Wednesday, January 20, 2010

PhilPost Can Now Compete with Private Remittance Agency

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

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