BPI partners with Pera Hub for wider remittance reach

THE Bank of the Philippine Is- lands (BPI) has partnered with Pera Hub, a leading cash and pay–ent-related transaction center, to provide remitters abroad more options to send money to loved ones in the Philippines.

Managed by PetNet, which is majority-owned by subsidiaries of the financial services business unit of Aboitiz Equity Ventures Inc., Pera Hub is BPI’s new addition to its existing cash pay-out partners.

BPI Corporate Banking Strategy, products and Solutions head Reggie Cariaso said the pera Hub locations are additional pick-up points to the over 800 BPI and BPI Family Savings Bank branches nationwide and accredited cash pick-up outlets in over 5,800 locations across the country.

“BPI has always been focused on catering to the needs of overseas Filipinos. Given the Covid- 19 situation, we saw an urgent need to extend our reach and provide better access for our overseas clients. This partnership with Pera Hub will make the sending and receiving of money a lot easier,” Cariaso said.

“Pera Hub has always been at the forefront of making financial services accessible to every Filipino. With over two decades in the remittance business, partnering with BPI is a strategic initiative for us to serve more customers in our branches. Together, we make each Filipino family closer to their OFW relatives through their remittances. This partnership is a testa–ent to our co––it–ent to the communities that we serve,” PetNet President and Chief Executive Officer Adrian Ocampo said.

With this partnership, BPI and Pera Hub benefit from the access to each other’s networks and client base for a growing remittance business.