Pouch partners with Strike to bring instant US remittance payments to Philippines

Pouch, the first lightning service provider in the Philippines, has partnered with Strike, the world’s leading digital payments platform built on Bitcoin’s Lightning Network, to facilitate fast, secure, and low-cost remittance payments from the U.S. to the Philippines.

Pouch has partnered with Strike to make digital payments faster, cheaper, and more accessible for people globally. Customers, including Filipino expats in the U.S., can now send U.S. dollars to the Philippines and have the funds received as Philippine pesos in a recipient's bank or mobile money account.

BayaniPay completes $4.5M Seed Round to deliver pioneering cross-border banking services to Asian American immigrants

BayaniPay, a financial service for global professionals, has raised $4.5 million in seed funding from East West Bank, Wavemaker Partners, and Talino Venture Labs. 

Earlier this year, BayaniPay contracted with East West Bank, the largest independent bank headquartered in Southern California, to offer Filipino American customers banking services, including a Federal Deposit Insurance Corporation (FDIC) insured checking account. East West Bank joins BDO Unibank, the Philippines’ largest bank; Asian Journal, one of the leaders in the Asian American media industry; and Seafood City, the largest Filipino-owned supermarket chain in the U.S., in BayaniPay’s roster of industry-leading collaborators. 

From Manila to Aklan in just a minute: GCash Send Money feature addresses need for faster, more reliable domestic remittance service

It is no secret that sending money from urban centers to the provinces is a massive part of the Filipino culture. People send money for various reasons, but majority of them are for allowances and their families’ daily needs. 

Due to their popularity and the lack of banking facilities in the provinces, people flock domestic remittance centers such as pawnshops to send money to their loved ones in their hometowns. And with the demand for local remittance steadily growing, the lines in remittance centers likewise continue to become longer.

The 2019 Consumer Expectations Survey of the Bangko Sentral ng Pilipinas revealed that cashing out from remittance centers remain to be a pain point for most Filipinos due to very stringent processes and documentation needed that cause long lines that are often very inconvenient for many Filipinos. 

GCash launches the 1st fully Free domestic remittance solution in the PH

Filipinos can now transfer and remit money at Zero Cost, anywhere, anytime within the Philippines by using GCash. Mynt, the company that operates GCash, Philippines’ largest mobile wallet recently announced that, for the 1st time in the Philippines, there is now a totally Free, convenient, fast, and accessible way of sending, and receiving money within the country. 

“We recognize that domestic remittance is a big concern for Filipinos. Today, sending, but also receiving money within the Philippines should be convenient, simpler, faster and… completely Free. This is why we at GCash decided to offer something unique: a totally free solution, open to all Filipinos using the GCash App - No hidden charges, no added fees. With GCash, Filipinos can now send AND receive money anywhere, anytime at Zero Cost,” said Anthony Thomas, Mynt CEO. 

AlipayHK and GCash launch cross-border remittance service powered by Alipay’s blockchain technology

Real-time remittance service made available between Hong Kong and the Philippines   

AlipayHK and GCash today announced the launch of a cross-border remittance service through their e-wallet platforms, powered by cutting-edge blockchain technology developed by Alipay, the online payment platform operated by Ant Financial Services Group (“Ant Financial”, “Ant”). This is the first blockchain-based cross-border digital wallet remittance service globally, offering a fast, secure, convenient, transparent and low-cost way to transfer money directly between individuals in Hong Kong and the Philippines.

Promo starts on May 1, Labor Day Smart Padala gives back to hardworking Pinoys with Padalang Padalow

Starting on May 1, Labor Day, until July 31, consumers can enjoy lower remittance rates from Smart Padala whenever they send money to their loved ones, wherever they are, as the the country’s leading domestic remittance services provider launches its Padalang Padalow promo in honor of our hardworking Filipino workers.

With the enrolment season coming up soon, Filipinos can take advantage of Smart Padala’s low remittance fees to send much-needed money to their loved ones across the country. For padala above P3,000, customers will only pay a nominal fee of 2% of the remittance amount,

instead of the usual 2.5%. For P3,001 to P3,500 padala, customers will only have to pay P70 instead of P87.50; and P5,000 padala for only P100 from P125.

The Padalang Padalow promo can be enjoyed until July 31 through 15,000 Smart Padala partner centers, the biggest network of non-bank money-in and money-out touchpoints nationwide.

Heroes across the sea. What are you willing to do for the people you love?

For Overseas Filipino Workers (OFWs), this question is something they live with every day. Every day, they answer it by spending time away from their families, working in a different world. Every day they choose to help, often at the cost of their own comfort. 

Working abroad requires big changes. It means going out of comfort zones and taking chances far from the convenience of the place they call home. Bringing their talents abroad for the sake of uplifting loved ones back in the country involves dedication, a strong will, and unarguably, a big heart. 

For actor and TV personality Robin Padilla, calling these people “modern day heroes” is not enough for the amount of glory and sacrifice they give to the country. The actor, who is an avid advocate of OFWs, can very much relate to the stories these people tell.

Better Remittance For The Holidays With Smart Padala

Remittance has been a big industry and necessity for us Filipinos with many of our loved ones are working abroad or on far cities which made this a necessity for families to send their to their loved ones. I am also a frequent remittance sender, and I have been into many issues with sending money. Long lines, far branches, slow processing, among some of the inconveniences that I would encounter with every time I send.