Western Union can now transfer funds to GCash
Western Union and G-Xchange Inc. teamed up to allow consumers to receive Western Union international or domestic money transfers into their registered GCash wallets. Under the agreement, Western Union’s global cross-border platform was integrated with G-Xchange Inc.’s e-commerce platform to enable GCash users to direct money transfers into their GCash wallets from almost anywhere around the world and from within the Philippines.
“We want to offer the best services to Filipinos abroad and their families in the Philippines,” said Anthony Thomas, CEO of Mynt. “We are confident that collaborating with Western Union will provide a reliable and convenient mobile wallet-based money transfer platform for our customers. Two leading companies in their respective sectors having the same vision of helping people and businesses move money can definitely help grow economies and realize a better world”.
GCash is an internationally-acclaimed micro payment service that transforms a mobile phone into a virtual wallet for fast and convenient money transfers as well as to purchase goods, pay bills, buy airtime load, and donate.
“Western Union is delivering on our pledge to expand more digital and physical channels for money transfers to provide choice and more convenience for our customers,” said Bassem Awada, Western Union regional vice president for Malaysia, Indonesia, Singapore, Philippines and Brunei.
To avail of the service, consumers are required to register on the GCash app and provide a valid ID for verification. After registration, consumers can receive Western Union money transfers into their GCash wallets by simply inputting the unique tracking number (MTCN).
Consumers can receive up to US$500 per transaction or US$1,500 per day, up to a maximum GCash wallet capacity of P100,000 or US$2,000.