Sunday, February 17, 2019

Fund Transfers made easy with GCash

The nation’s leading mobile money service GCash has rolled out its fund transfers service, allowing customers to transfer funds from their GCash App to any of the over 30 banks supported nationwide. This feature only takes less than 3 minutes to complete a transfer transaction digitally. With a minimal and easy-to-understand user interface, and money can be transferred into the bank instantly using.a.smartphone.


With GCash, all a customer needs are smartphone, funds in their GCash account, and the bank details of the account they’re transferring funds to. Once these are inputted, they can just sit tight and relax as the confirmation message arrives on their device.

With GCash’s new feature, over 15 million customers can now transfers funds to more than 30 banks for free,  anywhere in the Philippines where there is data connectivity present. GCash app  is open to use for all networks, be it Globe, Smart, Sun, Talk n’ Text, or TM.

Reyner Villasenor, Zoe Ocampo and Joseph Lim talk on what GCash Tranfer offers


Fund transfers are an integral part of the Philippine financial ecosystem. It’s widely used for sending money for personal purposes such as for family needs, bills payments, or even paying online sellers for products ordered on social media platforms. The Bangko Sentral ng Pilipinas expects the nation to have at least 20% of its financial transactions to be made electronically by the year 2020. This includes banks and Electronic Money Issuers (EMIs) which GCash is classified under.

GCash, for its fund transfer service, utilizes the InstaPay platform initiated by the Bangko Sentral ng Pilipinas. It is an “Electronic Fund Transfer (EFT) service that allows customers to transfer funds almost instantly between accounts of participating BSP-supervised banks and non-bank e-money issuers in the Philippines.”


App users may fund their GCash account through 16,000 GCash Partner Outlets (GPOs) nationwide like 7-Eleven, BPI Mobile Banking, MoneyGram, Western Union, RCBC Mobile Banking, UnionBank Mobile Banking, Puregold, SM Business Center, Cebuana Lhuillier, Villarica Pawnshop, Tambunting Pawnshop, and RD Pawnshop.

Download the GCash App for free from the App Store or from Google Play and sign up for an account. Alternatively, you can look for @gcashofficial on Messenger and sign up.

Visit gcash.com/cash-in for more information.

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