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 parent company of GCash, the #1 Finance Super App in the Philippines. It’s the first and only fintech company listed on the Philippine Stock Exchange under the “GCASH” ticker symbol. Through GCash, Mynt advances its vision of 'Finance for All' by making financial services more accessible to Filipinos. Mynt operates a portfolio of companies, including G-Xchange, Inc., the payments company responsible for the digital payments and electronic money activities in the GCash app, and Fuse Financing, Inc., the financing company for GCash that provides fair and digitally-enabled credit products and solutions.
Mynt, through its fintech operations, is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly focusing on safety & security, financial inclusion, diversity, equity, and inclusion, as well as taking urgent action to combat climate change and its impacts.
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
