It’s likely that you are familiar with GCash if you’re from the Philippines or if you have friends or family there. With everything happening directly on the mobile phone, it’s probably also the most user-friendly method of sending and receiving money, making payments, and even getting loans in the Philippines.
Forints can be tricky and expensive to convert into pesos when sending money from Hungary to the Philippines. Third-party services are required if you want to send money to a recipient in the Philippines via their GCash account. It is simple and quick to send money from Hungary to GCash in the Philippines using services such as WorldRemit or Western Union!
Steps to Send GCash from Hungary to Philippines in 2023:
1. Use WorldRemit:
Online money transfer providers that support GCash payouts in the Philippines are the best way to send money from Hungary to GCash. Most excellent providers offer this service, such as WorldRemit, Remitly, Skrill, and others, but not all providers may be available depending on your specific transfer.
In order to get started, you’ll need to sign up on one of these platforms (it’s usually quick, easy, and free) and choose GCash as your delivery method. Then you can transfer Forints from your bank account or card to your recipient’s GCash account in pesos at an excellent exchange rate when you enter their mobile number and name. It takes only a few minutes for the money to arrive in the Philippines.
Wise, WorldRemit, and Skrill are three options for sending money to a mobile wallet in the Philippines from Hungary. As of 2022, WorldRemit is the best platform for GCash payouts in the Philippines for transfers from Hungary.
For example, if you send 1000 Forints from Hungary to the Philippines, WorldRemit will cost you 2.3% (keep in mind that this percentage will decrease as you send more money). All users who wish to send money to GCash in the Philippines should use WorldRemit because of these relatively low fees and exchange rates.
When sending money to someone’s GCash account in the Philippines, you are only allowed to send ₱50,000 per transfer in someone’s GCash account
Use Legacy Providers
Another alternative to sending money from Hungary to a GCash account in the Philippines is by using traditional transfer operators such as Western Union or MoneyGram.
There is no doubt that legacy platforms typically cost more than online-only platforms, but they often offer decent exchange rates, and whether the legacy platform is ultimately cheaper depends on the amount of money you are sending.
Here are some of the top platforms in this category:
2. Use Western Union:
There is no doubt that Western Union is the world’s largest and oldest money transfer company. There are dozens of countries across the globe where money can be transferred to GCash in the Philippines, including Hungary.
3. Use MoneyGram:
In the Philippines, MoneyGram provides money transfers from Hungary to GCash, the second-largest money transfer company after Western Union.
4. Use Small World:
It is also well-known that Small World is one of the cheapest legacy operators for sending money from Hungary to the Philippines. It can sometimes be as cheap as Remitly to send money to GCash in the Philippines with Small World!
5: Use Banks
Sometimes you can convert foreign currency to pesos and deposit it into somebody’s GCash account locally if you live in Hungary but keep a bank account in the Philippines.
In the Philippines, if you have a bank account that offers this service (and don’t mind paying slightly higher fees), it might make sense, but if you want to save money, this isn’t the best option.
Alternatively, you can compare money transfer providers in real-time, such as Remitly, on this list.
Frequently Asked Questions
Is GCash available in Hungary?
It is possible to use GCash in Hungary if you have an active mobile number from the Philippines. Make sure your mobile phone is enabled for roaming if you’re overseas. You may be charged extra for roaming services by your mobile carrier.
Is it possible to send money from Hungary to the Philippines using GCash?
You cannot receive money from overseas senders in your GCash wallet. For remittances, you’ll need a third-party service like Remitly, WorldRemit, Wise or Skrill.
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