Tuesday, 5 October 2010

PHILIPPINES: Banco de Oro expands remittance network

MANILA, Philippines - Wells Fargo & Co. and Banco De Oro Unibank Inc. (BDO) has forged a money transfer or remittance alliance designed to make it easier and faster to receive remittances from overseas Filipinos.

San Francisco-based Wells Fargo is known for its ExpressSend money transfer service while BDO has BDO Remit as its remittance service brand.

With the team-up, Wells Fargo account holders can send remittances to beneficiaries in the Philippines through a Credit to BDO account (in pesos) or via Cash Pick up Anywhere at BDO’s nearly 2,700 remittance pick up locations all over the Philippines. Read more

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