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“Harnessing The Power Of The Mobile Phone For Low Cost, Fast &
Accessible Cross Border Remittances – A GCASH Case
Study”
Asia Pacific Regional Forum20 May 2011
Bangkok, Thailand
GCASH REFRESHER
• GCASH is a revolutionary, innovative, and cutting-edge mobile commerce platform that transforms the mobile phone into a wallet for financial transactions with the ease and cost of a text message
• Launched in the Philippines in 2004• Menu of services include:
– Phone to Phone Transfers– Airtime Load Purchases– Retail / Online Payments– Bill Payments– Tuition Fee Payments– Micro-credit Payments– Disbursement of salaries, allowances, etc.– Donations to Charitable Institutions
• 2006 Launched Cross-Border Single-Currency Remittance with CSL of Hong Kong
• 2007 Launched Cross-Border Multi-Currency Remittance with Maxis of Malaysia
Launched GCASH REMIT* International• 2009 Accredited 18,000 GCASH outlets nationwide
Includes Pawnshops, Rural Banks, Airtime Loading Stations, Department Stores, Convenience Stores
• 2010 Launched GCASH REMIT* Domestic Launched the fully customizable GCASH ATM Card
Launched partnerships with BICS and VodafonePilot disbursement of grants for the UN World Food ProgramPilot disbursement of grants for the DSWD CCT Program
*GCASH REMIT is an over-the-counter cash pick-up service where outlets in the Philippines utilize the mobile phone and the GCASH platform to process the remittance transactions
GCASH Milestones
Domestic P2P (Mobile to Mobile)
InternationalOutlet to Mobile
DomesticOutlet to Outlet(Cash Pick-Up)
InternationalOutlet to Bank
(Credit to Bank)
InternationalMobile MoneyTransfer Hub
(Mobile to Mobile)
InternationalOnline to Mobile
InternationalOutlet to Outlet(Cash Pick-Up)
Personalized ATMCards Cash Out
And Valid ID
2004 2006 2007 2009 2010
DomesticOnline to Mobile
Platform ready to scale up with all components in place
Pro-active OperationsSupport
24/7 customer service& partner
support team
Up-to-date fraudmonitoring &
detectionsystems
Continuousenhancement incore & peripheral
systems
Back-end geared up to support increasing customer demands
1. CNN Feature on WFP-GCASH Cash for Work Program
2. Conditional Cash Transfer Program Video
GCASH Video Files