Western Union and TrueMoney help Filipinos receive remittances

Source: IBS Intelligence 2020-07-22

Western Union announced its collaboration with TrueMoney today which benefits Filipinos to receive remittances from all around the world. TrueMoney is a financial services provider in the Philippines. Customers will initially be able to receive money at select TrueMoney locations, easily identifiable by the Western Union signage indicating service availability, and eventually at more than 5,000 locations across the country.

“At Western Union, we are committed to doing everything we can to serve our customers and communities, here in the Philippines and across the world,” said Jeffrey Navarro, Head of Network, Philippines, Malaysia, Brunei & Indochina, Western Union. “We are continuously adapting our operations and business, to offer customers the best service and experience. We are excited by the launch of our service with TrueMoney, enabling customers to now access money transfer services at more locations across the country.”

The Philippines was the world’s fourth-largest remittance-receiving country in 2019, according to the World Bank. Western Union serves customers from a large network of agent locations offering convenience to customers in the country. Customers are advised to check the agent locator link for the status of the nearest locations.

“With the speed at which things are changing around us, we are dedicated to serve our customers, facilitating reliable and convenient money transfers for them. Money movement is essential – often, livelihoods and financial survival are directly linked to it. Hence, it’s critical in these times to move money responsibly, and we are glad to do so with Western Union,” said Eugene Go, Chief Executive Officer & Country Managing Director, Philippines, TrueMoney.

As of March 31, 2020, Wester Union’s network included over 550,000 retail agent locations offering the company’s branded services in more than 200 countries and territories, with the capability to send money to billions of accounts. TrueMoney Philippines operates under Ascend Money. The Southeast Asian FinTech company is a digital finance joint venture of the C.P. Group and Ant Financial.

Western Union

TrueMoney

Western Union and TrueMoney help Filipinos receive remittances

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