Advertisement

BPI teaming up with WorldRemit

Bank of the Philippine Islands, the fourth-largest bank in terms of assets, has teamed with leading digital money transfer service WorldRemit to enable millions of Filipinos working overseas to send money easily to their relatives in the Philippines.

WorldRemit customers send almost 700,000 transfers every month to over 140 destinations around the world. The company is currently processing 74 percent of all transfers to mobile money accounts coming from money transfer operators, according to 2016 GSMA data.

BPI, meanwhile, has been a long-time champion of financial inclusion and pioneered much of the rural banking seen across the Philippines today. Its extensive branch network has over 800 branches and over 2,000 ATMs in the Philippines.

WorldRemit customers since starting its operations in the country in September 2011 have completed 4.5 million money transfers to the Philippines.

Topics: BPI , WorldRemit ,
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementKPPI
Advertisement