UAE Exchange, a leading global money transfer and foreign exchange brand, has tied up with Philippine’s Rizal Commercial Banking Corporation (RCBC), to offer remittance services in real time.

Now Filipinos, living outside their homeland and who have an account in RCBC, can avail the FLASHRemit service to send money real time to their loved ones’ bank account in real time. Both the sender and beneficiary receive an SMS notification the moment the account is credited.

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

Promoth Manghat, vice president – Global Operations, UAE Exchange, said: “The Filipinos form one of the largest expat communities living abroad, and we would like to make their stay outside home as comfortable as possible. UAE Exchange has always aimed at making money transfer a seamless experience and has entered into an alliance with RCBC in this regard. This new tie up will only further strengthen the relationship with our banking partner.”

Edgar Anthony B Villanueva, executive vice president and head, Global Transaction Banking Group, RCBC said, “UAE Exchange has been RCBC's remittance partner for nearly two decades now. We've been working together in serving the needs of Overseas Filipino Workers in the Middle East, to assure them of a fast and reliable way to send their hard-earned money to their loved ones in the Philippines.

“The launch of FLASHremit signifies our mutual commitment to continually improve our service to the OFWs – the modern day heroes of our country. May this endeavour strengthen further our partnership and fortify our stronghold in the remittance market in the Middle East."

The transfer is possible in two currencies viz. IDR and USD. FLASHRemit is also available in Bangladesh, India, Indonesia, Malaysia, Nepal, Pakistan, and Sri Lanka. – TradeArabia News Service