Metrobank expands remittance service with MoneyGram International
MANILA, Philippines—The Metropolitan Bank & Trust Co. (Metrobank) has partnered with leading global payments company MoneyGram International to extend its money transfer service to Filipinos abroad.
Metrobank was the first MoneyGram agent in the Philippines to implement AgentConnect, a platform integrating the money transfer service with the bank’s system. With this platform, beneficiaries receive cash more quickly and conveniently at any Metrobank branch.
“With our tie-up with Metrobank, our total network has more than 8,100 locations in the Philippines,” said Nick Cunnew, senior regional director of MoneyGram Asia Pacific region. “And with AgentConnect, Metrobank now provides the fastest possible processing time for MoneyGram transactions. Customers are able to receive international money transfers within minutes, based on the bank’s operating hours.”
“As the trusted banking partner of overseas Filipino workers (OFWs), we aim not only to understand but provide solutions to their needs,” said Richard So, senior vice president and head of the International Offices and Subsidiaries Group of Metrobank.
“Being away from their loved ones, it is important to OFWs to be able to send money to the Philippines easily and securely without giving their beneficiaries added hassle. One of the key advantages of this partnership is that the beneficiaries using the MoneyGram service may conveniently claim their proceeds at any of the hundreds of Metrobank branches nationwide,” said So.
For easy remittance through MoneyGram, OFW beneficiaries only to need to complete and submit a “receive” form, along with their valid IDs. Remittances may then be released either in Philippine Pesos or in US. Abroad, the OFWs may send money through MoneyGram’s global network of 233,000 agent locations in 191 countries and territories. For the closest location near you, please log on to www.moneygram.com.
“Beyond remittances, we also tailored products and services such as MetroHome and MetroCar loans, insurance coverage, investment funds, and savings accounts, specifically for OFWs and their beneficiaries,” added So.
Metrobank is the country’s premier universal bank with an extensive consolidated network that spans over 1,300 automated teller machines (ATMs) nationwide, over 575 local branches, and 38 foreign branches, subsidiaries and representative offices.