Thursday, December 28, 2023

GCash Further Expands Global Remittance Network with PERA HUB

GCash continues to expand its global remittance network as it partners with Aboitiz retail network brand PERA HUB for cash-in transactions. The country’s leading fintech company has recently announced that PERA HUB partners will now be accessible via the GCash app.

“Through this partnership, millions of Filipinos around the world can benefit from easier and more affordable remittance services, ensuring they can always send money back home,” remarked Ren-Ren Reyes, president and CEO of G-Xchange Inc., the mobile wallet operator of GCash.

GCash users can now easily claim remittances and access PERA HUB’s vast network of remittance partners, which include, Remitly, IntelExpress, InstantCash, Ayannah, and soon, Uniteller, without the need to change applications or go outside their houses and line up at remittance centers.

"GCash is thrilled to have PERA HUB as a key partner in our international remittance network. This collaboration enhances the convenience and accessibility of remittances for our users, making financial inclusion now a global reality," noted Reyes.

Each year, millions of Filipinos find employment overseas to remit better earnings to their families back home. In 2022, the Bangko Sentral ng Pilipinas (BSP) reported an all-time high in remittances to the Philippines, reaching a staggering $36.14 billion.

"GCash is proud to empower Filipinos worldwide to live their best lives through a range of tailored products and services, particularly designed to meet the unique needs of Overseas Filipino Workers (OFWs). Our International Remittance service is a prime example, enabling those abroad to send remittances directly to the GCash accounts of their loved ones in the Philippines," stated GCash International General Manager Paul Albano.

PERA HUB, the retail brand of PETNET, operates 186 company-owned locations and boasts thousands of sub-agents. PETNET, with a remarkable 25-year history in the remittance business, is majority-owned by City Savings Bank, Inc. and Union Properties, Inc., both wholly-owned subsidiaries of the Aboitiz Group’s Union Bank of the Philippines..

“With PERA HUB’s partners now part of the GCash platform, OFWs and their families now have access to an even broader selection of remittance partners, making the process of sending and receiving money more convenient than ever,” said Albano.

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