Good news for all the Filipinos in Australia, Japan, Italy, and United States! The beta launch of the mobile e-wallet GCash Overseas, which will let Filipinos use international SIM cards to use its services in Australia, Italy, Japan, and next week in the US, has been approved by the Bangko Sentral ng Philippine (BSP).
In case you missed it, in addition to this endeavor, GCash recently joined forces with Alipay+, a worldwide payments platform where in some stores in countries like Japan, South Korea, Singapore, Malaysia, Qatar, the United Kingdom, France, Germany, and Italy, consumers can now pay with GCash.
And now with GCash Overseas, international users can now send and receive money to any GCash account as well as pay bills, buy load, cash in, and transfer to other banks, according to GCash President and CEO Martha Sazon, who made the announcement on Facebook.
According to Sazon, more regions will be supported in the near future and the expansion is really a big collective effort from the GCash team for the Filipino migrants and OFWs around the world. She also said that around 10 million of them who reside abroad will benefit from this new GCash service.
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Sazon added that they continue to make a difference in Filipinos’ lives by making financial services easier and more accessible to the 76 million-strong registered users. As more people put their trust in GCash, they strive to remove more barriers and create a better experience for all.
Prior to the launch of GCash Overseas, individuals with non-Philippine SIM cards could only transfer money to a GCash account using an international remittance partner, either a physical stores like Western Union or Moneygram or a digital one like AliPayHK. Another method for linking to a GCash account is using the money transfer provider Payoneer. The goal of GCash Overseas is to make using the app for foreign money transfers more similar to domestic usage.
How to use the GCash Overseas?
International users must register their account with a Philippine passport or any other valid Philippine ID in order to use the app.
Also, according to Globe, users should make sure that their mobile number is active and can receive OTPs.
Only the first 1,000 users from Japan, Australia, and Italy can access GCash Overseas with an international SIM card during the beta launch. The GCash app allows Filipinos living abroad, regardless of their SIM card, to sign up and support their relatives by sending money for free (GCash-to-GCash), paying bills on time, and instantaneously purchasing load credits for them with just a few clicks. This year should see the full rollout of the app.
Hence, Send Money, Purchase Load, and Pay Bills are just a few of the many easily available financial services and products that GCash provides its users. Users can also use GSave, GInsure, and GInvest to explore other cutting-edge financial services and get a head start on achieving their financial objectives.
Source: PhilStar Life