DOLLAR remittances can now be received directly via a local dollar account or via dollar cash pick-up in a bank branch after BDO Unibank Inc. expanded its partnership with international money transfer firm WorldRemit Ltd.
The local bank announced last Monday it expanded the partnership with the London, United Kingdom-based firm to provide more channels of receiving US dollar payouts in the country.
The expanded partnership, in particular, allows recipients of money transfers in the Philippines to receive payments straight to their US dollar account with BDO or for US dollar cash pick-up at BDO Unibank branches. They can also receive the payout via the “BDO Remit” counters inside the SM shopping malls and Villarica pawnshops.
The extended partnership will also enable customers to make transfers to any Philippine-peso Unibank account or receive the transfer in cash at any BDO branch, BDO Remit counters inside The SM Store, SM Business Services branches, Villarica and RD Pawnshops in the Philippines.
“Customers can now send money in real-time or for cash payout through our branches. This will also make it easy for our customers with US dollar accounts to top-up their savings,” BDO Unibank Senior Vice President Genie T. Gloria was quoted in a statement as saying.
BDO has been in partnership with WorldRemit since 2014.
“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 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,” WorldRemit Philippines Country Director Earl Melivo said.
Read full article on BusinessMirror
