Remitly (USA, Canada), Singtel Dash (Singapore), SABB (KSA), SBI Remit (Japan), Skrill (UK), PayIt (UAE), Wirebarley (S. Korea), Western Union (Worldwide), MoneyGram (Worldwide) and more. Users will then be able to access GCash’s marketplace of products and services – all from their smartphone. Mynt online infrastructure assures users utmost security in their transactions.
For inquiries on GCash and GCash Overseas, visit www.gcash.com.