From going to remittance centers to receiving money via mobile wallet, here's how OFW families can benefit from a partnership between MoneyGram and GCash.
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5 ways OFW families can enjoy the benefits of a mobile wallet
Euden Valdez (philstar.com) - April 18, 2018 - 1:00pm

MANILA, Philippines — No matter the amount, the money sent by overseas Filipino workers back home is equally valuable. Not only because it comes from their sweat and tears, but more importantly because it provides for their beloved families.

OFWs put their families first.

In support of the many sacrifices of OFWs, MoneyGram, a leading global money transfer company, partnered with GCash — the country biggest cashless payment system and mobile wallet provider. As a result, thousands of GCash users can receive money on their mobile wallet from over 200 countries and territories where MoneyGram is present.

What are the benefits of using mobile wallet?

1. Save time for things that matter

MoneyGram is the trusted and preferred money transfer company for OFWs and their families because of its easy and reliable service. With the GCash partnership, MoneyGram country manager Alex Lim believes that their most precious customers will experience convenience at its best.

For OFWs, all they need to do is do is log in at the http://global.moneygram.com or visit one of 350,000 outlets to send money directly to the GCash account of their loved ones in the Philippines. The recipients, in turn, won’t need to travel and line-up to pick up the cash in person. All they need to do is complete the one-time KYC process via GCash app, to be able to access the money anytime, anywhere.

This also means more time for the things that matter — cooking meals for the children, or having avideo call with their loved ones abroad.

2. Money is secure in your hands

OFWs often send money to secure their families’ finance for the entire month, which amounts to big sums. For those who pick up money in person at a physical location, it can be inconvenient to carry much cash while traveling.

This is addressed by GCash, which is a service that transforms the mobile phone into a virtual wallet.

“The primary benefit is really convenience but there’s also security unlike previously, when you have to take and hold on to the cash. Now, it’s just in your mobile wallet or account,” says Anthony Thomas, chief executive officer of Mynt.

3. No additional charge

It is MoneyGram’s goal to drive financial inclusion in the region. The strategic partnership and cooperation with GCash provides a financial service that is not only accessible and reliable but also competitive in terms of fees.

“Money Gram ensures that there is no additional charge to use the service, although a standard money transfer fee applies,” says Yogesh Sangle, head of Asia Pacific, Middle East and South Asia at MoneyGram.

4. More ways to use the remittances

Anthony also explains that there are many ways how OFW families can use their remittances with the GCash app.

They can buy load, transfer money, and even pay the bills — all accessible at their fingertips.

They can also scan to shop at many partner merchants in malls nationwide. This QR code payment is the newest feature of GCash.

5. First transaction gets a cashback!

Knowing that OFWS are the key drivers of the Filipino economy as the remittances contribute up to 10 percent of the GDP, MoneyGram and GCash are adding value to their customers’ income.

New users will receive P200 for their first transaction with the new MoneyGram service powered by the GCash app. The promotion is running until May 31, 2018.

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.

GCASH MONEYGRAM OVERSEAS FILIPINO WORKERS REMITTANCES
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