Mynt, the operator of GCash, said Thursday it strengthened its partnership with MoneyGram to improve the remittance service in the Philippines.
“With the growing number of overseas Filipino workers looking for a reliable way to send money back home, the collaboration with GCash aligns with our strategy to provide user-friendly, rapid-response and low-cost channels to send money across borders,” MoneyGram chairman and chief executive Alex Homes said.
“The expansion of digital channels combined with a strong network of agent locations, enables MoneyGram to offer a differentiated customer experience that allows consumers to transact with us their way,” Holmes said.
Under the tie-up, funds can be sent via MoneyGram online or at any one of MoneyGram’s thousands of locations in 200 countries and territories around the world to reach a GCash mobile wallet in minutes.
Money will be deposited into the mobile wallet in tPhilippine peso. The receiver will get an SMS notification of every incoming money transfer and will be able to use funds instantly for purchasing goods and services online or paying bills.