CEBU, Philippines — Over 3,000 outlets of M Lhuillier will now accept GCash Cash-in and Cash-out (CICO) services, joining GCash mission to provide easy access to financial services to a majority of Pinoys.
Through the expanded partnership, more users across the Philippines will have access to cash-in services of up to P8,000 with no extra fees at any of M Lhuillier’s branches nationwide, said Ren-Ren Reyes, president and CEO of G-Xchange, Inc. (GXI), the mobile wallet operator of GCash.
Cash-out transactions, on the other hand, are subject to a minimum two percent fee for amounts over P8,000.00 per month.
“Our goal is to make Filipino lives easier, more convenient, and more secure. We cannot think of a better way to do this than by teaming up with M Lhuillier, which has been serving millions of Filipinos for decades. We are excited to bring accessible and safe cash-in and cash-out services to more Filipinos through this partnership. With its extensive coverage in the country, we are looking forward to further increasing our customer base so that more users can enjoy safe, secure, and hassle-free cashless transactions daily,” noted Reyes.
Likewise, the introduction of GCash CICO services at M Lhuillier is poised to benefit its customer base. This partnership marks M Lhuillier as one of the foremost collaborators with GCash, amplifying its range of services, especially concerning money transfers and various other financial offerings.
“This collaboration further strengthens our position as a trusted and innovative financial service provider in the country. We look forward to empowering more people with seamless access to digital transactions and contributing to the financial inclusion of more Filipinos. We are excited to embark on this journey of transforming how people manage their finances. Our shared vision and dedication will enhance the accessibility and convenience of financial services across the country,” said M Lhuillier president and chief executive officer (CEO) Michael Edward Lhuillier.
Together with its partners, GCash continues to work for a future where financial services are accessible for every Filipino, especially the unbanked and underserved sector, as the nation shifts into a cash-lite society.
“Our strengthened partnership with M Lhuillier is in line with our vision of achieving ‘Finance for All’. Together, we enable more Filipinos across the country to have access to innovative digital financial solutions when they cash in, such as fair lending, savings, insurance, and other digital lifestyle hacks,” noted Reyes. — (FREEMAN)