NEW YORK, Sept. 14, 2015 /PRNewswire/ — Transfast, a leading provider of cross-border payments solutions, and the Land Bank of the Philippines today announced they have partnered to enable Transfast customers worldwide to make real-time instant transfers into accounts at LandBank, 24/7, 365 days a year through https://transfast.com.
Filipinos in the U.S. and Canada can now use Transfast to directly deposit funds to the LandBank accounts of their beneficiaries in the Philippines via mobile, online or in-person. Real-time deposits are available in Pesos or in U.S. dollars.
LandBank and Transfast signed the agreement for the new partnership recently at LandBank’s offices in Manila.
“We welcome this partnership with Transfast that allows us to provide our kababayans around the world a safe and affordable facility to make real-time deposits to the LandBank accounts of their beneficiaries in the Philippines. We look forward to more exciting possibilities and opportunities with this partnership, which brings us several steps closer to competing more effectively in the global remittance market,” LandBank president and CEO Gilda Pico said.
“Transfast has long been a leader in the Philippines market, and in 2009 was the first money transfer company to offer instant bank deposits to the Philippines,” says Samish Kumar, Transfast’s CEO. “Like LandBank, we are committed to providing the best possible service to overseas Filipinos as they send their hard-earned money to their loved ones back home.”
Transfast customers sending to accounts at LandBank can send money to the Philippines instantly via mobile, online or in person around the globe to beneficiaries in the Philippines. Beneficiaries can receive funds direct to their bank accounts or pick up the money within minutes at more than 17,000 convenient locations throughout the Philippines.
“We are pleased that this new connection will enable customers of Transfast sending money to LandBank accounts to send funds which are received instantly around the clock,” says Kumar. “We know our customers will enjoy this added convenience and are pleased to be connected to LandBank with this latest technology.”
LandBank is a government financial institution that carries a mandate of promoting economic development in the countryside. It strikes a balance in remaining financially viable while channeling funds to areas where access to financing is limited.
It maintains a highly profitable commercial banking operation which places LANDBANK among the country’s top five banks in terms of assets, deposits, loans and capital. It also offers a wide range of products and services to retail and institutional clients.
In terms of branch network, LANDBANK has the distinction of being present in all of the country’s 81 provinces. For more information, visit www.landbank.com.
Transfast is a leading omni-channel provider of multi-currency cross-border payments solutions to consumers and businesses around the world. The company operates a best-in-class network across over 120 countries in the Americas, Asia, Europe, Australia and Africa with multi-product capability, including a leading, one-of-a-kind instant bank transfer offering. For more information, visit https://transfast.com/send-money-to-philippines.
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SOURCE Transfast LLC