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Globe taps Speed Remit as 65th international remittance partner

Praveen Chandirami, chief executive officer of Speed Remit, shakes hands with Rizza Maniego-Eala, president of G-Xchange, Inc. while Paolo Baltao, product group Head of GXchange, Inc. looks on.

MANILA, Philippines - G-Xchange, Inc. (GXI), a fully-owned mobile commerce subsidiary of Globe, is further enlarging its international remittance business through the recent collaboration with Speed Remit, a leading global money transfer network with 50,000 locations around the world. Speed Remit is GXI’s 65th international remittance partner.

Focusing on network building by striking long-lasting and profitable relationships with their partners, GXI and Speed Remit aim to bring money transfer service within the reach of every individual worldwide.

At present, about 10 percent of the total Philippine population is living and working abroad, thus, the tie-up between GXI and Speed Remit would be primarily beneficial to overseas Filipino workers (OFWs) who are looking for a more viable alternative in remittance services aside from traditional channels.

OFWs can easily drop by any of Speed Remit outlets since the vast network of Speed Remit covers markets with large Filipino communities such as United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, USA, Canada, UK, and Hong Kong among other countries.

Speed Remit customers can send money to the Philippines which can be claimed through any of the more than 18,000 GCASH Remit cash-out outlets. GCASH Remit is the cash pick-up service of GXI and is the largest remittance network in the country.

GXI’s widespread presence in the rural areas puts it in a strategic position to serve the needs of OFW families who require remittance outlets which are closer to their homes. With more choices for cash pick-ups, beneficiaries can conveniently get their money at any accredited GCASH Remit establishment such as Globe stores, pawnshops, loading stations, among others.

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