Overseas Filipino Workers (OFWs) in the United Arab Emirates can now send money to their families in the Philippines without any transaction fee. GCash has announced their partnership with UAE-based company, Denarii Cash.
With this partnership, GCash and Denarii Cash are waiving the transaction fees which come with the money transfer. Both Denarii Cash and GCash share the same commitment of offering convenient and affordable financial services to Filipinos.
OFWs can download the Denarii Cash app from the PlayStore or App Store and add their recipient’s GCash details on the app. Denarii Cash also offers several ways for the OFWs to pay their transfer so they can send money as soon as they need to. The recipient will immediately receive the money in their GCash account.
“We believe that Filipinos deserve a faster, cheaper, and safer option to send to their families back home especially at a time like this. We partnered with GCash, one of the leading mobile wallets in the Philippines because we think that both companies share the same vision,” says Denarii Cash founder, Jon Santillan.
Denarii Cash is one of the leading cross-border money transfer apps in UAE that takes care of OFWs’ money-sending and bills payment needs. It was founded by a team of OFWs with most of its employees being OFWs as well. Denarii Cash is also looking to expand their services across the Middle East so more OFWs can experience the same benefits.
We see this as a strategic partnership as we aim to help OFWs and their families in the Philippines have access to innovative solutions like GCash for a fast, convenient and secure way of sending money thereby supporting our purpose of financial inclusion, according to GCash Chief Commercial Officer - Transfers, Fred Levy.
GCash is operated by Mynt and a partnership between Ayala Globe, and Ant Financial. It is a micropayment service that transforms the mobile phone into a virtual wallet for secure, fast, and convenient money transfer. It currently has 20 million subscribers and more than 70K merchant partners that allow cashless transactions. OFWs can enjoy 1 month of free services and a 50% discount for the next 2 months.
According to Denarii Cash and GCash, they are working on expanding their services to come up with better solutions and more affordable offers for the OFWs.
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