A nationwide federation of cooperatives launched on Tuesday a one-dollar remittance scheme for overseas Filipinos.
Dubbed as National Cash Card program, or simply N-Cash, the new remittance system offers overseas Filipinos a much cheaper option in sending money to their loved ones in the Philippines.
It is a project of the National Confederation of Cooperatives (Natcco) in coordination with the government-owned Development Bank of the Philippines.
Natcco executive officer Cresente Paez told newsmen in a press conference at the project launching at the Asian Institute of Management (AIM) in Makati City that even Filipino TNTs (short for tago ng tago) can avail themselves of the lower remittance fee. [Read more]
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