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Pinabilis, Pinamura and Pinadali! A New Take On Local Remittances With The Help Of GCash Padala

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Empowering more Filipinos With Accessible Finance Services, Now Available To Even Non-GCash Users Across The Country

Leading mobile wallet and digital payment solutions provider GCash is extending a new remittance service feature to its more than 40 million active consumers, which will also be accessible to all non-app users. 

The new feature called ‘GCash Padala’ is a more affordable, faster, and easier way which allows Filipinos without any e-wallet account to receive money in real time anywhere in the Philippines via the GCash app. It allows you to save time and money from physically going to a remittance center to send money to your loved ones away from home, because now you can do it straight from your phone. For your family members, they can now also claim their padala faster because they receive their money almost instantly, in as fast as 1-minute, through the app itself, free of charge. It boasts one of the lowest remittance rates versus its competition, charging up to as low as a 1% remittance fee.  The remittance experience is easier too, allowing users to send to non GCash users and only requiring receivers to showcase 1 Valid ID to claim transactions through its 2,000 partners nationwide. 

GCash Chief Customer Officer, Winsley Bangit, said the new feature will benefit not only the growing regular customers of GCash, but also those who remain reluctant of getting into the financial technology (fintech) market. “GCash Padala is one way of making our services available to those who have not yet downloaded the GCash app. Pinabilis, Pinamura, at Pinadali. Our reasonable fees for processing remittances through GCash Padala can hopefully help us stay competitive in the financial services market,” Bangit said. 

To access the service, the sender logs into the GCash app, selects “Send Money,” and taps the “GCash Padala” option. A user interface pops up next where the sender will key in the intended recipient’s full name, mobile number, and the amount of money to be sent. Afterwards, the sender has to confirm the transaction and pay for it using existing funds from his GCash account to send the money successfully. A notification with reference number of the transaction, and other detailed information, will be sent via text message to both the sender and the recipient in real-time as soon as the process has been completed. 

GCash has partnered with outlets such as Posible, Go VIP, Tambunting and Panalo Express centers, among others—including local sari-sari stores—to serve as authorized “pera outlets” in rolling out its remittance services to the public. Service fees for GCash remittances go as low as 1% for a minimum remittance amount of 500 php, this is cheaper compared to banks and other money transfer outlets providing similar services in the market. 

Bangit ensures GCash services remain safe and easy to use for all types of cashless digital transactions under Bangko Sentral ng Pilipinas (BSP) regulations. With GCash Padala, the company aims to secure its position as the number one e-wallet and mobile financial services provider in the Philippines.

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According to a 2019 Financial Inclusion Survey by the BSP, around 27 million Filipinos are sending domestic remittances; 1.4 million of whom are using GCash for these transactions, based on a separate survey conducted by the GCash team. 

The fintech industry has enjoyed exponential growth over the years, especially during the height of the COVID-19 pandemic in 2020, as more customers preferred to pay for products and services made online—and sometimes even offline—through their mobile wallets. GCash wants to capitalize on this momentum. It plans to further sustain consumer engagements with its products by leveraging on celebrity influence through video stunts, maximizing digital advertising, trade merchandise and caravan visits. 

Bringing GCash Padala outlets down to the barangay level through neighborhood sari-sari store owners enables more customers to avoid the hassle of taking a day off and going so far just to send and receive remittances. “With GCash, anyone can not only send and receive money, but also buy autoload and pay their bills online. You can transmit and take out cash anytime through your neighborhood sari-sari store owner who has a GCash application on his or her smartphone,” Bangit adds. 

Sari-sari store sellers may earn up to P10,000 a month for participating as GCash ‘pera outlets.’ GCash has already been offering free cash-in services to its authorized agents nationwide for amounts of P8,000 and more. 

GCash is owned and operated by Mynt, formerly Globe Fintech Innovations, Inc., and a subsidiary of Globe Telecom, Inc. Last year, it exceeded its targets with transaction values hitting over P1-trillion. It recorded a P7.5-billion daily gross transaction value in 2020 with more than six million transactions per day, including cash-ins, payments, banking, and money transfers, among others. 

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For more information about this product, as well as details on existing GCash padala partners, consumers can visit the following links: 

GCash Link: https://go.gcash.com/padala
GCash Website: https://www.gcash.com/services/padala
GCash List of Partners: https://www.gcash.com/partners/padala 

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GCash, Sakahon Empower Agricultural Sector Through Affordable, Convenient Loans for Farmers in Floridablanca, Pampanga

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With its clear vision to promote financial inclusion and digital adoption for all Filipinos, GCash, the country’s leading mobile wallet, has launched a pilot Farmer Loan initiative which aims to empower and improve the financial literacy and capabilities of the agricultural community in Floridablanca, Pampanga.

The launch was done in collaboration with Sakahon, an award-winning agritech  social enterprise that enables farmers to analyze and use data to know what the market needs ahead of time.

GCash, Sakahon Empower Agricultural Sector Through Affordable, Convenient Loans for Farmers in Floridablanca, Pampanga

GCash assisted over 30 partner farmers in creating their own accounts to allow them to avail of quick and easy cash loans offered by GCash’s credit affiliate, Fuse Lending. Likewise, the farmers were introduced to other GCash services like Send Money, Pay QR, as well as savings and investment solutions.

Nanay Gemma is among the first Filipino farmers who will benefit from these digitally inclusive loans. She said in Filipino, “this program of GCash will enable us to transact faster. We don’t need many documents and no more long lines. We are grateful for this opportunity so that we are better connected to the market and to the digital world.”

Through this initiative, farmers can easily avail of additional capital for their crops through GLoan; save money and enjoy interest rates as high as 7.2% per annum through GSave; grow their money by investing in a market fund with GInvest; and protect themselves and their families by getting insured through GInsure.

GCash, Sakahon Empower Agricultural Sector Through Affordable, Convenient Loans for Farmers in Floridablanca, Pampanga

“Thanks to our partnership with Sakahon, we’re making sure every Filipino, especially our farmers, have access to affordable and safe loans, helping improve their livelihood and the lives of their families,” said Tony Isidro, CEO of Fuse Lending. “As the Philippines grapple with food security issues, it’s now more important than ever to support our farmers and empower them with innovative digital financial solutions.”

Elaine Timbol, CEO of Sakahon also highlighted, “GCash has been instrumental in bridging the gap between farmers and more affordable formal loans. Through this program, we hope to have a meaningful and lasting impact on the lives of our farmers, as we help them secure their financial future. Through financial literacy programs and bringing formal financial services closer to farmers, not only will their families benefit, but also the Philippine economy, which has been suffering from a stagnant agricultural sector.”

With over 71 million registered users to date, GCash has been tirelessly working to democratize access to important financial services like formal lending through GLoan, GGives, and GCredit.

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#GCash #GrabPhilippines Join Forces for More convenient Direct Cashless payment Option

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Grab users can use GCash to pay for the leading superapp’s services by February

Paying for your ride and food orders will soon be easier and hassle-free as the country’s leading mobile wallet GCash partners with Grab Philippines, the country’s leader in transportation and deliveries.

The landmark partnership will give Grab users access to the easiest, most convenient, and secure cashless transactions when they add GCash as a direct payment method on the Grab app. GCash will be officially available as a mode of payment on the Grab platform by February.

Through this partnership, users can simply choose GCash as their payment method, and pay cashless for GrabCar, GrabFood, GrabMart, GrabExpress and other Grab services with just a few taps on their smartphones. Moreover, this partnership enables users to avoid transfer fees which go as high as Php 50.

“With this partnership, we once again realize our commitment to make the lives of Filipinos better each day by delivering a  more convenient, secure, and cost-efficient way to pay for their rides and food and grocery deliveries. We look forward to this partnership and we will continuously innovate and build more

To make their cashless transactions more convenient and rewarding, customers of Grab also get to avail of GCash exclusive deals, and get special treats when they pay for their transactions using GCash.

Grab GCash Payment Option Philippines

GCash and Grab mark their milestone partnership with GCash available as a direct payment option in the Grab app by February. (L-R) GCash Chief Marketing Officer Neil Trinidad, GCash Head of Commercial Sales and Operations Luigi Reyes, GCash Chief Commercial Officer Ren-Ren Reyes, GrabFin Philippines President Martha Elaine Borja, Head of GrabPay Philippines Cris Alcaraz, and Grab Philippines Country Marketing Head Justine Anne Aruta

Country Head of Grab Philippines Grace Vera Cruz shared, “Grab Philippines is dedicated to empowering our stakeholders in a digital-first economy, and key to this is driving a deeper and wider cashless adoption in the country. With more Filipinos transacting via cashless means, we are accelerating our prospects of digital transformation. We look forward to collaborating with like-minded partners such as GCash on this agenda, and we are optimistic that through this partnership, we can improve the lives and livelihoods of many of our kababayans, while building a cashless, digital-first economy for all Filipinos.”

Grab is Southeast Asia’s leading superapp for ride hailing, food delivery, and on-demand grocery delivery. It touts strong foothold in markets like the Philippines, Thailand, Singapore, Malaysia, Indonesia, and Vietnam. Prior to this development, GCash and Grab have already established a strategic collaboration. Their initial partnership has provided Filipinos safe, seamless, and secure digital experience by allowing users to transfer money from their GCash wallet to their GrabPay wallet, and vice-versa.

Building on GCash and Grab’s shared mission of addressing Filipinos’ daily needs, this partnership also helps in creating a more cash-lite and digitally driven economy.

As part of its vision of achieving “Finance for All”, GCash will continue to innovate and establish partnerships to offer affordable, convenient and safe services – making Filipino lives better every day and beyond, in the new normal.

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#GCash Beefs up User Protection with Certification from Int’l Data Security Standards Firm

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The leading mobile wallet is now Payment Card Industry Data Security Standard certified

GCash, the country’s leading mobile wallet, recently achieved a compliance certification from the Payment Card Industry Data Security Standard (PCI-DSS), assuring every Filipino of the e-wallet’s commitment to the highest  quality standards on data security.

PCI-DSS is a standard that is being administered by the Payment Card Industry Security Standards Council (PCI-SSC) which includes  top global credit card brands such as MasterCard, Visa, American Express, JCB International, and Discover Financial Services

#GCash Beefs up User Protection with Certification from Int'l Data Security Standards Firm

GCash receives PCI-DSS certification from ControlCase, Inc (L-R) GCash Chief Information Security Officer Mark Frogoso, GCash Chief Commercial Officer Ren-Ren Reyes, GCash Chief Technology and Operations Officer Pebbles Sy, ControlCase President Suresh Dadlani, ControlCase Head of Business Development Michelle Mascardo, GCash Head of Customer Experience Management Joanne Avendano, GCash Head of Wealth Management Jong Layug, and GCash Chief People Officer Robert Gonzales.

The standard ensures that all companies which accept, process, store, or transmit credit/debit cardholder information maintain a secure environment to protect customers. Compliance is validated annually by an external Qualified Security Assessor (QSA) such as ControlCase Inc., a global provider of certification, cybersecurity, and continuous compliance services, which also conducted the assessment of GCash.

“This certification is a testament to our commitment of adhering to only the highest standards in safety and security. This is proof that, at GCash, we take data privacy and cybersecurity very seriously, as it is one of our key pillars in ensuring our customers have the best experience when they use our services. GCash will continue to pursue more global industry best practices to better serve our 71 million customers,” GCash President and CEO Martha Sazon said.

#GCash Beefs up User Protection with Certification from Int'l Data Security Standards Firm

GCash CEO Martha Sazon with ControlCase President Suresh Dadlani (L-R) GCash Head of Customer Experience Management Joanne Avendano, ControlCase Head of Business Development Michelle Mascardo, ControlCase President Suresh Dadlani, GCash President and CEO Martha Sazon, and GCash Chief Technology and Operations Officer Pebbles Sy

The formal awarding ceremony was held at the GCash headquarters. It was attended by key officials of the company as well executives from Globe Group, the parent firm of Mynt which operates GCash.

The ceremony was also graced by ControlCase president Suresh Dadlani and its head of business development Michelle Mascardo. Also present at the event were project team members from GCash’s Information Security Group, Technology and Operations, along with other business support teams.

As it continues to expand its services and reach more unserved individuals, GCash remains steadfast in boosting the app’s safeguards while continuously strengthening its sense of accountability, ethics, and compliance to further improve customer’s experience and provide them safe, secure, and more convenient digital financial solutions.

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