BDO unit expands partnership with WorldRemit


Genie Gloria, senior vice president and head of BDO Remit, said the bank has been expanding its partnership with WorldRemit since 2014.

MANILA, Philippines — Sy family-led BDO Unibank Inc. has further strengthened its partnership with leading international cross-border payment company WorldRemit to give overseas Filipino workers (OFWs) more channels to send money to their loved ones in the Philippines.

“It is a company that shares our values and commitment to the overseas Filipino market. Customers can now send money through the WorldRemit app or website directly to BDO Unibank dollar accounts in real-time or for cash payout through our branches. This will also make it easy for our customers with dollar accounts to top-up their savings,” Gloria said.

Through the partnership, recipients of money transfers in the Philippines can now receive payment straight to their dollar account with BDO or for dollar cash pick-up at BDO Unibank branches, BDO Remit counters inside the branches of SM Store & SM Business Services, and Villarica Pawnshops.

BDO has the largest branch and ATM network in the Philippines and is part of the SM Group that owns the biggest mall and supermarket/groceries chain in the country. It has over 1,400 branches and more than 4,400 ATMs nationwide.

Aside from receiving money via dollar account and cash pick-up, customers can also make transfers to any peso account or receive cash at any BDO Unibank and BDO Network Bank branches, BDO Remit counters inside SM Store and SM Business Services branches, as well as Villarica and RD pawnshops all over the country.

WorldRemit country director for the Philippines Earl Melivo said the company is delighted to broaden its 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 US dollar bank accounts in the Philippines and BDO Remit cash pick-up locations will give our customers more flexibility and options to receive support from their loved ones abroad,” Melivo said.

WorldRemit users can send money from over 50 countries, including the US, the United Kingdom, 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.

Source: Phil Star