Remittance
PERA HUB Join Forces With Brankas to Launch Digital Remittance Platform
Philippines’ financial services center PERA HUB has joined forces with Brankas, an Indonesian open API technology provider, to launch a digital remittance platform, PERA HUB Conex. The platform serves foreign and local remittance companies, fintech partners, banks, e-wallets, brick-and-mortar retailers,
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UnionBank Offers in-App Western Union Remittance Service in Real-Time
Union Bank of the Philippines teams up with Western Union and its agent in the Philippines PERA HUB for a seamless and reliable way to receive remittances in real time through the bank’s app. Western Union has more than 550,000
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GCash Partners Ayannah To Roll Out New Remittance Service ‘GCash Padala’
Mobile wallet GCash has partnered with leading fintech Ayannah, a Filipino fintech startup that provides affordable and accessible digital financial services, to launch GCash Padala. The new remittance service will allow GCash’s more than 40 million users to send money
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Philippines’ Outdated Outward Remittance Processes is Overdue for Revamp
As Asia’s third largest recipient of remittances, the Philippines relies heavily on money sent home by around 10 million Filipinos who live and work overseas. In 2019, personal remittances accounted for 9.3% of gross domestic product, according to Bangko Sentral
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MoneyGram and PayMaya Ties Up for Real-Time Payments Using Visa Direct
MoneyGram, a provider of cross-border P2P payments and money transfers, announced a partnership with PayMaya Philippines to enable real-time payments with Visa Direct. The new digital capability will allow customers to send money from the United States to the Philippines
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Fintech Startups Make Moves in the Philippines as Remittance Inflows Recover
With lockdowns easing up, Filipinos based abroad are back at sending money home. According to data from ING, overseas Filipinos are defining expectations, sending a total of US$2.78 billion worth of remittances back to the Philippines in July, representing a
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Manny Pacquiao to Launch Digital Payment Platform PacPay
Pac Technologies, co-founded by boxing world champion Senator Manny Pacquiao, aims to launch PacPay, a digital payment platform this year. The company will be collaborating with Remsea, a fintech remittance firm licensed by the Monetary Authority of Singapore for the
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UnionBank Rolls Out 11,000 Cash Out Options Nationwide
UnionBank recently rolled out more cash-out options for customers via 11,000 remittance counters across the Philippines, including in rural areas where most of the unbanked and underserved population are located. Recognizing that sending funds to families and relatives living in
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Dubai-Based RAKBANK, BDO and Ripple Teams up for Remittance to the Philippines
Dubai-based bank RAKBANK recently enhanced its current remittance footprint in the Philippines by partnering with BDO Unibank, a full-service universal bank in the Philippines. The Bank’s RAKMoneyTransfer (RMT) services will now enable customers to make instant, frictionless, and secure money
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Azimo and Ripple Teams Up for Cross Border Remittance to The Philippines
Azimo, a European based money transfer service, announced today that it has partnered with Ripple, the enterprise blockchain solution for global payments. Azimo has launched its first service using Ripple’s On-Demand Liquidity solution (ODL) to send faster and cheaper cross-border
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