GCash enables affordable and easy remittances for Filipinos through Xendit partnership

by dotdailydose October 16, 2024, 6:29 PM 119 Views 144 Comments

(L-R) GCash International head of sales and APAC Paolo Real, general manager Paul Albano, Xendit co-founder and chief technology officer and country general manager Christian Reyes

GCash, the Philippines’ leading finance super app and largest cashless ecosystem, recently launched its strategic partnership with Xendit, a leading payment gateway in the Asia Pacific region—a collaboration that is expected to streamline cross-border remittances, making it easier and more convenient for Overseas Filipinos to send money home.

Xendit’s extensive payment infrastructure is designed to enable key remittance players in the APAC region to facilitate transactions to GCash users whether they are in the Philippines via international remittance or overseas, in the 16 markets where GCash is currently live for international mobile numbers.

“Our partnership with GCash is a significant milestone in our mission to transform digital payments and drive financial inclusion across the APAC region,” says Christian Reyes, country general manager of Xendit Philippines. “By leveraging Xendit’s robust payment infrastructure, we’re enabling seamless and secure remittance transactions for GCash users, both domestically and internationally. This collaboration not only enhances cross-border remittances for millions of Filipinos but also strengthens our position as leaders in the fintech ecosystem, fostering greater financial inclusion and expanding our reach in the region.”

With this partnership, Filipinos can expect to enjoy faster and more efficient remittances. Users can now send money to GCash accounts with minimal processing time and fees. The partnership also leverages the widespread reach of both Xendit and GCash, making it easier and more convenient for users to send and receive money. Moreover, by providing a more accessible and affordable remittance solution, the partnership contributes to the country’s financial inclusion journey and the economic empowerment of Filipinos.

“At GCash, we prioritize finance for all Filipinos whether they are in the Philippines or abroad,” says Paul Albano, GCash International general manager. “With our partnership with Xendit, and our robust ecosystem of financial products embedded in our app,we make it easier for Filipinos to remit and connect back home.”