GCash sets sights on further international expansion
Rolls out services for Filipinos in 16 markets around the globe
MANILA, Philippines, 18 March 2024 – GCash, the Philippines’ leading finance app and largest cashless ecosystem, has announced the availability of GCash Overseas to Filipinos in 16 key markets globally.
With GCash Overseas, Filipinos in the United States, Canada, the United Kingdom, Spain, Italy, Germany, Qatar, Kuwait, Japan, South Korea, Taiwan, Singapore, Hong Kong, and Australia can now download and use the GCash app, whether they have Philippine SIMs or local mobile phone numbers in the countries or territories where they live.
“We recognize the financial needs of over 10 million Filipinos living abroad. With GCash now available beyond the Philippines, we are responding to the needs of global Filipinos in these cashless digital economies, providing them with a safe, secure, and efficient fintech solution to send money back home,” explained Paul Albano, General Manager of GCash International.
The availability of GCash in the 16 key markets worldwide allows overseas Filipinos to: send money to loved ones anytime anywhere; pay bills and be in complete control of where the money is going, including household utilities, tuition, and taxes, among others; and purchase mobile phone load for loved ones to stay connected via chat or video calls.
Beyond enabling Filipinos around the world with a secure platform to transfer money back home, GCash is also offering them other digital financial services, including savings, gifting vouchers, and online payments.
To reach more Overseas Filipino Workers, GCash is teaming up with Ikon Solutions Asia, Inc., a licensed recruitment agency, to ensure OFWs are equipped with much-needed digital financial services through the app.
The Philippine fintech leader has also partnered with global payments platform Alipay+. With Global Pay, GCash is now a viable channel to pay over 3 million Alipay+-enabled merchants in 17 countries and territories around the world, including Japan, South Korea, and Singapore in the Asia-Pacific region; Qatar and United Arab Emirates in the Middle East, Italy, Switzerland, and the United Kingdom in Europe, and in the United States—all with the benefits of low foreign exchange rates and zero service fees. Moreover, the service was recently integrated with the national QRs of Malaysia and South Korea, making scanning to pay even more seamless in these countries.
The company has also partnered with international payments giant Visa, providing GCash users with another cashless payment method outside of the Philippines. The new GCash Visa card offers another payment option anywhere in the world.
“We’ve enabled access to Finance through a service that’s enjoyed currently by 94 million Filipinos, and our international expansion allows us to serve millions more. We’re confident that our innovation and strategic partnerships will allow us to provide seamless financial services to Filipinos anywhere in the world. This is only the first step as we grow our presence internationally,” stated Albano.
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
