More Filipinos around the world can now use GCash, the Philippines’ top finance app, with features and functionalities specifically catered to the needs of our countrymen living overseas. Under GCash International, Filipinos in 14 territories—the US, Canada, Italy, the UK, Australia, Japan, the United Arab Emirates, Qatar, South Korea, Taiwan, Hong Kong, Spain, Germany, and Singapore—can use international mobile numbers to sign up for and use the GCash app. The next half of 2024 will see Kuwait and Saudi Arabia follow suit.
GCash reiterated its pledge to support Filipinos abroad in creating a brighter future for themselves and their families when the company took part in this year’s National Migrant Workers’ Day commemoration at the Department of Migrant Workers.
GCash International General Manager Paul Albano said of the global expansion,
“Through strong, active partnerships and our long-held commitment to Filipinos, wherever they are in the world, GCash International is able to foster trust and convenience among our hardworking OFWs and the people who matter the most to them.”
GCash’s expansion is in service to about two million overseas Filipino workers—more of whom can be confident that they can safely and instantly send money to their families. GCash's partnerships with over 70 accredited remittance companies globally—including Western Union, Remitly, Moneygram, and Ria—enable free and real-time in-app money transfers between accounts, thus avoiding the inconvenience and uncertainty of long-distance money orders.
GCash International has further widened its network for ease of access. Through GCash's partnership with instant payments technology company Meridian Payments, US-based app users can now transfer funds directly to GCash accounts from 12,000 US banks. GCash automatically converts US dollars into Philippine pesos upon cash-in, offering competitive ForEx rates along with a nominal transaction fee of $1.
GCash’s global expansion also aims to empower Filipinos overseas to take full control over their finances through multiple in-app services. Users overseas can buy load for their loved ones back home, and they can now directly pay their bills—including government payables like taxes and contributions, as well as utility and tuition fees—to over 1,900 Philippine billers. Soon, through the GSave feature, Filipinos abroad can also build their savings conveniently through the app.
Albano shares,
“Financial inclusion is at the core of what we do at GCash. As we expand our financial services globally through GCash International, we are empowering millions of Filipinos to secure their financial freedom. Just as importantly, we are helping Filipinos all over the world stay connected with their loved ones back home.”
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.
