GCash, the mobile wallet of Globe Telecom Inc., has joined forces with Taptap Send and other international partners to enhance financial transactions for Filipinos both locally and abroad.
The collaboration with Taptap Send, an app specifically designed for Overseas Filipino Workers (OFWs) in the UAE, the UK, the US, Canada, and select European countries, aims to provide quick, affordable, and secure money transfers.
Taptap Send claims it offers zero transaction fees and competitive exchange rates for those remitting money back to the Philippines.
Oscar Ren-Ren Reyes, president and chief executive of G-Xchange Inc., the operator of GCash, emphasised the importance of using official partners for remittances. He stated,
“Some of our users may not be aware that there is a difference between sending via official partners of GCash versus other remittance companies that also offer to send to GCash through banks and Instapay. Since senders do not see banks in the remittance process, they would understandably assume that this is a GCash issue.
That’s why we want to encourage the public to transact with our official partners who offer real-time transfer and competitive exchange rates.”
New users of Taptap Send can also benefit from an exclusive promo when they remit to GCash, receiving an additional bonus credit on their first transfer by using the code GCash. The bonus credit amount will vary depending on the user’s location.
This initiative is part of GCash’s effort to ensure safer transactions and prevent scams, which are more difficult to trace when dealing with unaccredited agents.
Faye Sta. Ana, the Taptap Send Philippines country launcher, highlighted the significance of this partnership for OFWs. She remarked,
“For Taptap Send, we realised there’s not been a money transfer app led by an OFW for the OFWs who were able to freshly brand the Filipino diaspora as empowered, and financially literate, while also doing it in a fun way.
GCash is very much aligned with our strategy and we’re excited to join Asia’s fintech powerhouse to put Filipino prowess forward.”
Featured image credit: Edited from Freepik
