MANILA, Philippines—The money remittance system of the Philippine Postal Corp. may finally go electronic, enabling the state firm to offer the same convenience that private money forwarders do at just about a fourth of the fees charged.
This is made possible with a P1-billion loan that the Social Security System is extending PhilPost through a partnership related to the unified multi-purpose identification (UMID) system.
More of the news here --> PhilPost to get wired, to hasten remittances
Wednesday, January 20, 2010
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