Remittances (a way of sending money) are a staple of Filipino culture, especially with lots of families depending on the money of their loved ones for sustenance. No matter where you are in the country, you’ll see remittance centers that offer these services from Metro Manila to anywhere in the Philippines, usually with a fee based on a percentage of the total amount to be sent. GCash realized that for these people, every peso counts, and that’s why they made sending and withdrawing money through the GCash ecosystem free.
In a nation-first, the country’s leading mobile wallet provider GCash shakes up the local money remittance scene by innovating a free end-to-end remittance experience for their customers.
GCash users can send money to other users anywhere in the Philippines for free via the GCash App, via the @gcashofficial Messenger official account, or by dialing *143# on their Globe or TM– from Luzon to Mindanao. In turn, the receiver can use their GCash Mastercard to withdraw at over 20,000 BancNet- or Mastercard-supported ATMs nationwide for FREE*, or cash-out PHP 20,000 per transaction on over 10,000 GCash Partner Outlets as well. ATM withdrawal fees from other financial service providers cost as high as PHP 20.00, while traditional remittance centers charge as high as PHP 500.00 for send money transactions around PHP 40,000.
“Pinadalhan ako ng pera ng anak ko pambili ng gamot, dahil sa GCash walang bayad magpadala. No hidden charges, di nabawasan ang pera ko, said Bong Yusingco, a worker located in Quezon City. He was previously receiving his son’s remittances from a brick-and-mortar remittance center, but is now using GCash exclusively.
Justine Concepcion, a private employee in Taguig City, is also utilizing the GCash App for other uses aside from money withdrawals, and said, “Any payment has been easy since I used GCash. I can pay my bills and enjoy my shopping without bringing my wallet! It is very convenient to use the GCash App and I save time! Not only that, I can withdraw money using my GCash Mastercard without getting charged.”
“Sending and withdrawing money through the GCash platform is in line with Mynt’s drive for financial inclusion and enabling the unbanked. Through this, Filipinos can enjoy the services for free anywhere in the country, and ultimately show love to people who matter to them the most,” said Mynt’s President and CEO Anthony Thomas. Mynt is the operating company of GCash.
Getting a GCash account is easy. Just download the GCash App for free from the App Store or from Google Play and sign up for an account. Alternatively, you can look for @gcashofficial on Messenger and sign up.
Customers can get a GCash Mastercard by ordering online to be delivered to their location, or by going to participating Globe Stores with GCash Caravans, for as low as PHP 150.
To fund their GCash account, a user can visit over 16,000 GCash Partner Outlets nationwide, like 7-Eleven, SM Business Centers, Robinsons Business Centers, Puregold branches, and Villarica Pawnshop branches, and tell the cashier to cash-in to their GCash account. Cashing-in to a GCash account is free.
*Customers can avail free withdrawals twice a month