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Press Release: iRemit Partners with PNB for Remittance Service

Press Release: iRemit Partners with PNB for Remittance Service

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<strong>iRemit</strong> <strong>Partners</strong> <strong>with</strong> <strong>PNB</strong> <strong>for</strong> <strong>Remittance</strong> <strong>Service</strong><br />

For Immediate <strong>Release</strong><br />

<strong>iRemit</strong>, Incorporated (<strong>iRemit</strong>), the largest non-bank remittance company continues to<br />

expand and strengthen its business by entering in a service agreement <strong>with</strong> the Philippine<br />

National Bank (<strong>PNB</strong>) to better meet the needs of Filipinos abroad. This strategic tie-up <strong>with</strong><br />

one of the largest banking institutions in the Philippines will allow <strong>iRemit</strong> to further carry out<br />

remittance collection services <strong>for</strong> overseas Filipino workers to their beneficiaries back home.<br />

“We place high priority in strengthening our marketing, and in expanding our disbursement<br />

channels both locally and internationally, in line <strong>with</strong> our growth strategy,” explained Harris<br />

Jacildo, president and COO of <strong>iRemit</strong>, Inc.<br />

Under the agreement, <strong>iRemit</strong> will utilize <strong>PNB</strong>’s extensive branch network to distribute funds<br />

remitted by its customers overseas to their beneficiaries in the Philippines. The Bank’s wide<br />

geographical reach and special OFW lanes in its branches guarantee superior accessibility and<br />

quality service to customers.<br />

“By adding Philippine National Bank to our remittance distribution plat<strong>for</strong>m, we are bringing<br />

a higher level of true convenience <strong>for</strong> our customers because of the bank’s extensive number<br />

of outlets nationwide,” said Jacildo.<br />

To date, <strong>PNB</strong> remains as one of the largest banks in the country <strong>with</strong> its 324 branches located<br />

nationwide. It provides a complete range of banking products and services that address the<br />

diverse needs of its clientele, which includes more than 2 million depositors.<br />

This collaboration <strong>with</strong> <strong>PNB</strong> is consistent <strong>with</strong> <strong>iRemit</strong>’s mission of maintaining long-term<br />

customer relationships by providing value <strong>for</strong> money, and quality products and services.<br />

"This reaffirms our commitment to continuously offer convenient remittance solutions to<br />

match our customers' needs. We are very pleased to partner <strong>with</strong> <strong>PNB</strong> in serving Filipinos<br />

abroad better," added Jacildo.<br />

Currently, <strong>iRemit</strong> operates in 25 countries and territories worldwide through its wholly-owned<br />

subsidiaries, partners and tie-ups.


<strong>iRemit</strong>, Incorporated and Philippine National Bank <strong>for</strong>malized their remittance partnership <strong>with</strong> the signing of the<br />

Memorandum of Agreement at the <strong>PNB</strong> Head Office. <strong>iRemit</strong> president and COO Harris E.D. Jacildo (2nd from left)<br />

and <strong>PNB</strong> President & CEO, Omar Byron T. Mier (3 rd , right), signed the MOA. Also present at the signing were <strong>iRemit</strong><br />

SVP Elizabeth G. Yao (1 st from left) and <strong>PNB</strong> EVP and Global Operations Sector Head Anthony Q. Chua (4th, right)<br />

Contact In<strong>for</strong>mation:<br />

For more in<strong>for</strong>mation about <strong>iRemit</strong>, Inc and its corporate affairs:<br />

Mr. Fitzgerald Duba<br />

Telephone: +63 2 706-9999 local 109.<br />

Email: fsduba@iremit-inc.com<br />

For media relations:<br />

Ms. Justine Castellon<br />

Telephone: +63 2 706-9999 local 114<br />

Mobile: +63 915 7450893<br />

Email: jpcastellon@iremit-inc.com<br />

Note to Editors:<br />

<strong>iRemit</strong> prides itself on being a great advocate in social responsibility, global citizenship and sustainable business<br />

practices. We believe in conducting activities <strong>with</strong> a social conscience. As a responsible Corporate Citizen, we are<br />

committed in taking several initiatives to serve community particularly concerning overseas <strong>for</strong>eign workers and<br />

their families.

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