GLOBE Telecom, Inc. on Wednesday said its mobile wallet arm GCash recently partnered with Hong Kong’s TNG Wallet to provide a remittance solution for overseas Filipinos.
The partnership seeks to enable Filipinos in Hong Kong to send money directly to GCash Wallet users in the Philippines via the TNG Wallet app, Globe said in an e-mailed statement.
According to its website, TNG Wallet was launched in Hong Kong in 2015, and it has 600,000 downloads and usage rate.
“Together with TNG Wallet, we are very excited to introduce this digital remittance solution for OFWs (overseas Filipino workers) in Hong Kong as we share the same goal of providing safe, fast, and seamless digital financial solutions for our customers,” GCash President and Chief Executive Officer Martha M. Sazon said.
Globe said that through the GCash app, OFWs will be able to pay for their Social Security System contributions via the Pay Bills feature.
“They can also easily access financial services such as GInsure for affordable insurance packages, GInvest for investments in stocks and bonds, and GSave to manage their financial savings,” it added.
GCash said in February that it had more than tripled its gross transactions last year to P3.8 trillion from P1.2 trillion in 2020.
It ended 2021 with 55 million registered users, 4.5 million merchants and social sellers, and around 174,000 cash-in and cash-out agents.
GCash, operated by Globe Fintech Innovations, Inc. (Mynt), achieved profitability three years ahead of its target, the company said in a statement. — Arjay L. Balinbin
