GCash has partnered with Sendwave to help Overseas
Filipino Workers (OFW) and their families make the most out of their
hard-earned money by offering remittances with zero transaction fees and very
reasonable exchange rates.
Through the Sendwave app, OFWs can securely send
money back home directly to a family member’s GCash app – without the need to
fill out forms, line up, or leave to go to a bank or remittance center.
GCash hopes the partnership can address the needs of OFWs who are often faced with different challenges like homesickness and the stress of managing very tight finances, always worrying if the money they send back home is enough for their families’ day to day needs.
“One of our goals at GCash is to make Filipinos’
everyday lives better, and we are pleased to be working with Sendwave to make
that a reality. OFWs work so hard while being apart from their families, so
partnering with safe and convenient remittance options on the GCash app is one
way to help make their ordeal even just a bit easier,” said Martha Sazon, GCash
President and CEO. “By providing accessible financial services to OFWs and
their Filipino families who live locally, this also brings GCash one step
closer to our mission of financial inclusion for all.”
OFWs may download the Sendwave app for free and
easily send remittances to the GCash wallets of their loved ones in the
Philippines. OFWs just need their recipients’ mobile number and full name
registered on the GCash app. Verified GCash users have an initial wallet limit
of P100,000 which can be increased by improving their GScore with the continued
use of GCash features.
Sendwave is currently available in the USA, Canada,
UK, Spain, Italy, Ireland, Belgium, and France.
“We are very grateful to GCash for spreading our
service to our kababayans around the world. Being in the Philippines, it can be
such a process to get money if you’ll go to in-person locations. Using GCash
and Sendwave is much easier for both our senders and our recipients. You can
send money in minutes,” said Sendwave PH manager Dan Santos. “It has been a
huge favourite of our users – sending to GCash wallets. We think it really is
the future of sending money for OFWs and immigrants.”
Both GCash and Sendwave strive to ensure the safety
and security of the users’ funds. GCash utilizes real-time risk monitoring and
risk-based authentication through face verification, OTP, and security
questions for unusual transactions. GCash also coordinates closely with the
Philippine National Police and implements a strict “Know Your Customer” (KYC)
or customer verification process, as required by the Bangko Sentral ng
Pilipinas. Sendwave is password protected, has two-factor authorization and
256-bit encryption so all your data is encoded as it’s entered in the app.
OFWs are also referred to as the Heroes of the
modern age because of their contribution to the growth of the Philippine
economy. In celebration of National Heroes Day this August, first time senders
from Sendwave to GCash who will use the promo code “HeroGCash” will earn an
additional USD10.00 or around Php500.00 depending on forex, to be credited to
their recipient’s GCash wallet.
The GCash and Sendwave apps are available for free
on the Google Play and App Store.
For more information, visit www.gcash.com.
About GCash
GCash (G-Xchange, Inc.) is
the #1 Finance App in the Philippines. Through the GCash App, 66M registered
users can easily purchase prepaid airtime; pay bills at over 1,600 partner
billers nationwide; send and receive money anywhere in the Philippines, even to
other bank accounts; purchase from over 5.2M 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 is a
wholly-owned subsidiary of Mynt (Globe Fintech Innovations, Inc.), the first
and only duacorn in the Philippines.
GCash was recognized by The Asian Banker (TAB)
and by the IDC in 2021 for its outstanding digital financial inclusion
programs.
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