GCash is one of the top payment apps on which people rely most. Through GCash, you can send pesos to friends, access loans, and shop at GCash’s marketplace if you convert your Indian Rupees into Philippine pesos.
From India, you can send Philippine Peso using Skrill, Instarem, Western Union, or Xoom
5 Ways to send Money to GCash from India
Here are the 5 easy methods to transfer money from India to the Philippines with GCash.
Use Digital platforms:
It is best to use a digital money transfer service when sending money to the Philippines. Skrill is the only online money transfer specialist that GCash has partnered with in India.
The best option to transfer money from India to the Philippines is Skrill, but we found that both Wise and Instarem were cheaper alternatives. You cannot directly send money to your account using Wise or Instarem, as they are not GCash partners.
In order to save money, you will have to make an international transfer with Wise or Instarem to your Philippine bank. Afterward, transfer funds from your domestic account to GCash.
Skrill is the best option if you want to directly transfer money from India to your GCash account.
1. Skrill:
| Factor | Rating |
|---|---|
| Trust & Credibility | 8.3 |
| Service & Quality | 7.7 |
| Fees & Exchange Rates | 4.2 |
| Customer Satisfaction | 9.2 |
In order to transfer money from India to your GCash account, you can use Skrill, a UK-based remittance platform. From India to the Philippines (and from many other countries, including the United Kingdom, EU, and Australia), credit cards and bank account transfers are supported.
Average cost from India to the Philippines: Approx. -4%
GCash limits: US$1,000 for bank transfers and US$2,500 for credit card transfers
2. Wise
| Factor | Rating |
|---|---|
| Trust & Credibility | 10 |
| Service & Quality | 9.0 |
| Fees & Exchange Rates | 9.2 |
| Customer Satisfaction | 9.7 |
Money transfers from India to the Philippines can also be made through Wise, a UK-based money transfer service. Wise doesn’t support cash transfers, but it’s often the cheapest means of sending money from India. There may be a delay of two to three days in the processing of bank transfers.
It is not a partner of GCash, so you must make a traditional bank transfer before you can use Wise. You can then transfer that money to your GCash account.
Average cost from India to the Philippines: Approx. 0.8% to 3% fixed fee
Approx 19,000,000 INR per financial year
Use Legacy Platforms
Western Union and MoneyGram are two of GCash’s verified worldwide partners. While Instarem has not partnered with GCash yet.
The exchange rates for legacy platforms are often better than those of online digital platforms, despite the fact that legacy platforms are usually more expensive. Depending on how much money you are transferring, your fees will vary considerably.
3. Instarem
| Factor | Rating |
|---|---|
| Trust & Credibility | 9.2 |
| Service & Quality | 6.2 |
| Fees & Exchange Rates | 8.3 |
| Customer Satisfaction | 8.4 |
There are offices of Instarem in Singapore and India, which offer good exchange rates between India and the Philippines. As an international money transfer provider, it is also one of the cheapest for transfers between the United States, Canada, the Eurozone, and the United Kingdom. Instarem also is not a GCash partner. In order to use them, you must make a bank transfer to the Philippines and then transfer that money to your GCash account.
Average cost from India to the Philippines: Approx. 1% to 2%
GCash limits: USD 3,000 equivalent per transaction
4. Western Union
| Factor | Rating |
|---|---|
| Trust & Credibility | 7.5 |
| Service & Quality | 8.0 |
| Fees & Exchange Rates | 7.0 |
| Customer Satisfaction | 7.6 |
Money transfers from India to Philippines are available through Western Union, the largest and oldest money transfer company in the world (and from over 200 countries around the globe).
Western Union offers two options for sending remittances directly to GCash: through a branch location or online.
Note: It is important to note that service availability varies from country to country.
Going to a Western Union branch
1. Sender visits Western Union branch.
2. Obtain a send money form. Fill it out.
- Names of beneficiaries must match those registered with GCash
- (Using the 09XXXXXXXXXXX format) is the account number for the GCash-registered mobtel.
3. You must pay for the transfer fee and the amount to send in the remittance.
4. Be sure to note the MTCN reference number once the transfer has been completed.
5. Inform your recipient of the exact amount transferred and the MTCN reference number.
Western Union Online
Follow the steps on the Western Union website under Send to a mobile wallet.
There will be an SMS notification sent both to the sender and to the receiver.
Average cost from India to the Philippines: Approx. -4% + a fixed fee
GCash limits: 200,000 INR per transfer
5. MoneyGram:
| Factor | Rating |
|---|---|
| Trust & Credibility | 7.6 |
| Service & Quality | 7.3 |
| Fees & Exchange Rates | 6.8 |
| Customer Satisfaction | 8.9 |
After Western Union, MoneyGram is the second-largest money transfer operator in the world and also offers money transfers from India to GCash Philippines.
MoneyGram offers two options for sending your remittance: in person or online.
Note: It is important to note that each country may have different availability of services.
Going to a MoneyGram branch
- Go to a MoneyGram agent store location.
- Fill out the send money form.
- There must be a match between the beneficiary’s name and the name on GCash
- This is the GCash-registered number (in the format 09XXXXXXXXXX).
- Remit the remittance (plus the transfer fee).
- Note the reference number that is issued once the transfer has been completed.
- Inform your recipient of the transfer reference number and amount.
For more information on this, follow the steps on how to send your remittance at a MoneyGram branch.
MoneyGram Online
Go to the MoneyGram website and follow the steps on MoneyGram’s website on how to send your remittance to a mobile wallet.
An SMS notification will be sent to both the Sender and the Receiver.
Average cost from India to the Philippines: Approx. -1% + a fixed fee
GCash limits: $10,000 equivalent every 30 days
How to Send Money From India to the Philippines Cheaply?
Remitting money home to the Philippines requires an international money transfer. There are a few banks in India that offer this sort of service, but the prices are high.
India has traditional money transfer companies like MoneyGram and Western Union that are often better than banks when it comes to sending funds.
If you want to send money internationally, however, you should use an online money transfer specialist. GCash is a direct partner of Skrill, so you can transfer money from India directly to GCash using Skrill, despite being not the cheapest service from India to Philippines.
For transfers to the Philippines from India, Wise and Instarem offered the cheapest rates in 2022.
Is GCash allowed in India?
Yes, You can use GCash in India if you’re a Filipino and have a Filipino phone number.
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