BPI or the Bank of the Philippine Islands, one of the largest banks in the Philippines, has teamed up with WorldRemit, one of the leading money transfer services in the world, to offer a new app-based remittance service to Filipinos worldwide.
According to Ismail Ahmed, WorldRemit CEO and founder, their partnership with BPI demonstrate their commitment to furthering the service they offer to members of the Filipino diaspora.
“Filipinos in the diaspora will now be able to make secure, instant money transfers from the ease of their phones or personal computers directly to loved ones back home, further supporting the transition from costly offline remittances sent from bricks-and-mortar agents to safer, faster and lower cost online transfer methods,” he said.
This partnership will give Filipinos more options to send their hard-earned money to their loved ones back home.
Send Money Online
With this new app-based remittance service by BPI and WordlRemit, Filipinos won’t always need to go to the remittance center to make their remittance. All they have to do is log in to this remittance app using their computers or smartphones, and they can send their remittance to their beneficiaries easily and conveniently.
Online app-based services are better because they’re safe, fast, and hassle-free. Remitters will also save money because the processing or transfer fees are less compared to offline remittance services.
As what BPI head of inward remittance Melinda Dulay said, “Our focus is to make the experience of our overseas Filipino remitters simpler and easier by providing innovative solutions. The partnership with WorldRemit allows us to continue expanding our international funds transfer service offerings to better serve Filipinos around the world.”
Filipinos worldwide trust WorldRemit
WordRemit has started its operations in the Philippines in September 2011 and WorldRemit customers have since completed 4.5 million money transfers to the Philippines. This made the Philippines the largest receive market for the company globally. On a monthly basis, around 160,000 transactions are now sent to the Philippines via the WorldRemit website or app.
These numbers only prove that Overseas Filipino Workers (OFWs) and other remitters from around the world trust WorldRemit and are happy with their services.
BPI, on the other hand, is also a trusted bank of many Filipinos. With an extensive branch network consisting of over 800 branches and more than 2,000 ATM machines in the Philippines, this also proves that many Filipinos trust BPI.
Undoubtedly, these two giants in the banking and remittance sectors, BPI and WorldRemit, respectively, will provide a much better service for Filipinos.
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