China Bank links up with SM for remittances

MANILA, Philippines - China Banking Corp. (China Bank) has forged ties with SM Global Pinoy Center, a specialized all-in-one convenience stop offering various exclusive services, perks, and privileges for overseas Filipinos and their beneficiaries. Open seven days a week until 8 p.m., remittance beneficiaries can conveniently claim their China Bank On-Time Remittance from any SM Global Pinoy Center in 28 SM Supermalls nationwide. Beneficiaries have several options for cash pay-outs, including any China Bank branch, or from any branch of the Bank’s domestic remittance tie-ups: M. Lhuillier, Cebuana Lhuillier, One Network Bank (ONB), and Palawan Pawnshop. China Bank now has a remittance network of over 4,000 branches and partner cash payout outlets in the Philippines, complementing the over 1,200 locations worldwide where Filipinos abroad can send their remittances to their loved-ones in the Philippines. China Bank On-Time Remittance is also available for direct credit to the beneficiary’s China Bank account or account in other banks, can be loaded in a China Bank On-Time Remittance Card or China Bank Smart Money Card, or sent via door-to-door delivery. China Bank is also enhancing its remittance services, launching the Overseas Kababayan Savings (OKS) account in 2011, and soon, a whole range of products to address the varied needs of the OFW segment.