Philpost launches online money transfer service in Saudi Arabia




The Philippine Postal Corp. (PhilPost) launched last weekend a new online money transfer service, a report of the news site Arab News said.
 
Postmaster General and CEO Josefina dela Cruz told Arab News, "“PHLPost has new products and services which are not offered by current players in the remittance industry in the Kingdom. By supporting these, you’ll not only help jumpstart PHLPost but also help save the jobs of 11,000 compatriots back home.”
 
The new service, dubbed e-Postmo, is an electronic postal money order service that lets beneficiaries receive the money on the same day the OFWs sent it as long as the remittance is received and delivered or collected before 5:00 p.m. in the Philippines, five hours ahead of Saudi time.
 
Dela Cruz said the beneficiaries receive exactly the amount remitted to them, “because PHLPost has no hidden charges.”
 
Starting October,PHLPost’s postal payment service will be available in Saudi Arabia (through Al-Rajhi Bank), Qatar, Spain, Switzerland, and the United Arab Emirates (UAE).
 
It is presently available in post offices in Brazil, Brunei, Greece, Hong Kong, Indonesia, Iran, Italy, Japan, Korea, Kuwait, Malaysia, Singapore, Thailand and Vietnam.
 
“Just go to the nearest post office or bank in the country where you are to remit your money. Your beneficiary in the Philippines will be contacted to choose from different modes of delivery, such as cash pick-up at the post office, cash door-to-door delivery, credit to account and postal money order,” dela Cruz said.
 
In the cash pick-up at the post office, beneficiaries receive the money instantly at the post office within 24 hours.
 
Through cash door-to-door delivery, the beneficiary receives the money right at his or her doorstep within 24 hours.
 
Credit to account enables the beneficiary to withdraw the money from his or her bank account or ATM within 24 hours.
 
Beneficiaries in remote areas will be issued a postal money order check for encashment at the post office in five to 10 days’ time. - VVP, GMA News

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