RCBC Telemoney ramps up overseas expansion to grow remittance business

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Rizal Commercial Banking Corp. (RCBC) is poised to grow more partnerships in France, Jordan, and North America, to make remittances more convenient for Overseas Filipino Workers (OFWs). RCBC Head of Retail Cash Management Segment Alvin Perez said the Yuchengco-led universal bank is ramping up efforts to grow its remittance business through…

Rizal Commercial Banking Corp. is poised to grow more partnerships in France, Jordan, and North America, to make remittances more convenient for Overseas Filipino Workers .

Aside from France, Jordan and North America, RCBC has reached out to potential partners in Singapore, Vietnam, Australia, New Zealand, Germany, and more countries in Europe. In terms of remittance, Telemoney grew its transaction count by 39 percent versus the same period last year, resulting in a 12-percent growth in fee revenue.

 

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