Written by ANC News
Wednesday, July 30, 2008 03:10 PM Attention, open in a new window. PDFPrintE-mail
Philippines
Manila, Philippines -Telecommunications firm GLOBE today launched the world's first ever card-less and real-time mobile phone remittance service that would allow overseas Filipino Workers to send money to their loved ones at affordable fees.
Globe's new remittance service will involve the use of G-CASH and will be done in partnership with Western Union, the world's largest money transfer network.
Filipinos overseas can now go to any Western Union Office to send their mobile money transfer to the Philippines at a charge of a little over US $4 per transaction, a far cry from the 15 to 20 dollar charges in other modes of remittance.
But because the new service involves the mobile phone, remitters can send just 100 dollars or less. Source
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