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myRemit Introduces WorldRemit to Its Customer Network

The world’s leading digital money transfer company, WorldRemit, was
introduced recently to thousands of customers of myRemit, a Kapamilya
service of The Filipino Channel (TFC).

WorldRemit was introduced to customers of myRemit in the U.S., Canada
and U.K. as the latter winds down its business operations and closes
shop effective June 16, 2018.

WorldRemit is one of the world’s fastest growing online money transfer
providers. WorldRemit has been transferring money to the Philippines
since it launched in 2010 and has a dedicated customer service centre in
Cebu to help customers every step of the way.

The introduction to myRemit’s customer network supports WorldRemit’s
strategic plan to serve 10 million customers connected to emerging
markets by 2020. The Philippines is the largest receive market for
WorldRemit.

Ismail Ahmed, founder and CEO at WorldRemit said: “We are
honoured to be trusted by myRemit to offer our first-class remittance
service to their customers. This will further strengthen our position in
the Philippine market as a leading provider of safe, fast and lower-cost
money transfers.”

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ABOUT WORLDREMIT WorldRemit handles a growing share of the
$600 billion remittance market. The company’s customers make more than
1.1 million transactions every month, using its app or website.

WorldRemit is changing the way people send money.

It’s easy – just open the app or visit the website.

? Transfers to most countries are instant – send money like an instant
message.

? More ways to receive (mobile money, bank transfer, cash pickup).

? Available in over 50 countries and 150 destinations.

? Backed by Leapfrog as well as Accel Partners and TCV – investors in
Facebook, Spotify, Netflix and Slack.

WorldRemit’s global headquarters are in London, UK with offices in the
United States, Canada, South Africa, Malaysia, Singapore, the
Philippines, Japan, Hong Kong, Australia and New Zealand.

WorldRemit is a service owned and operated by WorldRemit, Ltd., which is
an entity separate and distinct from ABS-CBN Europe Ltd., ABS-CBN Canada
Remittance, Inc. and ABS-CBN Global Remittance, Inc., which provided the
myRemit A Kapamilya Service of TFC services (collectively, “ABS-CBN”)
and its parent and affiliated companies. ABS-CBN may receive a portion
of the fees from WorldRemit with respect to transactions of customers
referred by ABS-CBN. ABS-CBN is not a party to any transaction that
customers will enter with WorldRemit. ABS-CBN does not operate in any
way or control WorldRemit’s service. WorldRemit is responsible for all
aspects of customer’s remittance transaction including its processing,
fulfilling, billing and customer service. ABS-CBN shall not be held
liable for any loss, claim, suit, proceedings or damage in connection
with customers’ correspondence with WorldRemit.

For questions about your remittance, please direct your questions to
WorldRemit.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005370/en/