The number of GCash outlets rises from 3,000 to 18,000 in the Philippines with the recent government regulatory approval to expand its remittance network using GLOBE Telecom Inc’s sub-distributors nationwide.

A unit of GLOBE Telecom Inc. has obtained regulatory approval to expand its remittance network using the telco’s sub-distributors nationwide. In a statement, the Ayala-led telco said the Bangko Sentral ng Pilipinas recently approved the request of G-Xchange Inc. to use Globe’s sub- distributors as GCash outlets.

GCash is an “electronic wallet” that allows users to send and receive cash and make payments—including bills, donations and online purchases—through text messaging.

With the approval, the number of remittance-enabled GCash outlets rises to 18,000 thereby making it the largest remittance network in the Philippines.

At present, there are about 3,000 GCash cash-in cash-out outlets nationwide.

Traditionally, the GCash is offered at Globe Business Centers, rural banks, pawnshops and other remittance partners.