17 Jul



TrueMoney partners with WorldRemit to launch instant money transfers to the Philippines

Filipinos abroad can now send money instantly via WorldRemit for cash collection at thousands of TrueMoney centers across the Philippines We are delighted to be adding an innovator like TrueMoney to our partner network. It will give our customers an even wider choice. In particular, it will enable those who live outside major cities and towns to receive international money transfers safely and securely.”“We are very excited to be partnering with WorldRemit. Through this partnership, overseas Filipino workers can now make secure and fast money transfers to the Philippines in just a few clicks directly from their mobile devices. Funds will be available for collection at our network of more than 14,000 receiving TrueMoney Centers nationwide.”“Both TrueMoney and WorldRemit also share a passion for true financial inclusion. This tie-up will enable Filipinos living in urban areas like Manila and Cebu, as well as harder-to-reach areas such as Albay and Misamis Oriental to easily receive remittances from more than 50 countries.”The launch of the international remittance service is a strategic priority for TrueMoney in the Philippines, as according to the latest report from the World Bank, the Philippines ranks third in the world for receiving remittances, totalling an estimated $33 billion in 2017, after India and China. We have been offering domestic remittance in our network since a year ago in the Philippines; we now open up our extensive network of branches for international remittance.” 

Source: 
WorldRemit

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