Belgian firm signs pact with Globe’s G-Cash on int’l remittance

Close to 10 million overseas Filipino workers (OFWs) stands to benefit after Belgacom International Carrier Services (BICS) forged an agreement with G-Xchange (GXI) to expand the latter’s services using BICS HomeSend Remittance Hub.

This means subscribers of any mobile operator connected to HomeSend can transfer money electronically via a cellular phone to a GCASH subscriber. BICS is among the world’s top 5 wholesale voice carriers, servicing over 500 wireless, wireline and service providers through sales offices in Brussels , Bern , Dubai , Singapore and New York.

Three corridors will initially be launched in the coming weeks, namely between Belgium , UK and USA , and the Philippines , but will be extended towards other sending markets with large numbers of overseas Filipinos in the future.

Some 7.9 million Filipinos work in the USA. The U.K. has 777,000 OFWs while Belgium has 12,700.

IAMTN: This initiative may take time to develop as most of the entries are in BGP.