LANDBANK Executive Vice President for Branch Banking Jocelyn dG. Cabreza (second from left) and WIC WorldCom Finance Ltd. President and CEO Yuval Tal (second from right) seal a partnership which will provide over 40,000 Overseas Filipinos in Israel with convenient, real-time remittance service. They are joined by: (seated L-R) LANDBANK AVP for Domestic Remittance Marketing James Figueras and WIC WorldCom Finance Executive Director Nicholas Rose; (standing L-R) LANDBANK Remittance Officer Elizabeth Manuel, Overseas Remittance Marketing and Support Department Manager Atty. Reo Andarino, Overseas Remittance Officer Richmond Lagrito, and Remittance Specialist Oliver F. Bautista.
LANDBANK continues to expand its remittance network as it recently signed a partnership with WIC WorldCom Finance, Ltd., an international money transfer company based in Tel Aviv, Israel. WorldCom Finance links banks, money transfer companies, retailers, FX outlets, pawn shops, convenience store chains, etc. all over the world. It is among LANDBANK’s first overseas remittance partners to use the Bank’s web-based remittance system.
The LANDBANK Remittance System (LBRS) allows real-time processing of remittance transactions, expands the number of modes in paying and settling remittances, and lowers the cost of processing remittance transactions.
The partnership with WorldCom will provide over 40,000 Overseas Filipinos in Israel with greater access to convenient remittance service. Beneficiaries will be notified thru SMS once their remittance is available for withdrawal from their LANDBANK accounts or for cash pick-up at any LANDBANK branch nationwide.
Earlier this year, LANDBANK also sealed 16 new remittance partnerships abroad, including the Global Money Remittance Pte. Ltd., Bayanihan Trading and Delivery Services, and Intercity Employment Services of Singapore; T Prima Express Remit and LR Remittance of Indonesia; and Lulu International Exchange and Economic Exchange Center of the United Arab Emirates.
LANDBANK likewise tied up with new local remittance partners, including Triple Eight, BM Express, Non-Stop Overseas Employment, Fil-Express, Crew & Ship Management, Inc. and MRA Offshore.
To further address the needs of beneficiaries especially those in the provinces who prefer to pick-up remittances in cash, LANDBANK also recently partnered with three Payment Paying Agencies which have strategic branch locations in the country that can provide this service, namely Palawan Pawnshop with 976 branches; M. Lhuillier Financial Services, Inc. with 1,688 branches; and One Network Bank with 96 branches mostly in Mindanao.
This partner network complements the remittance cash pick-up facility available at any of LANDBANK’s 345 branches nationwide.