How To Send Money From India to the Philippines Through GCash

GCash is one of the most popular mobile wallets in the Philippines. But to make the most of GCash's products and services (such as sending pesos to friends, accessing GCash loans, and shopping at the GCash marketplace), you must convert your Indian rupees into Philippine pesos.

Services like Skrill, Instarem, Western Union, or Xoom enable you to easily send Philippine pesos to GCash from India to the Philippines. Find the cheapest and fastest service using Monito’s live comparison tool below 👇

Digital Platforms

The best way to send money to the Philippines is through a digital transfer service. GCash has unfortunately only partnered with one online money transfer specialist that operates in India: Skrill.

While Skrill is a solid option, Wise and Instarem were cheaper for sending money from India to the Philippines. But since Wise and Instarem are not GCash partners, you will not be able to use them to send money directly to your account.

If you want to save money, then you will first have to make an international transfer to your bank in the Philippines with Wise or Instarem. Then, do a domestic transfer over to your GCash account But if you prefer the convenience of directly remitting your money from India to your GCash account, then using Skrill will be your best bet.

1. Skrill

Skrill is a world-famous mobile payments app and remittance platform that's the most direct and easy way to send money from India to your GCash account. Card payments and bank account transfers are supported from India to the Philippines (and from many other countries worldwide, including from the UK, the EU, and Australia).

• Avg. cost from India to the Philippines: Approx. -4%
• GCash limits: US$1,000 for bank transfers and US$2,500 for credit card transfers
• More info: See our full Skrill review or visit the website.

2. Wise

Wise is also a UK-based money transfer service offering the best exchange rate from India to the Philippines. It is often the cheapest way to send money from India, although Wise does not support cash transfers. Bank transfers may take up to 2 to 3 days.

Wise is not a GCash partner, so you must first make a standard bank transfer to the Philippines. Then you may transfer that money to your GCash account.

• Avg. cost from India to the Philippines: Approx. 0.8% to 3% fixed fee
• GCash limits: Approx 19,000,000 INR per financial year
• More info: See our full Wise review or visit the website.

3. Instarem

Instarem has headquarters in Singapore and in India, offering good exchange rates from India to the Philippines. It is also one of the cheapest international money transfer providers for rupee transfers to the United States, Canada, the Eurozone, and the United Kingdom.

Like Wise, Instarem is not a GCash partner. Use them to first make an international bank transfer to the Philippines, and then transfer that money to your GCash account.

• Avg. cost from India to the Philippines: Approx. 1% to 2%
• GCash limits: USD 3,000 equivalent per transaction
• More info: See our full Instarem review or visit the website.

Worldwide Legacy Platforms

GCash has partnered with two verified worldwide partners: Western Union and MoneyGram. You may use these services to send money directly to GCash. Although legacy platforms are usually more expensive than online digital platforms, they offer decent exchange rates. The size of the fees charged will largely depend on how much money you are transferring, which is why we recommend you compare money transfer providers before every new transfer to the Philippines.

Let's go over the leading platforms in this category:

4. Western Union

Western Union is the largest and oldest money transfer operator on the globe, offering money transfers from India to the Philippines (and from dozens of other countries across the globe).

To send money to GCash, you can go to Western Union online and follow the steps under "Send money to mobile wallet." Or, visit a Western Union branch and fill out the send money form. Write your beneficiary's name as registered on GCash and their GCash account number (09XXXXXXXXX format).

• Avg. cost from India to the Philippines: Approx. 2-4% + a fixed fee
• GCash limits: 200,000 INR per transfer
• More info: See our full Western Union review or visit thei website.

5 . MoneyGram

After Western Union, MoneyGram is the second-largest money transfer operator in the world and also offers money transfers from India to GCash Philippines.

To send money to GCash, you can go to MoneyGram online and follow the steps under "How to send your remittance to a mobile wallet." You can also visit a MoneyGram branch and fill out the send money form. Write your beneficiary's name as registered on GCash and their GCash account number (09XXXXXXXXX format).

• Avg. cost from India to the Philippines: Approx. 2% + a fixed fee
• GCash limits: $10,000 equivalent every 30 days
• More info: See our full MoneyGram review or visit the website.

How to Send Money From India to the Philippines Cheaply

When you need to remit money home to the Philippines, you will need to make an international money transfer. Banks in India, such as ICICI Bank and Kotak Bank, offer this kind of service but for a high price.

Traditional money transfer companies like MoneyGram and Western Union operate in India and are often better options than banks.

The best solution, however, is with an online international money transfer specialist. While Skrill was not the cheapest service from India to the Philippines, it is a direct partner with GCash, meaning that you will be able to use them to easily transfer your money from India to GCash.

Otherwise, the cheapest services we found on Monito for transfers from India to the Philippines in 2022 were Wise and Instarem. Since rates often change, run a search on our comparison engine below for real-time results of the best transfer services today:

References Used In This Guide

1. Getting started. GCash. Accessed 29 August 2022.