BANK of the Philippine Islands (BPI) has teamed up with financial technology company (fintech) TerraPay for remittances, the bank said on Tuesday.
Under the partnership, overseas Filipinos can send money to BPI accounts of their relatives back home through TerraPay’s agents and channels.
“With TerraPay’s reputation in building an expansive and inclusive international financial ecosystem, BPI expects the new partnership to further drive inward remittances,” it added. It is regulated and registered in 25 markets and has teamed up with banks, mobile wallets, money transfer operators, merchants, and financial institutions to facilitate cross-border digital transactions.
“Our priority is to ensure the convenience of Filipinos in sending remittances wherever they are in the world. As we boost our digitalization efforts, we are keen to facilitate easy and quick adoption of remittances across the region in service of consumers seeking secure contactless payments options,” Mr. Cariaso said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank upgrades 2022, cuts 2023 Philippine growth projectionsThe World Bank on Tuesday upgraded its Philippine economic growth forecast for this year, but downgraded its projections for 2023 in line with the anticipated global economic slowdown.
Read more »
Philippine inflation leaps to 14-year high in NovemberPhilippine consumer prices rose more than expected in November, taking the annual increase to a 14-year high of 8 percent, the statistics agency said, exerting more pressure on the central bank to stay on its monetary tightening path. | Reuters
Read more »
Philippine inflation leaps to 14-year high in NovemberMANILA (Updated 9:27 a.m.)— Philippine consumer prices rose more than expected in November, taking the annual increase to a 14-year high of 8.0%, the
Read more »
Chemical Guys Now In The Philippines | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Read more »
Philippine inflation rate hits 14-year high of 8% in November 2022Tough times get tougher for Filipino consumers.
Read more »
Changan PH Inaugurates National Headquarters | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Read more »