GCash has partnered with Sendwave
to help Overseas Filipino Workers (OFW) and their families make the most out of
their hard-earned money by offering remittances with zero transaction fees and
very reasonable exchange rates.
Through the Sendwave app, OFWs can
securely send money back home directly to a family member’s GCash app – without
the need to fill out forms, line up, or leave to go to a bank or remittance
center.
GCash hopes the partnership can
address the needs of OFWs who are often faced with different challenges like
homesickness and the stress of managing very tight finances, always worrying if
the money they send back home is enough for their families’ day to day needs.
“One of our goals at GCash is to
make Filipinos’ everyday lives better, and we are pleased to be working with
Sendwave to make that a reality. OFWs work so hard while being apart from their
families, so partnering with safe and convenient remittance options on the
GCash app is one way to help make their ordeal even just a bit easier,” said
Martha Sazon, GCash President and CEO. “By providing accessible financial
services to OFWs and their Filipino families who live locally, this also brings
GCash one step closer to our mission of financial inclusion for all.”
OFWs may download the Sendwave app
for free and easily send remittances to the GCash wallets of their loved ones
in the Philippines. OFWs just need their recipients’ mobile number and full
name registered on the GCash app. Verified GCash users have an initial wallet
limit of P100,000 which can be increased by improving their GScore with the
continued use of GCash features.
Sendwave is currently available in
the USA, Canada, UK, Spain, Italy, Ireland, Belgium, and France.
“We are very grateful to GCash for
spreading our service to our kababayans around the world.Being in the
Philippines, it can be such a process to get money if you’ll go to in-person
locations. Using GCash and Sendwave is much easier for both our senders and our
recipients. You can send money in minutes,” said Sendwave PH manager Dan
Santos. “It has been a huge favourite of our users – sending to GCash wallets.
We think it really is the future of sending money for OFWs and immigrants.”
Both GCash and Sendwave strive to
ensure the safety and security of the users’ funds. GCash utilizes real-time
risk monitoring and risk-based authentication through face verification, OTP,
and security questions for unusual transactions. GCash also coordinates closely
with the Philippine National Police and implements a strict “Know Your
Customer” (KYC) or customer verification process, as required by the Bangko
Sentral ng Pilipinas. Sendwave is password protected, has two-factor
authorization and 256-bit encryption so all your data is encoded as it’s
entered in the app.
OFWs are also referred to as the
Heroes of the modern age because of their contribution to the growth of the
Philippine economy. In celebration of National Heroes Day this August, first
time senders from Sendwave to GCash who will use the promo code “HeroGCash”
will earn an additional USD10.00 or around Php500.00 depending on forex, to be
credited to their recipient’s GCash wallet.
The GCash and Sendwave apps are
available for free on the Google Play and App Store.
For more information, visit
www.gcash.com.
