Filipino-owned global fintech company, BCRemit, which provides online money remittance service to the Philippines, launched its partnership with GCash, the Philippines’ leading mobile wallet, to enable Filipinos abroad to send funds back home with ease, anytime.
Starting in February, Filipinos in the United Kingdom, Spain, and other European Union countries as well as in the United States could send money straight to GCash accounts in the Philippines securely through the BCRemit app or website. Overseas Filipinos (OFs) could also add cash to their own GCash accounts with ease at any time of day via BCRemit.
From its roots in the UK, BCRemit now serves customers in Spain, the EU, and the US. Since 2015, it has been providing OFs with fast, secure, convenient, and affordable money transfer services through its app, website, and 24/7 call center.
“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. 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,”
said BCRemit Founder Oliver Calma.
“At GCash, we are dedicated to making financial services accessible to all Filipinos, regardless of their location,”
said Paul Albano, General Manager of GCash International.
“This partnership with BCRemit strengthens our ability to offer secure and affordable remittance solutions, enabling OFs to easily support their families back home”.
As GCash’s new international remittance and cash-in partner, BCRemit levels up the convenience its money transfer services provide to customers abroad, which has been growing steadily as the company expands its footprint to reach Filipinos in other territories. BCRemit offers low fees starting at GBP/USD/EUR 2.99. Both new and existing customers also enjoy high exchange rates all the time. As customers can send remittances at any hour, they get access to BCRemit’s 24/7 customer service as well.
To start sending funds in GCash, download the BCRemit app at the Google Play or Apple App Store and sign up. Customers may also create an account at bcremit.com. Fill in the information needed including the beneficiary, then choose GCash as the delivery option when sending money.
To date, GCash has over 5.2 million partner QR merchants and social sellers, while 81% of Filipinos own a GCash account. The popular all-in-one e-wallet allows users to easily top up mobile phone credits, pay bills, send and receive money, purchase from partner merchants, invest the money as well as get access to savings, credit, loans, insurance, and more.
About Mynt
Mynt is the first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.
About GCash
GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.
Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
For more information, please contact:
Bruce Rodriguez, Head of Business Communications
Corporate Communications
Legal Disclaimer & Safe Harbor Statement
This press release is for informational purposes only and does not constitute, or form part of, any offer, solicitation, or invitation to sell, issue, purchase, or subscribe for any securities in the Philippines, the United States, or any other jurisdiction. No securities of Mynt, Inc. have been or will be registered under the U.S. Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offering of the securities of the Company in the United States. No money, securities or other consideration is being solicited by this document or the information contained herein and, if sent in response to this document or the information contained herein, will not be accepted. Any potential initial public offering and listing in the Philippines, if pursued, remain fully subject to prevailing market conditions and regulatory approvals, including the registration requirements of the Philippine Securities and Exchange Commission and the listing rules of the Philippine Stock Exchange, Inc., and there can be no assurance that any such filings will be made or that any offering or listing will be consummated. This document contains forward-looking statements that involve inherent risks and uncertainties; actual results, timelines, and outcomes may differ materially from those projected due to shifting market dynamics, economic environments, and regulatory updates.
