I-Remit to Launch Pick Up Anywhere Payment Facility

Pasig—(PHStocks)—Amid a more challenging business environment, I-Remit Inc. (PSE: I) is now evaluating various innovation alternatives that will make use of the latest available technologies to be able to deliver its services to overseas Filipinos and migrant workers of other nationalities. A part of this effort are the investments in information technology hardware and software needed for upgrading the IT infrastructure of the company to ensure that it will be able to continue operating efficiently in providing its products and services to customers.

One of the innovation initiatives that I-Remit completed and will implement is the improvement of the Notify-to-Pay or cash pick-up services that will allow the beneficiaries of remittance transactions in the Philippines to claim the proceeds from any of the branches of I-Remit’s major payout partners.

The years ahead will prove to be very challenging considering the many changes in the financial and banking systems of many countries, including that of the Philippines, because of liberalization and the introduction and adoption of new technologies.

I-Remit is ready to meet these challenges through prudent and sound governance practices, its risk management and compliance programs, investments in technology and people development, and the innovative spirit of its organization to make remittance and, other financial and payment services available to Filipinos and citizens of other countries all over the world.

I-Remit is the largest non-bank Filipino-owned remittance company with the vision to be the ultimate choice remittance service provider globally. It is also the first publicly listed remittance company through its successful initial public offering in the Philippine Stock Exchange. I-Remit currently maintains its presence in 26 countries
and territories throughout the world through its network of more than 1,400 remittance centers globally consisting of subsidiaries, joint ventures, strategic partnerships and tie-ups.