GCash streamlines remittances for Filipinos in the UK, Europe

By Gloria Methri

GCash, the Philippines’ finance super app, has expanded its presence in the United Kingdom and Europe with the new ‘UK/EU Bank Cash In’ feature, which enhances remittance for Filipinos in Europe.

Overseas Filipinos in the UK and Europe can now seamlessly link their international bank accounts to GCash, making it easier to send remittances to the Philippines.

Previously, sending money from the UK and Europe to the Philippines was a complex and time-consuming process, often involving expensive fees and multiple intermediaries. With the new feature, Filipinos can enjoy lower costs and faster transaction times when sending money home, as well as competitive exchange rates and real-time access to funds.

“Many Filipinos have chosen Europe and the United Kingdom as their home. GCash hopes to provide their needs and help them connect with their loved ones, as a trusted digital finance partner made for Filipinos, by Filipinos,” said Paul Albano, GCash International General Manager.

Floris de Kort, CEO of Thunes, added, “We are expanding our collaboration with GCash, a long-standing valued Member of our Direct Global Network, to transform digital wallet top-ups. Through Thunes’ Direct Global Network, we are now delivering an instant top-up service that simplifies cross-border transactions. Our alliance with GCash is a testament to our passion for innovation, the versatility of our proprietary network, and our dedication to financial inclusion through money movement around the world.”

Through its vision of making ‘Finance for All’ a reality for its users around the world, GCash recently became a $5 billion unicorn. Its push for financial inclusion drew investments from Japan’s Mitsubishi UFJ Financial Group (MUFG) and Ayala Corporation in the Philippines.

“At GCash, we prioritise finance for all Filipinos, whether they are in the Philippines or abroad. We know our countrymen in Europe and the UK work hard to provide for their families back home,” said Albano. “We want to make their lives easier by looking for more convenient ways to help them send money back to their families.”