GCash still keen on expanding services abroad

GCASH is still keen on expanding its services outside the Philippines, an official said, although the electronic wallet platform is still identifying its target territory.

“I think GCash is planning to expand its presence,” GCash Senior Manager and Partnerships and Business Development Head Jay Young said on the sidelines of BusinessWorld Economic Forum on Thursday.

“In terms of expansion, let us talk about how you are able to apply for a GCash account. First requirement is you have to have a Philippine issued ID, and a Philippine-registered number. So long as they can prove they are Filipino, I think in terms of expansion and offering our services, we are limited by these requirements.”

To recall, the e-wallet giant is planning to expand its services in 10 more countries in the Middle East, Asia-Pacific and Europe.

To date, GCash has a total of 94 million registered users.

In January, GCash also partnered with Ria Money Transfer for international remittance services for Filipinos abroad.

GCash has been pushing to expand its presence overseas by also seeking to boost the country’s remittances.

GCash services are currently available in 16 markets, including the US, the United Kingdom, the United Arab Emirates, Australia, Canada, Germany, Hong Kong, Italy, Japan, Saudi Arabia, Kuwait, Qatar, Singapore, South Korea, Spain, and Taiwan. — Ashley Erika O. Jose