Skip to main content

Pinabilis, Pinamura and Pinadali! A New Take On Local Remittances With The Help Of GCash Padala

 

Empowering more Filipinos With Accessible Finance Services, Now Available To Even Non-GCash Users Across The Country

 

Leading mobile wallet and digital payment solutions provider GCash is extending a new remittance service feature to its more than 40 million active consumers, which will also be accessible to all non-app users.

The new feature called ‘GCash Padala’ is a more affordable, faster, and easier way which allows Filipinos without any e-wallet account to receive money in real time anywhere in the Philippines via the GCash app. It allows you to save time and money from physically going to a remittance center to send money to your loved ones away from home, because now you can do it straight from your phone.


For your family members, they can now also claim their padala faster because they receive their money almost instantly, in as fast as 1-minute, through the app itself, free of charge. It boasts one of the lowest remittance rates versus its competition, charging up to as low as a 1% remittance fee.  The remittance experience is easier too, allowing users to send to non GCash users and only requiring receivers to showcase 1 Valid ID to claim transactions through its 2,000 partners nationwide.

GCash Chief Customer Officer, Winsley Bangit, said the new feature will benefit not only the growing regular customers of GCash, but also those who remain reluctant of getting into the financial technology (fintech) market. “GCash Padala is one way of making our services available to those who have not yet downloaded the GCash app. Pinabilis, Pinamura, at Pinadali. Our reasonable fees for processing remittances through GCash Padala can hopefully help us stay competitive in the financial services market,” Bangit said.

To access the service, the sender logs into the GCash app, selects “Send Money,” and taps the “GCash Padala” option. A user interface pops up next where the sender will key in the intended recipient’s full name, mobile number, and the amount of money to be sent. Afterwards, the sender has to confirm the transaction and pay for it using existing funds from his GCash account to send the money successfully. A notification with reference number of the transaction, and other detailed information, will be sent via text message to both the sender and the recipient in real-time as soon as the process has been completed.

GCash has partnered with outlets such as Posible, Go VIP, Tambunting and Panalo Express centers, among others—including local sari-sari stores—to serve as authorized “pera outlets” in rolling out its remittance services to the public. Service fees for GCash remittances go as low as 1% for a minimum remittance amount of 500 php, this is cheaper compared to banks and other money transfer outlets providing similar services in the market.

Bangit ensures GCash services remain safe and easy to use for all types of cashless digital transactions under Bangko Sentral ng Pilipinas (BSP) regulations. With GCash Padala, the company aims to secure its position as the number one e-wallet and mobile financial services provider in the Philippines.

According to a 2019 Financial Inclusion Survey by the BSP, around 27 million Filipinos are sending domestic remittances; 1.4 million of whom are using GCash for these transactions, based on a separate survey conducted by the GCash team.

The fintech industry has enjoyed exponential growth over the years, especially during the height of the COVID-19 pandemic in 2020, as more customers preferred to pay for products and services made online—and sometimes even offline—through their mobile wallets. GCash wants to capitalize on this momentum. It plans to further sustain consumer engagements with its products by leveraging on celebrity influence through video stunts, maximizing digital advertising, trade merchandise and caravan visits.

Bringing GCash Padala outlets down to the barangay level through neighborhood sari-sari store owners enables more customers to avoid the hassle of taking a day off and going so far just to send and receive remittances. “With GCash, anyone can not only send and receive money, but also buy autoload and pay their bills online. You can transmit and take out cash anytime through your neighborhood sari-sari store owner who has a GCash application on his or her smartphone,” Bangit adds.

Sari-sari store sellers may earn up to P10,000 a month for participating as GCash ‘pera outlets.’ GCash has already been offering free cash-in services to its authorized agents nationwide for amounts of P8,000 and more.

GCash is owned and operated by Mynt, formerly Globe Fintech Innovations, Inc., and a subsidiary of Globe Telecom, Inc. Last year, it exceeded its targets with transaction values hitting over P1-trillion. It recorded a P7.5-billion daily gross transaction value in 2020 with more than six million transactions per day, including cash-ins, payments, banking, and money transfers, among others.

For more information about this product, as well as details on existing GCash padala partners, consumers can visit the following links:

GCash List of Partners: https://www.gcash.com/partners/padala

Comments

Check out more...

#Gcash users can now go cashless on their next Euro trip thanks to Alipay+ partnership

GCash users can now opt for a hassle-free, cashless payment method on their next Euro trip as the Philippines’ leading mobile wallet is now accepted in Europe’s top travel destinations, including the United Kingdom, France, Germany, and Italy. This cross-border payment service is part of the e-wallet’s strengthened collaboration and partnership with Alipay+ to offer a seamless and secure payment experience, as well as real-time foreign exchange (forex) with no service fee, allowing customers to a hassle-free and rewarding travel experience abroad. Among the key merchants and stores that can accept GCash via Alipay+ are Harrods, Liberty London, and Harvey Nichols in the UK; Printemps in France; Müller and dm-drogerie markt in Germany; as well as itTaxi, and IVS Group, the leader in the vending machines market, in Italy. “In line with our fervent commitment to make our customers’ everyday lives better and more convenient, we want to make sure that they can maximize their GCash account no

DICT, GeeksPH bolsters PH startup scene with 6th Geeks on a Beach in Panglao

The Department of Information and Communications Technology (DICT) and GeeksPH announced the revival of Geeks on a Beach (GOAB) after a four-year break and is set to happen in Panglao, Bohol on November 23-24, during the Philippine Startup Week 2023. The two-day international conference, known for leveraging Philippine tourism and ICT Industry expertise, will gather hundreds of entrepreneurs, investors, innovators, and globally-acclaimed startup ecosystem players to showcase the country’s startup achievements in both local and international scenes. GOAB 2023 will offer plenary sessions exploring potential investment opportunities and breakout sessions that will focus on sector-specific topics like Fintech, EduTech, HealthTech, AgriTech, and ClimateTech and other category-specific themes centered around youth and women. The event will also feature emerging technologies discussion, pitching fest, business matching, investors’ roundtable, and exhibits from various stakeholders. To cap off

GCash cautions against gambling apps used for phishing

A recent investigation by the National Privacy Commission (NPC) and the leading mobile wallet GCash, has led to the discovery of certain gambling sites and apps which were used for account takeovers in the recent surge of phishing scams. Additionally, some influencers may have unknowingly promoted these gaming apps without being aware of their fraudulent nature. GCash is now cautioning its users to be extremely careful when accessing online gambling sites and apps, and to avoid them altogether if possible. In this latest scheme, perpetrators created gambling apps while falsely claiming to be accredited by the Philippine Amusement and Gaming Corporation (PAGCOR). These apps deceive users with a verification process, redirecting them to a fake GCash website or payment page to top up betting credits. From there, fraudsters were able to access sensitive information such as credit card details, passwords, GCash numbers, MPINs, OTPs, and other personal data that can be exploited to gain unau

Celebrate the Mid-Year with realme's 6.6 Mega Sale

Enjoy huge discounts among freebies, vouchers, bundle deals as  realme joins Shopee and Lazada 6.6 Sale Events! realme Philippines will host a mid-year 6.6 sale on Shopee and Lazada, giving away vouchers and freebies besides the irresistible discounts for everyone. The realme 6.6 Mega Sale is the perfect excuse for an upgrade or to reward oneself after a buzzing first half of the year!   From June 6-8, realme will be offering up to 59% OFF during the Shopee 6.6 Mid-Year Sale on the realme C-Series and realme 10 (8GB+128GB). Every purchase of select smartphones will also come with a FREE Globe SIM card. Meanwhile, everyone who will avail the realme 10 Pro+ 5G (12GB+256GB) will be getting a FREE TechLife Power Bank 100000mAh along with a FREE TechLife Portable Blender 40W. On top of this, consumers can also get 15% OFF vouchers for a much sweeter deal and SPayLater for more flexible payment terms!   Here’s a quick guide to all the realme promotions this coming Shopee 6.6 Mid-Year Sale:  

Enjoy up to 29% OFF on select realme smartphones this 6.6. TikTok Birthday Sale

Don’t miss out on BIG discounts as realme celebrates TikTok 6.6 Birthday Sale! It’s finally TikTok’s 6.6 Birthday Sale and realme Philippines goes all-in to celebrate with whopping discount offerings from June 1-8 only.  Mark your calendars and get up to 29% OFF on select realme  smartphones and up to 40%  on select realme AIoT products. On top of this, the Squad is also in for a treat since they can take home exciting freebies all-week long!  From June 1-8, every purchase of the real me  C35 (4GB+128GB)  comes with a FREE TechLife Buds Classic, while anybody who will avail the  realme C33 (4GB+64GB)  will get a C-Series Tempered Glass as a freebie. To make things even more thrilling, the first few customers to buy a realme 10 Pro+ 5G (12GB+256GB) from  June 4-8  will get their very own realme Watch 3 for FREE . Additionally, everyone will also get a FREE TechLife Power Bank 100000mAh for each purchase of realme 10 (8GB+128GB), realme 10 (8GB+256GB), realme 10 Pro 5G (8GB+256GB), and r