ABS-CBN
GCash now allows users to hold US dollars
GCash has launched a Virtual US Account feature, enabling Filipino freelancers to receive US dollar payments directly into their e-wallets.
This new service aims to increase freelancers' take-home pay by reducing platform and foreign exchange fees associated with cross-border transactions.
Users can hold US dollars in their GCash account and convert them to Philippine pesos at competitive rates, offering greater financial control.
The feature allows for instant receipt of US dollar transfers directly into the GCash app, providing immediate access to funds.
GCash's Virtual US Account is powered by the global payments network Meridian and is available to fully verified users.
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