The UAE Exchange has tied-up with Philipines-based BDO Unibank, through with Filipinos can send money real-time to their families with BDO Unibank accounts back home.

FLASHremit, an innovative service launched by the exchange, will empower the customers to send money to any bank account across borders, in real-time.

Both the sender and beneficiary will receive an SMS notification the moment the account is credited. Many customers will benefit from this real-time remittance service, which include other countries like Bangladesh, India, Indonesia, Malaysia, Nepal, Pakistan and Sri Lanka.

In Philippines, other than BDO Unibank, Asia United Bank, Metro Bank and Rizal Commercial Banking Corporation are the other three banks, which have partnered with UAE Exchange for FLASHremit.

Promoth Manghat, vice president – Global Operations, UAE Exchange, said: “UAE Exchange has always aimed at making money transfer a seamless experience and has entered into an alliance with BDO Unibank in this regard. The Filipinos form one of the largest expat communities living abroad, and by offering various financial solutions, we attempt to make their stay outside homeland as comfortable as possible.

“We have been organising various promotions like Pinoy Panalo, Filipino Fest and Money Majlis for this dynamic community. Providing instant bank transfer services will not only strengthen the relationship with our banking partner, but also be a welcome initiative for our Filipino customers.”

Genie Gloria, SVP and head of BDO Remittance Distribution, said:  “Providing quality customer service and achieving operational efficiency have always been our priority. FLASHremit is a combination of these two strengths, from which both our institution and customers will benefit.  Fast and reliable send and receipt of money by Filipinos in the UAE is a service mission both BDO Unibank and UAE Exchange share.” - TradeArabia News Service