We believe money transfer providers have a mission to deliver inclusivity and convenience to customers. At Xpress Money, our aim has always been to bring financial inclusion to the largest possible audience, and to constantly innovate new ways of making money transfers faster and hassle-free.
It is with this ethos in mind that we’ve extended our partnership with Banco De Oro (BDO) – the largest banking brand in the Philippines – to enable Instant Account Credit Services for receivers in the country. This new service builds on the existing Cash Pickup services that are already available to customers in the country.
Now, when Overseas Filipino Workers (OFWs) visit an Xpress Money outlet in their country of residence, they have the option to choose a bank account to credit when sending money home to friends and family. The transaction is processed in real-time, and the target account is credited instantly.
For receivers, our new service means there is no need to queue up and pick up cash physically. Receivers can head to their nearest ATM to withdraw money from their account, or use online banking services to pay bills directly. BDO’s ATM network means cash is available and accessible 24/7.
There are other perks too. Senders get an SMS confirmation when their money is credited in the account, and cancelled transactions are refunded fully.
The Philippines, being the 3rd largest receiver of remittances in the world, is a very important market for Xpress Money, and we’re always looking at ways of rewarding our customers there. With 13,500 plus branches countrywide, Xpress Money has built the Philippine’s largest network of outlets, branches and partners, which means there’s always an outlet within easy reach.
In addition to making money transfers more convenient, Xpress Money regularly runs promotions and reward schemes for remitters overseas as well as receivers in the Philippines.
And of course, Xpress Money customers will continue to enjoy zero back-end charges for receiving money. There are absolutely no hidden charges.
All of us at Xpress Money wish a very happy new year to our Filipino customers, both in the country and those residing outside. We promise to continue innovating ways of serving you better in 2017 and beyond.