MENA: Abroad Filipino Staff (OFWs) within the United Arab Emirates can now ship cash to their households within the Philippines with none transaction charge. GCash has introduced their partnership with UAE-based firm, Denarii Money.
With this partnership, GCash and Denarii Money are waiving the transaction charges which include the cash switch. Each Denarii Money and GCash share the identical dedication of providing handy and inexpensive monetary providers to Filipinos.
“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, the number one mobile wallet in the Philippines, because we think that both companies share the same vision,” says Denarii Money founder, Jon Santillan.
Denarii Money is likely one of the main cross-border cash switch apps in UAE that takes care of OFWs’ money-sending and payments fee wants. It was based by a workforce of OFWs with most of its workers being OFWs as properly. Denarii Money can be trying to broaden their providers throughout the Center East so extra OFWs can expertise the identical advantages.
We see this as a strategic partnership as we goal to assist OFWs and their households within the Philippines have entry to modern options like GCash for a quick, handy and safe method of sending cash thereby supporting our goal of monetary inclusion, based on GCash Chief Industrial Officer – Transfers, Fred Levy.
GCash is operated by Mynt and a partnership between Ayala Globe, and Ant Monetary. It’s a micropayment service that transforms the cell phone right into a digital pockets for safe, quick, and handy cash switch. It at the moment has 20 million subscribers and greater than 70Okay service provider companions that permit cashless transactions.
OFWs can get pleasure from 1 month of free providers and 50% low cost for the subsequent 2 months.
In keeping with Denarii Money and GCash, they’re engaged on increasing their providers to provide you with higher options and extra inexpensive provides for the OFWs. There may be undoubtedly one thing to look ahead to with this partnership.
About Denarii Money:
Established by Jon Santillan in 2018, Denarii Money is a number one cash switch app within the UAE, offering safe and inexpensive cash switch choices for people. The startup firm provides providers which considerably simplify the remittance course of by permitting expatriate employees in UAE to ship cash by way of smartphone and luxuriate in a full vary of pay-out choices together with prompt cash pickup or bank deposit of cash to help their households again dwelling. At the moment, it has footprints in Philippines, Pakistan, India, Malaysia, Indonesia, Bangladesh with additional enlargement underway throughout key enterprise markets.
Mynt is a partnership between Globe Telecom, the Ayala Company, and Ant Monetary, that gives modern and first-in-world fintech options to customers, retailers, and organizations. Its imaginative and prescient is to allow monetary entry for customers and retailers by disrupting conventional channels via digital monetary expertise providers. It operates two fintech corporations: GCash, a micropayment service that transforms the cell phone right into a digital pockets for safe, quick, and handy cash switch, and Fuse, a tech-based lending firm that permits Filipinos to get microloans to enterprise loans with out the normal necessities set by banks and different lending establishments. For extra info, go to mynt.xyz.
For additional info, on Denarii Money, please contact:
Title: Ingrid Sandra A. Papa
Title: Digital Advertising Supervisor
E mail: [email protected]
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