Overseas Filipino Workers can soon download and use GCash using their local mobile phone numbers in the countries or territories where they live and work as the country’s leading finance super app is set to be available in 10 more key markets globally in the next two to three months.
During t the Singapore FinTech Festival 2024, Paul Albano, general manager for GCash International, said GCash would soon be available in 10 more countries in the Middle East, Asia-Pacific and Europe.
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To date, GCash is already available in 16 countries, namely the United States, Italy, the United Kingdom, Australia, Japan, Spain, the United Arab Emirates, South Korea, Taiwan, Germany, Hong Kong, Qatar, Kuwait, Singapore and Saudi Arabia.
The availability of GCash in strategic markets worldwide allows overseas Filipinos to send money to loved ones anytime, anywhere; pay bills including household utilities, tuition and taxes, among others; save money, invest in stocks and purchase mobile load for loved ones back home.
To encourage more overseas Filipinos to save, GCash is also expanding GSave to international mobile numbers in partnership with digital-only commercial bank CIMB Bank.
GSave makes saving easier for Filipinos overseas by offering a wide range of benefits, including a competitive interest rates, which allows them to earn an interest rate of up to 25 percent per year.
Understanding the challenges faced by Filipino heroes abroad, the launch of GSave on GCash Overseas strengthens the company’s commitment to their financial health and wellness. With GSave, they can save for unexpected emergencies or even their dream of returning home with a secure financial cushion,
GCash is the Philippines’ only double unicorn with a valuation of $5 billion. Its parent firm, Mynt, recorded P6.7 billion in net income in 2023.
The Singapore FinTech Festival is one of the largest fintech gatherings globally. It aims to bridge connections between leading industry players, regional trade visitors, innovators and startups to catalyse growth for the fintech ecosystem. The fintech festival is organized by the Monetary Authority of Singapore, Elevandi and Constellar in collaboration with the Association of Banks in Singapore.
With additional report: The Philippine Daily Inquirer, Tyrone Jasper C. Piad
