Wednesday 19 September 2007

Philippines: iRemit opens second European unit

iRemit, Inc., the remittance firm up for listing with the Philippine Stock Exchange next month, has opened its second European subsidiary on September 16 in Vienna, Austria.

According to company estimates, there are currently 30,000 Filipinos, mostly female nurses, working in Austria.
iRemit is the largest Filipino-owned nonbank remittance firm in the Philippines. It entered the market in 2001 and has kept its business growing with the help of its 24-hour, bank-to-bank service transactions and remittance through VISA debit card.

It currently operates in 24 countries in the Asia-Pacific region, Europe, Middle East and North America. [Read more]

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