GCash honors OFWs with new, better financial solutions

MINERVA BC NEWMAN

CEBU CITY – GCash, the country’s number one mobile wallet honored around 10 million Overseas Filipino workers (OFWs) with new financial solutions and better knowledge and experience in sending remittances to the Philippines, in a virtual “Alagang GCash” webinar with OFWs and their dependents on September 10.

“We, at GCash, want to thank you for everything you’ve done for the country and how you contribute to the economy.  But beyond these, we recognize how much each of you has sacrificed to provide better lives for your families and how you help them achieve their dreams,” Martha Sazon, GCash president and CEO said in her opening message during the “Alagang GCash” webinar.

 

Sazon said that GCash enables OFWs to have an easy and convenient way to send money, pay bills, save, secure loans, invest in bonds and stocks, and even get health insurance all in one platform and in the safety of their homes.

According to Jelmar Angel Orig, an executive secretary working in Saudi Arabia for the past 13 years and doubles as a makeup artist and standup comedian during weekends that being the eldest of seven children, he supports the studies of his three siblings and GCash has been his partner in ensuring that they receive the much-needed funds safely and conveniently

“Nagpapadala ako sa kanila buwan-buwan using online remittance and gamit na gamit ko ang GCash kasi may mga emergency needs ang mga kapatid ko.  Real-time nila natatanggap ang padala,” Orig said.

Jules Abalos, Head of International Remittance of GCash bared that there are already 46M GCash users in PH with two to six million social sellers and 30+ partners and 200+ countries where an individual can remit money back to the PH and more than 400,000 partners remittance agent locations in the world.

 

Jong Layug, Head of Wealth Management of GCash bared some of the services that OFWs and GCash subscribers can avail of including GSave which offers four percent interest rate for savings; GInvest where one can invest with a minimum of P50 and GInsure with coverage for less than P50/mo for life and health insurance.

Sazon added that GCash seeks to impart knowledge on responsible remittance spending, and income management through the Globe GoLearn Program. GCash has lined up lessons on financial literacy to assist OFWs in goal planning and guide them in their journey towards financial stability.

The virtual event was hosted by Korina Sanchez with guests from GCash executives and Overseas Workers Welfare Administration (OWWA) Administrator Atty. Hans Leo Cacdac in the panel discussion and some OFWs and recepients.

During the event, GCash likewise announced the winners of its recently concluded “Sino ang OFW Bayani Mo” contest, where beneficiaries who claimed their Moneygram remittances via GCash, had the chance to win P50,000 for their OFW Bayani by simply posting a short testimonial about their OFW Bayani and their photo on Facebook.

Three OFWs, Lorenz Santayana, Juhaima Ali and Lia Cauna were declared as the OFW Bayani winners.