Chinabank continues to broaden its global remittance tie-ups to serve Filipinos anywhere in the world.
Connecting via the RippleNet platform, the bank recently partnered with DeeMoney, Thailand’s leading Fintech money service business, to be able to facilitate fast and convenient remittance from Thailand to the Philippines.
IMAGE CREDIT: https://www.chinabank.ph/
The partnership with DeeMoney, with its specialized expertise in international money transfers, enables Chinabank to offer online and real-time remittance service through the DeeMoney app.
Overseas Filipinos can now choose from different modes when sending money through the DeeMoney App:
- Credit to a Chinabank account;
- Credit to other Philippine bank accounts;
- Credit to eWallets (such as GCash and Maya); and
- Cash pick-up from any branch of Chinabank or its domestic remittance partners such as MLhuillier, Cebuana Lhuillier, LBC, and Palawan Express
Remittances sent through DeeMoney are also sent and received in real-time.
However, credit-to-bank account transactions that exceed P50,000 will only become available to its beneficiaries on the next banking day.
RippleNet is a globally recognized cross-border payment solution using blockchain technology.
Aside from DeeMoney, Chinabank’s remittance partnership with Qatar National Bank (QNB), the largest financial institution in the Middle East and Africa, and Mobile Money in Malaysia, are also onboard via RippleNet.
China Banking Corporation (Chinabank) is a leading private universal bank in the Philippines with over 100 years of banking experience and history. It provides a full range of banking products and services to individuals and businesses.
