Sunday, April 14, 2024

Western Union links up with Landbank for money transfer services

Remittance firm Western Union announced that it has commenced international money transfer at 379 branches of Land Bank of the Philippines, the largest government bank in the country, with expansive reach in rural and remote areas.

Photo credit: International Banker

Strategically located in all 81 provinces of the Philippines, Landbank will offer Western Union Money Transfer services, enabling consumers to receive money from more than 200 countries and territories around the world.

“We welcome Landbank to our family of global Agents. This relationship solidifies our presence in rural areas of the Philippines and helps to connect overseas Filipino workers to their families by giving them more options to receive funds,” said Bassem Awada, Western Union regional vice president for Malaysia, Indonesia, Singapore, the Philippines, and Brunei.

“Facilitating convenience for our customers across the world and broadening access via retail or digital means is important for Western Union. We also know the importance of giving customers the confidence to use reliable and regulated means to send or receive money to nearly anywhere in the world,” added Awada.

Landbank is one of the largest formal credit institutions in rural areas in the Philippines and is recognized for expanding services in areas where banking is either limited or non-existent. It recently announced its acquisition of the Overseas Filipino Bank (OFB), formerly known as Philippine Postal Savings Bank.

“Our agreement with Western Union will allow consumers who transact through Landbank’s extensive network of branches to move money almost anywhere in the world in a fast, convenient and reliable way. This makes it easy for Filipinos, especially those in the rural areas, to connect with the rest of the world,” said Alex Buenaventura, Landbank president and CEO.


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