Roxe partners with GCash, a Filipino mobile wallet app

By Leandra Monteiro

Roxe, a blockchain infrastructure company powering the next generation of payments and digital commerce solutions, announced its partnership with G-Xchange, Inc. (GCash), a mobile wallet in the Philippines. Now, Roxe’s partners can utilize the Roxe blockchain network to disburse cross-border remittances and offer swift and affordable transactions to GCash users living in the Philippines.

The partnership connects GCash to Roxe’s blockchain-based payment network, where users from around the world can send funds to GCash’s customers. By partnering with GCash, Roxe will provide a better mid-market exchange rate to remittance senders compared with other cross-border remittance services. Unlike most others, where the foreign exchange (FX) is provided by a bank or FX broker, Roxe offers its sending partners the ability to use the superior FX rate from the Roxe Payment Protocol (RPP) USD/PHP liquidity pool.

“GCash is committed to utilizing emerging technology to offer the best user experience for our customers,” said Martha Sazon, GCash President and CEO. “Through Roxe’s blockchain-based services our users’ family members globally that are looking to send funds to family or friends in the Philippines can get better FX rates and lower fees, which are big wins for the remittance market.”

“By leveraging the power of blockchain, we are able to give GCash users and Philippine citizens an efficient financial solution for cross-border payments,” said Maodong Xu, visionary inventor and President of Roxe. “Roxe is bringing the global payments community together and providing GCash with the assets needed to offer swift and affordable transactions to its end-users.”

Roxe’s partnership with GCash marks the first step in advancing Roxe’s vision to connect all mobile wallets and unify the global financial market. Roxe has added over 40 partners in the past few months, including ECS Fin, Axletree Solutions, N2Xpress, Fairexpay, Rana Express, iPay, and Treviso. The GCash and aforementioned partnerships come at the forefront of the company’s preparation to go public by the end of 2022.