Smart starts mobile remittance service for Canada-based OFWs

MANILA, Philippines - Filipinos based in Canadahas an affordable and secure alternative in sending money to their loved ones in the Philippines.

hyperREMIT (www.hyperremit.com), a revolutionary low-cost Canada-to-Philippines online and mobile short messaging system (SMS or texting) remittance service, launched a Smart Money transfer service from Canada to the Philippines for only $6 per transfer.

It supports Smart Money transfers through the partnership of hyperWALLET Systems Inc. and Smart Communications Inc. (Smart), the Philippines’ leading wireless service provider.

With hyperREMIT, Canadian Filipinos can quickly initiate their remittance by phone or through SMS text message.

Funds sent via bank deposit, cash pickup and door-to-door delivery are available to Philippine recipients within one business day, or within 30 minutes, via Smart Money transfers and prepaid airtime loads.

Using hyperREMIT’s low-cost Smart Money transfer option, senders can quickly remit funds to any Smart subscriber’s mobile phone and accompanying reloadable Smart Money MasterCard cash card in the Philippines, providing recipients quick and convenient access to their funds.

“Our partnership with Smart is another example of our desire to create the most extensive global money transfer network for our customers, and leverage cutting-edge mobile payment services in the process”, said Lisa Shields, president and chief executive officer of hyperWALLET Systems Inc.

Canadian Filipinos can use the hyperREMIT service to make low-cost Smart Money transfers by signing up at www.hyperremit.com. Once funds are sent, the Philippine recipient receives a text message notifying them funds are available in their Smart Money account.

They can then use their mobile phone to make bill payments, person-to-person funds transfers and airtime loads, spend funds at merchants, withdraw cash from ATMs via the reloadable Smart Money MasterCard cash card, or pick up money at any Smart Wireless Center in the Philippines.

“This collaboration with hyperREMIT underscores our strategy of engaging the right institutional partners, to offer our mobile commerce services to a wider customer base,” Napoleon L. Nazareno, SMART president and chief executive officer, said.

hyperREMIT is a revolutionary, low-cost Canada-Philippines mobile remittance service from hyperWALLET Systems Inc., a global payments company based in Vancouver B.C., Canada.

It is a licensed money services business registered with FINTRAC, the Canadian government’s financial services business regulator.