ACE Money Transfer Partners With PNB to Upgrade Philippine Remittance

ACE Money Transfer has formed a strategic partnership with the Philippine National Bank to improve remittance processing for Filipino expatriates worldwide.

The collaboration enables global customers to send funds home with greater convenience while providing multiple distribution options for local recipients.

Beneficiaries across the country can now withdraw their funds directly through automated bank deposits, physical bank branches, or authorised payout agents.

The initiative uses the extensive domestic network of the bank to ensure that families can access cash transfers across both urban and rural areas.

The move aims to capture a larger share of the local transaction market, which remains one of the largest compilation destinations for global financial support.

ACE Money Transfer Chief Executive Officer Rashid Ashraf stated that the corporate goal focuses on making funding transfers transparent and straightforward.

Ashraf added that expats need to have full confidence that their families can access capital safely wherever they reside.

Philippine National Bank Head of International Banking and Remittance Group Mariana Flores Caculitan noted that the alliance expands their global operational footprint.

Flores Caculitan highlighted that the digital system stands out due to its competitive exchange rates, transparent fees, and round the clock customer support.

The remittance firm holds formal regulatory authorisation from the Financial Conduct Authority in the United Kingdom where it operates as a licensed institution.

The company also maintains compliance listings under the Central Bank of Ireland, the Polish Financial Supervision Authority, FINTRAC in Canada, and AUSTRAC in Australia.

Source: Fintech News Philippines