Western Union and BDO initially launched a credit to
account service in 2015 allowing remitters to send money straight to BDO
accounts from over 70 countries via www.westernunion.com and through Western Union
agent locations in more than 200 countries and territories worldwide. With the
expanded collaboration, customers who do not have a BDO account yet may
conveniently claim Western Union remittances at BDO and its rural bank
subsidiary – BDO Network Bank, which has over 130 branches in countryside
Mindanao and the Visayas, and now, continuously expanding across Luzon.
BDO’s presence inside SM Supermalls allows customers to
claim Western Union remittances more conveniently as the branches are open up
to 7PM including weekends and selected holidays.This serves as a one-top-shop
for customers as they may claim remittances and purchase their basic needs, in
just one go.
“Our extended collaboration with Western Union is proof
of our continuous commitment to make remittances from almost any part of the
globe convenient to receive. Western Union has helped us in bridging not only
Filipino workers from different parts of the world but also other global
senders and their remittance beneficiaries in the Philippines, who can rely on
us through our accessible and convenient Cash Pick-up locations. The Western Union-BDO collaboration delivers
a kind of service that is reliable given the two institutions’ credibility and
trust they’ve both earned through the years”, said Genie Gloria, SVP and Head
of BDO Remittance.
“At Western Union, we connect families near and far away
and help them move money across borders and currencies. We are excited to
extend our service offering with BDO Unibank by building on our strengths to
expand our network even further, providing a high-level customer experience,”
said Sohini Rajola, Head of Network, Middle East and Asia-Pacific, Western
Union.
The Western Union-BDO alliance complements the
Philippines’ ranking as the worlds’ fourth largest receiver of remittance in
2018, according to a World Bank report. For its part, BDO remains the leader in
OF remittances and said leadership was solidified by a recent award from the
Bangko Sentral ng Pilipinas (BSP) as the “Commercial Bank that Generated the
Largest Overseas Filipino Remittances” for 2018, a citation that the bank has
consistently received since 2008.
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