The relief program allows Filipinos worldwide to send financial help to relatives and loved ones, and donations to non-government organizations (NGOs) through the GCash app.
For its part, GCash is temporarily waiving selected transaction fees for disaster recovery.
"GCash is empowering Filipinos worldwide to embody the nation’s core value of Bayanihan – the spirit of communal unity, especially in these trying times. Through GCash, Overseas Filipinos can swiftly extend a helping hand to loved ones affected by calamities such as Typhoon Carina or contribute to relief efforts. To foster this sense of solidarity, GCash, through its global partners, are waiving select transaction fees for its users, making it easier and more affordable to cash in, send aid, and support those in need,"
said Paul Albano, GCash International General Manager.
Filipinos from 14 countries with GCash Overseas accounts can directly donate to NGOs like the Red Cross, Ayala Foundation, Save the Children, and more via the app's Bills Pay section without incurring fees.
Aside from this initiative, GCash also enables OFWs to easily access convenient digital financial services and solutions anywhere in the world. In the US, GCash users can cash in for free from their US bank accounts for their first two transactions until July 31. Participating institutions include Bank of America and Wells Fargo.
In Canada, users can cash in via OTT Remit with no fees for their first two transactions when transferring to their GCash Overseas account or sending to a GCash account in the Philippines, potentially saving up to CAD 17.98.
To offer OFWs seamless remittance, GCash adds more global partners including Taptap Send, allowing residents in the Philippines to receive a bonus of up to PHP 1,000. Remitly, another global remittance partner of GCash, offers no transaction fees for transfers from the US and Australia.
OFs in other countries may cash in and remit to GCash via Payoneer, Western Union, Moneygram and other GCash accredited partners.
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.
