WorldRemit, a leading international cross-border payments company, has expanded its longstanding partnership with BDO Remit—the remittance service brand of BDO Unibank that has the most expansive branch network in the Philippines.
Through this partnership, recipients of money transfers in the Philippines can now receive payment straight to their USD account with BDO Unibank or for USD cash pick-up at BDO Unibank branches; BDO Remit counters inside the branches of The SM Store & SM Business Services and; Villarica Pawnshops.
“We’re delighted to broaden our partnership with such a reputable brand and payout network as BDO to offer a comprehensive payout service. Ensuring our customers are able to transfer money to family and friends back home conveniently, safely and as quickly as possible is why we exist. We’re confident that making it possible to send money to USD bank accounts in the Philippines & BDO Remit cash pick-up locations will give our customers more flexibility and options to receive support from their loved ones abroad”, said Earl Melivo, Country Director for the Philippines at WorldRemit.
WorldRemit users can send money from over 50 countries including the US, UK, Canada and Australia, to more than 150 destinations. Depending on their receiver’s location, customers can choose from multiple payout methods including bank deposits, mobile wallets, cash pick-up and mobile airtime top-up.
BDO Unibank has the largest branch & ATM network in the Philippines and is part of the SM Group, which owns the biggest mall and supermarket/groceries chain in the country. BDO Unibank has over 1,400 branches and more than 4,400 ATMs all over the country (including BDO Network Bank – BDO Unibank’s rural bank subsidiary).
Aside from receiving money via USD account & cash pick-up, customers can also make transfers to any PHP Unibank account or receive PHP cash at any BDO Unibank and BDO Network Bank branches, BDO Remit counters inside The SM Store & SM Business Services branches, Villarica and RD Pawnshops in the Philippines.
Genie Gloria, Senior VP and Head of BDO Remit added, “BDO Remit has been in partnership with WorldRemit since 2014. It is a company that shares our values and commitment to the overseas Filipinos market. Customers can now send money through the WorldRemit app or website directly to BDO Unibank USD accounts in real-time or for cash payout through our branches. This will also make it easy for our customers with USD accounts to top-up their savings”.
According to the Bangko Sentral Ng Pilipinas (BSP), Filipinos overseas sent over $33 billion back home in 2020 (almost the same level as 2019).
We’re a leading global payments company. We disrupted an industry previously dominated by offline legacy players by taking international money transfers online - making them safer, faster and lower-cost. We currently send from 50 to 130 countries, operate in more than 5,000 money transfer corridors worldwide and employ around 1,200 people globally.
On the sending side WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up and mobile money.
Backed by Accel, TCV and Leapfrog – WorldRemit’s headquarters are in London, United Kingdom with regional offices in the United States, Canada, Australia, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe and Belgium.
About BDO Remit
BDO Remit is the global remittance service brand of BDO Unibank, the bank with the largest distribution network in the Philippines with over 1,400 branches & more than 4,400 ATMs nationwide (including BDO Network Bank).
Overseas, BDO Unibank has full-service branches in Hong Kong & Singapore while BDO Remit has 14 subsidiary and representative offices in other countries. BDO Remit has subsidiary offices located in Hong Kong; Macau; Tokyo; Daly City in the US; Toronto in Canada as well as in London, UK; while its representative offices are located in Beijing, Taipei, Seoul, Dubai, Paris and Milan.
More than BDO Remit’s role to transmit remittances from Filipinos overseas to their beneficiaries in the Philippines, the brand strives to uplift the market through innovative product and service offerings, special events & promos, as well as financial literacy talks aimed at helping them manage their hard-earned money. This is made possible through BDO Remit’s flagship product – BDO Kabayan Savings – the heart of its service to the overseas Filipinos and their beneficiaries. Through BDO Kabayan Savings, customers can save from the remittances they receive from almost anywhere in the world, which are delivered in their accounts fast, safe and convenient. BDO Kabayan Savings also has free life & accident insurance for remitters – a long-term benefit that aims to protect their family’s future.
For more information, visit bdo.com.ph or BDO Kabayan Facebook page.
This is a good news,BDO has been a long and trusted bank company ,that I truly believeReplyDelete
Ang galing nito. OFWs can send money with ease lalo na sa mga BDO account holders. 😊 Hindi na rin mahihirapan ang fmailies kasi sa bank account na agad diretso.ReplyDelete
Goodnews ito Mommy.. GALING talaga ng BDO👏👏👏Mas madaming maabot👍 hassle free pa..ReplyDelete
wow such innovation is a must...a hassle free kind of money remittance service is just click away.Good job BDO.ReplyDelete
Super trusted tlga ang BDO, ang daming branches all over the Philippines and ang kagandahan, my friend send me payment thru BDO, cashless no hassle and yet free of charge. Kaya sa BDO na tayo.ReplyDelete
Kudos to BDO mas pinadali na for OFW families. 😊👏ReplyDelete
That's how big their trust to BDO is. As the leading bank in our country too, I will always choose to trust BDO for me and for my kids saving accounts.ReplyDelete