GCash, the Philippines’ leading finance app and largest cashless ecosystem, teamed up with Ria Money Transfer, one of the world’s largest cross-border money transfer platforms, to make sending money home easier and more affordable for Filipinos worldwide.
The partnership enables Filipinos in the United States, Australia, Singapore and Europe to seamlessly remit funds directly to their loved ones’ GCash wallets, even without a dedicated GCash Overseas account.
The collaboration with Ria, which has an extensive network of 507,000 locations in 160 countries, is part of GCash active push to expand overseas through partnerships with global remittance partners.
“We’re continuing to strengthen partnerships around key corridors so we can help Filipinos wherever they may be. We are also strengthening our presence in Ria money transfer stores all over the world as a sign of our commitment to grow with Ria,” GCash International general manager Paul Albano said.
“We look forward to working closely with GCash to connect families and friends across the globe,” said Steve Peregrino, regional director of business development at Ria Money Transfer.
“Our shared vision is to bridge connections among Filipinos worldwide and facilitate seamless financial transactions,” he said.
GCash’s push towards overseas expansion also seeks to boost Philippine remittances, which contributed 8.5 percent to the gross domestic product in 2023, according to data from the Bangko Sentral ng Pilipinas.
“With a stronger economy through remittances, we empower both Filipinos here and abroad. This is in line with our commitment towards finance for all–making it easier for Filipinos, wherever they may be, to access financial services conveniently,” Albano said.
“This is part of GCash’s push to help Filipinos thrive every day, prepare for rainy days, and prepare for that ‘one day’ of their dreams–wherever they may be in the globe or wherever their loved ones are,” he said.
