September 29, 2020

MoneyGram who has agencies in the Cayman Islands expands service to Philippines

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Dallas-based MoneyGram, who has agencies here in the Cayman Islands, said it has added 30 countries to its direct-to-account service for funds sent to the Philippines.

The service enables customers to send funds directly into their family and friends’ bank accounts at any of the participating 20 banks in the Philippines, including: Banco De Oro, Allied Bank, Asia Trust, Asia United Bank, Bank of Commerce, Bank of the Philippine Islands, China Bank, Citibank, Development Bank of the Philippines, East-West Bank, HSBC, Land Bank, Maybank, Metrobank, Philippine National Bank, Planters Bank, RCBC, Security Bank, Union Bank and United Coconut Planters Bank.

Customers, in addition to the Cayman Islands, can now send funds to the Philippines from Aruba, Australia, Bahamas, Belgium, British Virgin Islands, Brunei, Cambodia, Cyprus, France, Germany, Greece, Haiti, Hong Kong, Ireland, Israel, Italy, Japan, Lebanon, Luxembourg, Maldives, Marshall Islands, New Zealand, Netherlands, Singapore, Spain, Trinidad, Turks and Caicos Islands, and the United Kingdom.

Previously, the direct-to-account service was available only for customers sending funds from the U.S. to the Philippines.

“There is a growing demand for Filipinos living in these countries to send money to their family in the Philippines,” said Nick Cunnew, MoneyGram vice president for Asia Pacific. “To support that demand, our expanded technology helps Filipinos living in these countries transfer funds directly into their families’ bank accounts.”

 

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