GCash launches real-time remittances from US, Canada

Manila: Filipinos in the US and Canada can now send money home instantly through GCash.

GCash, the Philippines’ largest fintech platform, announced a partnership with Viamericas, a money transmitter licensed in the United States.

This deal enables overseas Filipinos in North America to remit funds directly to GCash accounts in the Philippines in real time.

The US remains the top source of $38.34 billion personal remittances to the Philippines, according to data from the Bangko Sentral ng Pilipinas (BSP).

Paul Albano, GCash International general manager, highlighted the goal of providing fast and secure financial services for Filipinos in North America and their families back home.

“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,” Albano said.

Joseph Argilagos, Viamericas’ co-founder and executive chairman, emphasised how the alliance expands the company’s services in the Philippines by integrating with GCash.

“This partnership perfectly aligns with our mission to empower communities by providing accessible, affordable, and reliable financial services,” Argilagos noted.

With multiple locations across North America, Viamericas ensures convenience for Filipinos wherever they are in the region.

GCash reported that approximately 81 percent of Filipinos now own a GCash account.

The company’s valuation surged to $5 billion last year after securing additional funding from Ayala Corp and Japanese financial giant MUFG.

Meanwhile, Mynt, GCash’s operator, is preparing for an initial public offering (IPO) in the Philippines, according to parent firm Globe Telecom.

Globe President and CEO Ernest Cu previously stated they are considering a “smaller” public float than the 20 percent mandated by securities regulators.

Local businessmen here can also now transact via Gcash or Maya with a growing number of govrernment institutions online, thus helping save time and money, as there's no need fall in long queues while payments transparent.

Digital payments has seen a major spike in the Philippines, thanks to smartphone apps and the ubiquity of internet services, as the digital economy is seen surging to $35 billion in 2025.