MoneyGram and GCash Mobile Wallet Partnership in the Philippines

“With the growing number of Overseas Filipino Workers (OFWs) looking for a reliable way to send money back home, the collaboration with GCash aligns with our strategy to provide user-friendly, rapid-response and low-cost channels to send money across borders. The expansion of digital channels combined with a strong network of agent locations enables MoneyGram to offer a differentiated customer experience that allows consumers to transact with us their way.” ~Alex Holmes, MoneyGram’s Chairman and Chief Executive Officer

The collaboration of new technologies and amid money transfers convenient and best expensive this has been in response to the customers need for compelling only chance services that would allow us to transact anyway and anywhere they want. Now brands like GCash and also MoneyGram are enhancing the compliance processes and systems to provide the customers with the best experience and the highest standard for the MoneyGram and GCash. Now there's a lot of compliance processes now that allow security to the customers both the recipient and senders so that's an amazing great news. And in the Philippines OFW and their families have a lot to celebrate as the largest partner of MoneyGrams customer group they have just been offered additional services a new direct send via GCash app recipients now will be able to receive money directly out heir mobile wallet and use funds immediately.

After the successful launch of direct receive service, MoneyGram (NASDAQ: MGI) and GCash announced today that customers worldwide can now also send money to over 10 million GCash mobile wallets in the Philippines, 24/7. This partnership supports further growth of MoneyGram’s digital channels in the world’s third-largest remittances receive market.

Funds can be sent via MoneyGram online or at any one of MoneyGram’s thousands of locations in 200 countries and territories around the world to reach a GCash mobile wallet in minutes. Money will be deposited into the mobile wallet in the Philippine Peso. The receiver will get an SMS notification of every incoming money transfer and will be able to use funds instantly for purchasing goods and services online or paying bills.

“We are delighted to partner with MoneyGram once more to improve the way remittances are processed in the Philippines. GCash is committed to making the experience of sending money more convenient for both the sender and receiver. The OFWs and their families are a big segment of the remittance business as well as a key contributor to the country’s economy. We need to do more for them and we think this partnership with MoneyGram leads us in that direction.” ~Anthony Thomas, President, and CEO of Mynt, the operator of GCash

The launch of the new service was followed by a presentation of an OFW Family Card which allows customers to withdraw their money for free twice a month at any BancNet ATM in the Philippines. The OFW Family Card will be awarded to each registered and verified GCash user who receives a minimum of PHP 500.00 via MoneyGram between September 15 and December 30.

For more information about the service, please visit moneygram.ph.

About MoneyGram International

MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select markets. More information about MoneyGram International, Inc. is available at moneygram.com.

About GCash

GCash is an internationally-acclaimed micropayment service that transforms the mobile phone into a virtual wallet for secure, fast, and convenient money transfer. GCash can be used to buy prepaid load, pay bills, send money, make donations, shop online, and even purchase goods without the need to bring any cash. For more information, please visit https://www.globe.com.ph/gcash

About Mynt

Mynt is a partnership between Globe Telecom, the Ayala Corporation, and Ant Financial, that provides innovative and first-in-world fintech solutions to consumers, merchants, and organizations. Its vision is to enable financial access for consumers and merchants by disrupting traditional channels through digital financial technology services. It operates two fintech companies: GCash, a micropayment service that transforms the mobile phone into a virtual wallet for secure, fast, and convenient money transfer, and Fuse, a tech-based lending company that enables Filipinos to get microloans to business loans without the traditional requirements set by banks and other lending institutions. For more information, visit mynt.xyz.