Payment systems operator Pouch has partnered with digital payments platform Strike to facilitate remittance payments from the United States to the Philippines. READ:
PAYMENT SYSTEMS operator Pouch has partnered with digital payments platformThrough the partnership, customers including Filipino migrants in the US can now send dollars to recipients in the Philippines and have the funds received in local currency.
“With Pouch’s partnership with Strike, we are revolutionizing the way cross-border payments are made, empowering people to easily send money to their loved ones back home. We are proud to be a part of building the world’s most powerful payment network for global transactions,” he added.ve global remittance markets in the world as many Filipino families rely on money sent home to cover household expenses. But the average transaction fee is about 4.57% of the total value.
“We’re excited to partner with Pouch to advance financial inclusion and bring fast, low-cost cross-border payments via the Lightning Network to the Philippines. Our technology allows us to both improve on the existing cross-border experience and include those that have previously been excluded by legacy payment rails,” he added.
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