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April 12, 2024

Seamless transactions worldwide: BSP greenlights GCash’s expansion to 16 countries

GCash has received approval from the Bangko Sentral ng Pilipinas (BSP) to launch its service for Filipinos residing in 16 countries, enabling them to use the app with their international mobile numbers.

Initially available in beta for users in the US, Canada, Italy, the UK, Australia, and Japan, the BSP’s approval opens the door for the full rollout of the service and expansion to 10 additional countries.

These countries include the United Arab Emirates, Saudi Arabia, Kuwait, Qatar, South Korea, Taiwan, Singapore, Hong Kong, Spain, and Germany.”

“In 2024 and beyond, we are doubling down on our mission to serve our users beyond Philippine shores. With around 13 million Filipinos living abroad, we recognize and meet the need for them to support their families back home and take control of building their loved ones’ financial future,” said Ren-Ren Reyes, president, and CEO of G-Xchange Inc., the operator of GCash.

Users in these 16 countries can sign up with their international mobile numbers using their Philippine passport or other valid Philippine ID as proof of identity.

Once fully verified, they can securely and seamlessly support their families back home by sending money for free (GCash-to-GCash), paying bills promptly, and instantly buying load credits with just a few taps on the app.

“Thanks to BSP’s support, we can now provide our kababayans across the globe access to financial services that help ease the challenges of managing their finances and better support their families back home. We will soon roll out more services like savings, gifting vouchers, using GCash for online payments, as well as more accessible ways to cash in,” said Paul Albano, general manager of GCash International.

In addition to enabling overseas Filipinos to use GCash with their international mobile numbers, the leading fintech company has been expanding its global reach in partnership with the global payments platform Alipay+.