Gcash signs a deal with Viamericas, a leading licensed money transmitter in the United States, to enable Filipinos in the US and Canada to send money directly to GCash accounts on real time.
In an ABS CBN News article dated February 25, GCash’s International General Manager Paul Albano said that the deal aimed to provide “fast and secure financial services to Filipinos based on North America and their families in the Philippines … The partnership between Viamericas and GCash empowers OFWs in these locations to send secure and fast remittances to their loved ones back home. This collaboration enhances financial control for OFWs and strengthens connections with their families, making the remittance process easier than ever.”
Viamerica’s co-founder and executive chairman Joseph Argilagos said the “alliance expands its capabilities in the Philippines by integrating its services with GCash.” He said that their partnership with the Philippines’ largest fintech company aligns with Viamericas’ mission to “empower communities by providing accessible, affordable and reliable financial services.”
Viamericas has multiple locations across North America.
GCash said that about 81% of Filipinos own GCash accounts. The company’s valuation has soared to $5 billion last year after securing additional funding from Ayala Corporation and MUFG, a Japanese financing company.