MRCUI launches online remittance

MANILA, Philippines — Tokyo-based Mango Remittance C U Inc. (MRCUI) has launched its online remittance service in the country targeting overseas Filipino workers (OFWs).

The new venture aims to make the day-to-day transactions of OFWs and other clients more efficient and cheaper compared to other methods or entities, said MRCUI CEO and president Jose Jonas Cochico III in a press briefing held recently at the City of Dreams in Parañaque City.

“It is a platform that can be used online  – from consumers’ daily purchases to investors’ trading in ‘real time’ – at a lower cost, while ensuring a secured transaction every time,” Cochico said.

The firm, also being an IT company specializing in remittance and payment/settlement applications, intends to offer a more affordable and practical application to OFWs.

Its application can reduce fees per transaction, Cochico said, noting that 58 percent of Filipinos are internet users.

Cochico said a portion of MRCUI’s fees would also be set aside for social services as part of its social responsibility program to uplift the lives of the poor.