In the days of all-digital as of this moment, anything can be done through the "virtual world." No exception to the transfer of money. Therefore, do not be surprised if a particular service provider sends a lot of money is strewn everywhere. GCASH Globe, a mobile wallet service with the fastest growth in Asia, announced the end of May this new opportunity for its customers who are domiciled in the U.S. who want to send funds to the Philippines. With this new service, inevitably, users will experience how safe, convenient, and affordable in transferring funds to the Globe or TM mobile phone in the Philippines are listed on the website GCASH through GCASH (www.globe.com.ph). So what lies behind GCASH money transfer service launched this instant? According to reports the world's migration and development banks, the level of remittances worldwide reached U.S. $ 316 billion in 2009. This amount is expected to increase by 6.2% in 2010 and 7.1% in 2011. Traffic such remittances, among others participate is influenced by the 10 million Filipino workers, whether immigrants or contract transferring money of U.S. $ 17 billion per year.
To send money through the web site GCASH Online, U.S. PayPal account holders can simply enter the Globe or TM number of the recipient in the Philippines listed in GCASH, the following amount of fund they want to send. Furthermore, they will be redirected to their PayPal account to check and confirm their transaction. When it is done, the recipient in the Philippines will be notified via text messages on their phones. Furthermore, the funds will be automatically credited to the recipient GCASH wallet. Here, the recipient was given the freedom to choose these funds will be cashed at one of 18 000 GCASH outlets throughout the Philippines. Funds they receive can be immediately used to purchase goods, pay bills or make purchases from online merchants or retailers.
