Digital finance makes sending money back home easier | BMPlus

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Mobile payment wallets have become a vital part of the Southeast Asian consumer landscape, providing financial access for millions of previously excluded people. Know more:

countries that receives the highest amount of personal remittances on an annual basis.

“Transparency is extremely important to us and our customers. The WorldRemit app allows customers to track their transfer and reassures them that they are getting great value with no hidden costs or additional fees,” said Earl Melivo, Country Director for the Philippines at WorldRemit.WorldRemit makes it easier for OFWs, one of the highest contributors to the Philippine economy, to send funds to their families back home from nearly anywhere in the world.

Overseas workers are no longer limited to the physical constraints and accessibility of conventional remittance processes through brick-and-mortar retailers. With WorldRemit, senders simply need to download the app to begin the transfer process, while recipients only require a phone number and email address for notification purposes.

Before completing transactions, senders are shown the full amount the recipient will receive and any fees, so they can be assured that their loved ones get the correct amount of money with no hidden costs. Additionally, WorldRemit makes conversion hassle-free with its in-app exchange rates updated in real-time.

Depending on the location of the sender, overseas Workers can conveniently send remittances to mobile wallets, bank accounts, or as a mobile money top-up. WorldRemit also has cash pick-up available at over 25,000 locations in the Philippines.

 

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