Western Union, a global leader in cross-border, cross-currency money movement and payments, has announced Metropolitan Bank & Trust Company (Metrobank), one of the leading financial institutions in the country, as its newest direct bank account payout partner for inbound money transfers in the Philippines.
With this activation, receivers of international money transfers in the Philippines can benefit from Western Union’s real-time account payout capabilities to bank accounts in the country.
Global senders can continue to send money using Western Union’s digital services in more than 75 countries and territories or via Western Union’s retail Agent network in more than 200 countries and territories.
“Millions of people in the Philippines have access to accounts and are living ever more interconnected digital lives: as a result, they have an increasing expectation for the financial system to keep up with their flexible lifestyles,” said Jeffrey Navarro, Head of Philippines, Malaysia, Brunei & Indochina for Western Union.
“At Western Union we meet these expectations by providing a full range of money transfer solutions to a broad spectrum of consumers. With Metrobank we are glad to expand our account payout network, leveraging our joint capabilities to drive seamless solutions for customers.”
Metrobank joins Western Union’s growing network of partners powering international money transfer payouts into accounts. Over the last few years, Western Union has been accelerating connections to bank accounts ensuring robust connectivity for customers.
Globally, Western Union has the capability to send to billions of bank accounts and millions of wallets and cards across more than 125 countries and territories, with real-time capabilities in 100 of these countries. Additionally, it also offers payout in cash in approximately 600,000 retail locations in 200+ countries and territories, anytime.
