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Thunes & GCash team up to launch cross-border digital wallet solution

By Gloria Mathias

November 07, 2024

  • Alipay
  • APAC
  • APAC news
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GCash, FinTech, Globe Telecom, Mynt, Globe FinTech Innovations, ASP Philippines, Philippines, Payments, Alipay+, Card Transactions, Philippines Fintech, APAC News, Lazada Philippines, Loans, Thunes, Singapore, Digital Wallet Solutions,Thunes, the Smart Superhighway to move money around the world, has announced a new collaboration with GCash, the digital wallet in the Philippines.

This initiative enables GCash users to top up their wallet balances directly within the app using funds from their UK and European bank accounts. This collaboration makes cross-border top-ups real-time and more cost-efficient, offering GCash users in Europe more convenience and financial control.

About 2 million Filipino expatriates live and work in Europe and maintain ties to the Philippines. Those who own a GCash digital wallet can now better support their relatives back home by topping up their wallets instantly and by ensuring that the money is used as intended, whether for education, healthcare, or household expenses. This initiative highlights the importance that Thunes and GCash place on financial inclusion and community empowerment by helping people improve financial oversight and spending management.

As a Member of Thunes’ proprietary Direct Global Network, leveraging its SmartX Treasury System and Fortress Compliance Platform, GCash enjoys unrivalled speed, control, visibility, protection, and cost efficiencies for their customers’ cross-border account top-ups within their GCash account.

Paul Albano, General Manager of GCash International, said, “We are delighted to be a member of Thunes’ Direct Global Network to enable GCash users to top up their accounts instantly from their overseas bank accounts. This service will support hundreds of thousands of Filipinos in the U.K. and Europe by improving how they move money across borders into their digital wallets with better control over their finances. In this way, Filipinos living abroad can better utilise GCash to maintain ties with their home communities.”

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.”

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