GCash teams up with banks to make fund transfers easier
GCash, through Globe Telecom’s fintech arm Mynt, has announced that it will fully roll out its newest free fund transfer service in partnership with more than 30 banks in the Philippines. The movement was made in response to the public’s growing clamor for convenience, a far cry from the traditional banking transaction wherein customers must allot a certain amount of time for falling in line and waiting for their turn for a simple transaction that usually lasts for merely a few minutes. In addition, Philippine fund transfers services are notorious for having exorbitant fees (depending on either a certain percentage or a fixed fee) and antiquated paper process. Nowadays, anyone who wishes to make fund transfers transactions can use a GCash app installed on their smartphone. They simply need to input the fund amount in their GCash account and the bank details of the accounts they're transferring funds to, and presto, they can just sit tight and relax as the confirmation message arrive
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