GCash offers financial solutions to OFW

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To make it easier for OFWs to send their remittances to their loved ones, GCash honors new financial solutions

With around 10 million Filipinos living and working overseas such as seafarers, nurses, caregivers, hotel staff, construction workers, oil field personnel and many more – the remittances they send to their loved ones help drive the Philippine economy despite the devastating effects of the Pandemic. With about 9% of the Country’s GDP accounted from remittances, the Philippines is considered the world’s fourth largest recipient of remittances next to India, China and Mexico.

However, given the ongoing pandemic, our modern day heroes find themselves stricken by employment challenges. This is why financial literacy is crucial to secure their future and retirement.

GCash, the country’s number one mobile wallet in the Philippines, seeks to impart knowledge on responsible remittance spending, and income management through the Globe GoLearn Program. GCash has lined up lessons on financial literacy to assist OFWs in goal planning and guide them in their journey towards financial stability.

Golearn is a multi-wide platform for lifelong learners who aspire to further enrich their education through digital solutions and innovative technologies available, advocates continuous learning for everyone, and bridges the digital gaps in the education landscape in the country by providing affordable connectivity, accessible platforms, and safe learning environment.

During the webinar, Sen. Joel Villanueva pointed out the importance of financial literacy for OFWs and their dependents so they can maximize the money that they earn through savings and investments. Thus, the need for financial solutions and digital platforms to encourage them to learn.

“I believe this is where GoLearn can come in — to provide our OFWs with the opportunities for lifelong learning through digital technology wherever they may be. We need to invest in intellectual capital. Walang lugi pag nag-invest ka sa sarili mong pag-iisip, skills, at potentials. Hindi mawawalan ng trabaho at opportunities ang mga Pinoy na maraming alam,” he said.

TESDA has also strengthened their initiatives in upskilling for repatriated OFWs through the TESDA Abot Lahat ang OFWs during the pandemic. Both programs are supported by Globe through zero-rating of TOP (https://e-tesda.gov.ph/) and providing communications support for TESDA to reach more OFWs to promote upskilling courses.

GCash enables OFWs to have an easy and convenient way to send money, pay bills, save, secure loans, invest in bonds and stocks, and even get health insurance all in one platform and in the safety of their homes.

For more information about Globe, visit www.globe.com.ph. For GCash, go to www.gcash.com.