A new partnership between global payments network Thunes and the popular Philippine digital wallet GCash will make it easier for Filipinos living in the U.K. and Europe to send money back home.
Through this collaboration, GCash users can now top up their digital wallets directly from their European bank accounts in real-time.
This service is estimated to benefit an estimated 2 million Filipino expatriates in Europe.
The system emphasizes increased control and transparency, allowing users to track their funds and guarantee they are used as intended.
As a member of Thunes’ Direct Global Network, GCash gains access to enhanced capabilities through Thunes’ proprietary SmartX Treasury System and Fortress Compliance Platform.
These tools provide unmatched speed, security, cost-efficiency, and protection for cross-border transactions, enabling seamless and reliable top-ups for users.
“We are delighted to be a Member of Thunes’ Direct Global Network, to enable GCash users to top up their accounts instantly from their overseas bank accounts.
This service will support hundreds of thousands of Filipinos in the U.K. and Europe by improving how they move money across borders into their digital wallets with better control over their finances. In this way, Filipinos living abroad can better utilise GCash to maintain ties with their home communities.”
said Paul Albano, General Manager of GCash International
“We are expanding our collaboration with GCash, a long-standing valued Member of our Direct Global Network, to transform digital wallet top-ups. Through Thunes’ Direct Global Network, we are now delivering an instant top-up service that simplifies cross-border transactions.
Our alliance with GCash is a testament to our passion for innovation, the versatility of our proprietary network, and our dedication to financial inclusion through money movement around the world.”
said Floris de Kort, CEO of Thunes.
Featured image credit: Edited from Freepik
