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UniTeller teams up with USSC to expand cash pickup services
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Remittance prospects seen positive despite Delta variant
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February 1, 2021 | 12:04 am Advertisement
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DATA from the Bangko Sentral ng Pilipinas showed cash remittances coursed through banks edged up by 0.3% to $2.379 billion in November from $2.372 billion a year earlier. BW FILE PHOTO
THE PANDEMIC is putting more people at ease with digital remittance transactions, paving the way for these firms’ tie-ups with other businesses looking to utilize electronic payments, remittance players said.
“We have experienced a tremendous demand not only from the retail [side] but also for the businesses, for partners,” UniTeller Philippines Country President Noel C. Cristal said in an interview.
Mr. Cristal said some firms have started to tap them for white label services related to remittances.