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GCash launches new service for dollar transfers to Filipino users
Yahoo Financeยท 2025-11-10 09:43
The Philippines' finance app GCash has rolled out the Virtual US Account, a service enabling Filipinos to accept US dollar payments and remittances directly into their GCash digital wallet account. The new service removes the requirement for users to have an American bank account. Meridian Payments US issues and maintains GCash Virtual US Accounts under a "for benefit of" arrangement. GCash noted these accounts do not function as traditional bank accounts and are not considered deposits, meaning they ar ...