People use GCash to handle their online payments and bills. Through GCash, you can send pesos to friends, access loans, and shop at GCash’s marketplace if you convert your Japanese yen into Philippine pesos.
From Japan, you can send Philippine Peso using WorldRemit, Wise, Western Union, or Xoom.
5 Ways to send Money to GCash from Japan
Here are the 5 easy methods to transfer money from Japan to the Philippines with GCash.
Use Digital platforms:
It is best to use a digital money transfer service when sending money to the Philippines. Unfortunately, GCash does not work with a Japanese digital money transfer specialist.
It is therefore necessary to first send Japanese yen to a Philippine bank account via WorldRemit or Wise in order to reap the benefits of good exchange rates and fast transfers. After that, transfer the money to your GCash account.
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Typically, sending money to the Philippines is faster with WorldRemit, a UK-based remittance platform. From Japan to the Philippines, you can pay with credit cards, make cash transfers, or transfer money from your bank account (and from many other countries worldwide).
Average cost from Japan to the Philippines: Approx. -3%
GCash limits: Varies by bank, On average PHP 300,000 per transfer
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Money transfers from Japan 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 Japan. There may be a delay of two to three days in the processing of bank transfers.
Average cost from Japan to the Philippines: Approx. 0.8% to 3% fixed fee
GCash limits: ¥1,000,000 per transaction
Use Legacy Platforms
Western Union and MoneyGram are two of GCash’s verified worldwide partners, while SBI Remit is the only Japanese partner.
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. Western Union
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Money transfers from Japan to GCash 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 Japan to the Philippines: Approx. -4% + ¥390 fixed fee
GCash limits: ¥1,000,000 per transaction
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After Western Union, MoneyGram is the second-largest money transfer operator in the world and also offers money transfers from Japan 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.
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 Japan to the Philippines: Approx. -1% + ¥700 fee
GCash limits: ¥500,000 per transaction
5. SBI Remit
There is only one Japanese platform with which GCash has partnered, and that is SBI Remit. SBI Remit does not offer good exchange rates or low fixed fees, so we do not recommend it for transfers to the Philippines:
In Japan, SBI Remit offers an online remittance service. In addition to charging high fixed fees, they offer poor exchange rates.
You can calculate exchange rates on their website, but they won’t show you the transparent prices until you prepare to submit your transaction. SBI Remit is not transparent about their exchange rates, so we recommend other money transfer specialists instead.
How to Send Money to GCash With SBI Remit?
Here are the steps you need to take:
- Sign up on the SBI Remit website;
- Login to SBI Remit website;
- Choose GCash as the receiver;
- Write beneficiary’s name and phone number;
- Enter the amount you want to send
- To complete the transaction, click ‘Remit’.
Average cost from Japan to the Philippines: Approx. -1% x-rate + 5% fixed fee
GCash Limits: PHP 100,000
Can GCash be used in Japan?
Yes, GCash can be used in Japan. The GCash App is accepted at merchants that accept JCB cards, which is a major credit card company in Japan. You can also use GCash to withdraw money from ATMs in Japan that accept JCB cards.
2. How do I send remittance to GCash via SBI Remit? . Accessed 1st Jan 2023.
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