MANILA, Philippines - Equicom Savings Bank (EqB) has tied up with PetNet, Inc. to become its business partner in the money remittance network through Western Union in the Philippines.
Western Union is the largest money-transfer-company in the world with 410,000 agent-locations serving in 202 countries.
As business partner of PetNet-Western Union, the bank can tap the inward dollar remittance business in the Philippines, which is estimated to be between US$12B to US$18B annually.
Through Western Union, the bank can identify those individuals who receive remittances on a regular basis and who can be invited to open an EqB account. For smooth convenient banking transactions, Equicom offers different products and services that can manage its clients’ finances such as bank deposits, loan products, and credit cards, to name a few. The tie-up is a great opportunity to promote the bank to the remittance market.
The Western Union Money Transfer services are now available in all EqB branches nationwide.
The bank’s tie up with PetNet-Western Union has, so far, proved to be fruitful as the Western Union clients have the opportunity to experience the unique EqB brand of service and products.
For information about Equicom Savings Bank, call the 24/7 EqB Hotlines at 241-5952, Domestic Toll Free 1-800-10-EQUICOM, or visit www.equicomsavings.com.