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Business

BDO is now WorldRemit’s largest remittance partner

Lawrence Agcaoili - The Philippine Star

MANILA, Philippines — BDO Unibank Inc. is now the largest partner of global digital money transfer service provider WorldRemit, as remittances from overseas Filipino workers (OFWs) are expected to hit record levels with the reopening of economies from strict COVID-19 lockdowns.

Earl Melivo, country director for the Philippines of WorldRemit, said the country’s biggest bank is now the company’s largest partner in terms of volume under its partnership for the past 10 years.

“We’ve been privileged to partner with BDO for many years. Together, we have built a trusted pathway for OFWs to send money home to friends, family and loved ones,” Melivo said.

BDO Kabayan Savings is the flagship financial solution which BDO Remit offers to overseas Filipino workers (OFWs) and beneficiaries to help build a secure future.

By having a BDO Kabayan savings account, OFWs and their families could start building credit history with BDO, making it easier for them to apply for a car, home, or business loan in the Philippines.

Both BDO and WorldRemit are committed to relentlessly supporting OFWs by providing them with the best services they can offer.

WorldRemit is an organization dedicated to providing fast, easy and secure money transfer services to people all around the world. By allowing immigrants to quickly send and receive funds from loved ones, people are able to stay close and connected to family no matter how far apart they may be.

“WorldRemit is dedicated to helping our customers stay connected to those they love – regardless of distance – and helping their friends and family realize their dreams of a brighter future,” Melivo said.

Melivo said the Pangkabuhayan package would provide many of these families the financial education they need to build long-lasting business skills for generations to come.”

BDO Remit head Genie Gloria said the initiative would certainly change the lives of winners who went through tough times at the height of the global pandemic.

“Our OFWs and their families deserve to have a better life with all the sacrifices that they have made. It’s hard to be away from your loved ones, and the pandemic has made the situation even tougher for them. My appreciation to WorldRemit for their readiness to help,” Gloria said.

BDO and WorldRemit partnered with rice retailer and franchisor Grainsmart to give away pangkabuhayan packages worth P250,000 each to two qualified BDO Kabayan Savings account holders to honor the sacrifices of Filipinos working abroad and enabling them to further invest in their communities.

Edith Gueco, one of the 2022 Remit to Win winners who is  working in Kuwait is set to receive in-depth training from Grainsmart’s highly skilled employees, providing the knowledge needed to successfully run a franchise business.

BDO

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