In this article, you will get to know about How to Increase gCash Limit in the Philippines? Who Qualifies for the Increase and How to Do It?GCash is a mobile wallet service that provides multiple benefits to its users, with the help of this application individuals are able to make their bills, transfer money, purchase goods, and many other uses. With this wallet, its users set a maximum limit that an individual can be kept in their gCash wallet its limit is set every month. To know about How to Increase gCash Limit in the Philippines, the qualification of the increases, and more, continue browsing this article.
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How to Increase gCash Limit in the Philippines?Who Qualifies for the Increase?How to Do It?
How to Increase gCash Limit in the Philippines?
The GCash users are offered a basic monthly limit of ₱10,000 for fully verified users which can go up to ₱100,000 per month. The fully verified users and enterprise users with multiple linked accounts can receive and cash in up to ₱500,000 per month. Before the user avails of these limits, they need to send a message to THEA and the platinum digital assistant who will verify the request to increase the gCash Limit in the Philippines.
The GCash is a mobile wallet application service with is developed by Mynt a subsidiary of Globe Telecom. This is the most popular mobile wallet with over 76 million registered users in Phillippines. The GCash allows its users multiple uses that include sending and receiving money, buying loads, paying bills, and shopping online. Along with this it also provides multiple other features that include investment, and insurance, which is encapsulated as a fintech app with financial services.
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With these multiple uses GCash services a growth of 6 to 7% in the CAGR representing the strong base for the GDP expansion of digital services in the market. Over 73% of the Phillippines population access the higher usage and it is rapidly growing with 30% of the population. The Philippines has the lowest banking penetration rate through which consumers have to find different ways to access financial services.
To Increase the gCash Limit in the Philippines the users are required to fully verify their GCash account, can cash in, need to link with BPI, Payoneer, Unionbank, or Paypal, and have to open a GSave account with a deposit of 100 PHP. To increase the GCash wallet limit users are required to follow the mentioned steps below:
- Users are required to make sure that their GCash account is fully verified.
- If your account is fully verified then you have to link your bank account or a MasterCard to your GCash.
- As you have completed both of these processes then you will receive a confirmation SMS of your wallet with an increased limit.
After receiving the confirmation SMS you will be successfully able to link your bank account with a higher wallet limit. The user can hold up to 500,000 PHP on a monthly basis.
Who Qualifies for the Increase?
The receive the GCash benefits users are required to fall under the qualified criteria that involve; you need to be prepared with a valid Government ID. Minors and foreigners are required to have some other additional documents.
The increase will be based on the user’s GCredit limit which determines your increase and decreases with your spending with the GCash wallet. To qualify for the Increase gCash Limit in the Philippines the users are required to have the proper documents and linked bank account with their wallet through which the authorities will be able to equip.
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How to Do It?
To Increase the gCash Limit in the Philippines you have to link with the BPI, Payoneer, or Unionbank. Sample your income transaction with cash in additional funds to your wallet with a linked bank account, cash in an outlet, and receive the money from a banking app.
To increase it you are required to come under the federal qualifies and needs to fulfill all the further requirements of the GCash increase. The users just have to qualify and follow the above-mentioned steps to Increase gCash Limit in the Philippines.
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