Rizal Commercial Banking Corp. (RCBC) teamed up with FastPay, a mobile remittance app that operates exclusively in Taiwan to offer convenient remittance service for overseas Filipino workers (OFWs).
RCBC said in a statement OFWs using FastPay could send money directly from Taiwan to RCBC bank accounts or to other Philippine bank accounts of their families.
Migrant workers will also have the option of having their beneficiary pick up the remittance in cash from over 17,000 RCBC pay-out partner outlets across the Philippines.
RCBC Global Transaction Banking Group head Martin Tirol said the partnership is part of the Yuchengco-led bank’s commitment of being a partner through generations, providing more convenience to OFWs living in Taiwan.
“Knowing that Taiwan is a great place of opportunities for overseas Filipinos, RCBC Telemoney bridged the gap in terms of remittances: OFWs can now comfortably send their remittances from the FastPay app directly to an RCBC customer’s bank account,” said Tirol.
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