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BACK in the day when offline legacy players lorded it over in money transfer, Melivo said they were able to disrupt the norm by making international money transfers online safer, faster and at a lower cost. He said that with a wide partner network to support their customers’ sending and receiving how and when they want it, as well as buffed security mechanisms, they were able to adjust to the rapid changes in financial technology by prioritizing convenience and cost effectiveness.
“Today, we cover 50 sending countries and 130 receiving countries. We operate in more than 5,000 money-transfer corridors and employ around 1,500 people worldwide, and are proud to employ more than 430 employees in the Philippines as a vital part of our ecosystem.”THERE is no doubt, Melivo said, that the pandemic accelerated the digital transformation of the financial services sector here in the Philippines.
Other factors that contributed to the advancement of digital transactions include convenience, along with innovative services provided by global players like them, Melivo said. Given the rapid advancements in financial technology, Melivo said service providers are constantly on their toes to adapt to the changing needs of remittance senders and receivers.
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