I-Remit seals deal with London firm

MANILA, Philippines - Publicly-listed I-Remit Inc., one of the world’s top non-bank remittance providers, has sealed a deal with London-based Small World Financial Services Group Ltd.

In a disclosure to the Philippine Stock Exchange (PSE), I-Remit said it had recently signed a memorandum of agreement (MOA) with Small World as part of its effort to strengthen its global presence.

Small World’s product range includes money remittance, foreign exchange trading, check cashing and prepaid credit cards.

With over 50 years experience in retail financial services, its offices are located in London, United Kingdom and it is duly licensed or authorized to conduct business in over 100 countries.

In July 2011, Small World merged with Choice Money Transfer Inc., an I-Remit partner and a fast growing company. The merger placed Small World in the top tier of the world’s largest money remittance organizations.

I-Remit president and chief operating officer Harris Jacildo said that they are, through its reliable network offices, agents and tie-ups around the world and continuing innovation, continues to serve the needs of overseas Filipinos as well as other nationalities worldwide in pursuit of its vision of being a truly global player.

Earlier, I-Remit said it would further expand its services in other areas in Asia particulary Indonesia and India.

The company said it continues to increase its network globally, providing services in 27 countries across Asia, North America, the Middle East and Europe.

I-Remit is known for having revolutionized the remittance industry by employing the latest in IT technology and utilizing the Internet platform making it possible to cut down the usual remittance period to only a few minutes.