| Filipinos, say hello to Remit2Home! |
MANILA, November 7 - The Philippines will now see the advent of a brand new online money transfer service provider – Remit2Home.com, which offers the safe, fast and most affordable way to transfer money from the US to the country.. |
| With remittance receipts of over US$14 billion annually from over nine million Overseas Filipino Workers (OFWs), the Philippines is the primary target corridor for Remit2Home. Inquirer.net, the leading Philippine media conglomerate, is Remit2Home's channel partner in expanding the service to reach Filipino communities in different countries. |
| As a community, OFWs, mirror the profile of NRIs, with software professionals, professors and doctors being in the US, while blue collared workers being centered in locations such as Gulf and Asia Pacific. |
| OFWs sending money to their relatives in the Philippines through Remit2home can direct their deposits to receiver accounts in 37 banks, among them ABN Amro Bank, Allied Banking, Banco de Oro, BPI, Bank of China, Bank of Tokyo, China Banking Corp, Deutsche Bank, DBP, Equitable PCIBank, HSBC, Land Bank of the Philippines, Metrobank, PNB, RCBC, Standard Chartered Bank, Union Bank, UCPB. |
| Mr. Suresh Rangarajan, President, TimesofMoney commented, "TimesofMoney has a state-of-the-art technology platform and an understanding of the global online remittance market. After having achieved stupendous success in India remittances with Remit2India.com, we aim to have global footprints with Remit2Home and be a transnational business.” |
| Remit2Home shall enable multiple modes of sending and receiving money. Customers can send money using their existing bank account and credit card in the US. Their receivers can get money directly into their bank accounts; pick up cash from local branches or as cash delivered right to their doorsteps. Citi will provide the banking backbone and fund transfer processing. |
| The customer just needs to register once, and for free, with Remit2Home.com, provide his US bank details and receiver details, and enter the amount he wishes to send home in US dollars. The transaction booking process is a simple 3-click process. The time taken to deliver the funds, from the time the transaction is booked, is three working days. There is a tiered fee structure based on the amount sent and exchange rates are competitive. |
| There is a one-time mandatory account verification done to ensure that the registered user is the bonafide holder of the account registered. Once, the account is verified, the customer's account registered with Remit2Home is activated and can be used for transactional purposes.
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| TimesofMoney, the leading financial services provider of India recently launched Remit2Home.com, the revolutionary global money transfer service. Remit2Home.com marks the foray of TimesofMoney in becoming a truly global player. Currently, the service shall be available for the United States as a sending country and the Philippines, Bangladesh, Sri Lanka & Kenya as destination countries. |
| Globally, remittances are over $250 billion, with India, China, Mexico and Philippines as the leading remittance receipt countries. While globally, money transfers are routed through bank transfers, dollar checks and money transfer agents, new age channels like Internet are coming of age and increasingly becoming the preferred mode. For more information log on to www.remit2home.com . |
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