UBX powers cross border remittance between SG and PH

UBX, the leading open finance platform in the Philippines, is enabling more than half a million overseas Filipinos in Singapore to make digital cross-border remittances through its widest network of access points at more affordable rates. 

Through a partnership with ThitsaWorks, a fintech backed by the Monetary Authority of Singapore, UBX will provide the necessary digital infrastructure for international remittances between Singapore and the Philippines via its banking-as-a-service venture i2i. 

While many remittance options exist for overseas migrant workers in Singapore, options to reach rural areas where many workers' families live are complicated, expensive, and slow.