GCash is a mobile wallet, mobile payments, and branchless banking service based in the Philippines. It was introduced in 2004 by Mynt (formerly Globe Fintech Innovations), a joint venture between Ant Group, an affiliate of Alibaba Group and the operator of the world's leading open digital lifestyle platform, Alipay; Ayala Group of Companies, one of the Philippines' largest business conglomerates; and Globe Telecom, one of the Philippines' largest telecommunications companies.
They had 20 million active users and over 63,000 retail partners in the Philippines as of 2019.These figures more than doubled in two years because of the rise of digital payments in the Philippines as a result of the COVID-19 pandemic. With 46 million active users and 2.5 million merchants and sellers as of August 2021, GCash is truly the undisputed mobile wallet king in the Philippines.
From Canada, you can now easily send money to the Philippines directly to a GCash account. With no fees to pay when you send over $500 plus the most competitive CAD to PHP exchange rates, this is definitely the best option for you. Here’s how:
Download the Remitbee App and sign up for an account. It’s free!
Choose “Philippines” as the country you will send a transfer to
Select “To bank account” as the receiving method for your recipient
Enter your recipient’s name, mobile number, email address, and home address
Under the “Bank” options, choose “G-XCHANGE INC. GXI GCASH” then enter the recipient’s GCash number under “Bank account”
Enter the amount you wish to send then the select the purpose of your transfer from the options
Choose your preferred payment method for the remittance and follow the payment instructions
Confirm details and send your money transfer
All Remitbee transfers are usually completed within minutes or up to 1 business day at most. When the recipient receives the transfer, they will be notified through a text message and they can easily access the funds through their GCash app. It’s that simple!
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) regulates Remitbee, which uses 256-bit SSL encryption on all data and transactions to keep your money and personal information safe. Furthermore, if your money is not delivered for any reason, you will be reimbursed in full. Sign up now and start sending fee free to the Philippines!