Remittance
Wise Users Can Now Send Up to PHP 9 Million to the Philippines
Online money transfer service Wise announced that its users can now send up to PHP 9 million (approximately US$161,000) to the Philippines. This is almost 18 times more than what they could send previously. Users can send PHP to any individual
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Pouch Partners Strike for Remittance From the U.S. to the Philippines
Filipino startup Pouch has partnered with Strike, a digital payments platform built on Bitcoin’s Lightning Network, for fast, secure, and low-cost remittance payments from the U.S. to the Philippines. Pouch is a lightning service provider which facilitates connectivity to the
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Gcash Partners Roxe to Provide Affordable Blockchain-Based Cross Border Payments
Blockchain infrastructure company Roxe announced that it has partnered with G-Xchange’s GCash to enable affordable cross-border payments. The partnership connects GCash to Roxe’s blockchain-based payment network, where users from around the world can send funds to GCash’s customers. Roxe says
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Coins.ph and OK Remit to Enable Low-Cost Remittances From Japan to the Philippines
Coins.ph, a Philippines’ digital wallet provider and crypto exchange platform, and Asian Net, a money transfer company in Japan operating under the brand name of OK Remit, have jointly launched the On-Demand Liquidity (ODL) service on RippleNet to enable instant,
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MoneyGram Launches Global Crypto-To-Cash Service in the Philippines
MoneyGram has partnered the Stellar Development Foundation (SDF) with to initiate the roll out of its crypto-to-cash service that is now available in key remittance markets, including the Philippines, Canada, the U.S., and Kenya for the first wave of users.
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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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