Wednesday, 2 November 2011
PHILIPPINES: Metrobank partners with Wells Fargo to provide remittance services to Filipinos
(Source: Datamonitor)Metropolitan Bank & Trust Co., or Metrobank, has partnered with Wells Fargo through Uniteller Financial Services, to provide Filipinos a new way in claiming remittances from their families in the US.
According to Bangko Sentral ng Pilipinas (BSP), the Philippines received $18.76 billion of remittances in 2010, 8.2% higher than 2009. More than 40% of these remittances came from the US. Given the statistics, this remittance alliance gives overseas Filipinos, access to over 10,000 locations where they can remit money to the Philippines.