GCash and Ayannah Partner to Launch GCash Padala
GCash partners with Ayannah to launch GCash Padala, a new money remittance service enabling over 40 million GCash users to send money to millions of unbanked Filipinos
Leading mobile wallet GCash has partnered with leading fintech Ayannah to launch GCash Padala, a new remittance service that allows GCash’s more than 40 million users to send money to non-app users.
GCash Padala is a faster, easier and more affordable way for GCash users to send money to their loved ones straight from their mobile phone even if the recipients do not have an e-wallet or mobile bank account. To reduce travels and keep activities to only the essentials, GCash Padala allows senders to save time and effort from physically going to
remittance centers, providing them the convenience of doing this through their mobile phones. The recipients can claim their cash through thousands of remittance agents belonging to Ayannah’s large and growing network of remittance partners. GCash Padala recipients can claim their cash at over 2,000 participating Tambunting, Panalo Express and VIP Center branches, with Ayannah adding thousands more across the country in the coming weeks.
According to a Bangko Sentral ng Pilipinas (BSP) study dated December 2019, one in three Filipino adults send or receive over 120 million domestic money remittances monthly resulting in an annual domestic money remittance volume of over P2 trillion - over 80% of which is still done over the counter. The COVID pandemic has made it urgent and necessary to provide options to send and receive money in an affordable, convenient and safe manner. GCash Padala promises to do just that.
To help Filipinos affected by the Enhanced Community Quarantine (ECQ), GCash has decided to WAIVE all GCash Padala transaction fees from August 6 to 20, 2021. This is GCash’s way of helping Filipinos send money to their loved ones during these difficult times.
The following links provide more information about GCash Padala:
GCash Link: https://go.gcash.com/padala
GCash Website: https://www.gcash.com/services/padala
GCash List of Partners: https://www.gcash.com/partners/padala
About GCash.
GCash is the leading mobile wallet in the Philippines. Through the GCash app, customers can easily buy load; pay bills at over 600 partner billers in the app; pay at more than 7,000 online partners; send and receive money anywhere in the Philippines; pay using QR codes at over 130,000 partner merchants nationwide; save money while earning interest; and invest money at local and global funds — all through the convenience of their smartphones. GCash is owned and operated by Mynt, a joint venture between Globe Telecom and fintech giant, Ant Financial. GCash was recognized by The Asian Banker (TAB) for its contribution to financial inclusion through its innovative digital financial services. (www.gcash.com)
About Ayannah.
Ayannah is a leading fintech company enabling affordable and accessible digital financial services in the Philippines and Indonesia. Ayannah operates award-winning and market-proven omni-channel transaction and open banking platforms that allow financial service providers to serve customers through the web, through mobile phones and through a large and growing network of transaction agents. Ayannah has been recognized by The Asian Banker (TAB) and the International Finance Corporation (IFC) as one of the world’s leading fintech companies spurring financial inclusion. (www.ayannah.com)