Tuesday, 10 November 2009

PHILIPPINES: Remittance through Philpost in early 2010

EARLY next year, most overseas Filipino workers (OFWs) can send their remittances to their families in the country in seconds, and with cheaper rate compared with other remittance centers.

This will be made possible by the Philippine Amusement and Gaming Corp., (Pagcor) donation of at least P20 million to the Philippine Postal Corp. (PhilPost) for the improvement of the latter’s information-technology infrastructure.

Postmaster General Hector Villanueva said in an interview that PhilPost will use the money to buy computers to develop its remittance service to at least 100 post offices nationwide, including cities and municipalities in Metro Manila, Davao, Cebu, Cagayan de Oro and Zamboanga, among others.

“We handle 1 million letters a day. Many of the letters contain small denominations of foreign currency. [Through the Pagcor donation] we will purchase P20 million worth of hardware, accessories and software to computerize 100 post offices in major provincial cities in and outside the metropolis,” Villanueva said at the sidelines of PhilPost’s 111th
anniversary celebration at Manila Central Post Office. Read more


  1. Kathleen Enriquez9 December 2009 at 08:48

    It's nice to know that the send money Philippines industry or what is commonly known as the Philippine remittance is still alive and climbing up. Thanks to PAGCOR for this effort to improve the system. The money transfer Philippines transfer will now be faster and worry-free.

  2. i'm hoping and praying that the Post Office will be successful in these plans. Its nice to know you are upgrading your services and also competing with other remittances companies here. God bless PhilPost!!!