The Philippines, as a heavily remittance-based country, is widely known in the world of financial and economic industries. The rise in the nation’s gross domestic product (GDP) and gross national income (GNI) is actually attributable to overseas workers’ remittances, which increase household income and consumption. Yet, research has shown that local remittances are primarily as significant as those from outside. About those who sent remittances to a destination found out are the majority within the Philippines.
Under the rigorous lockdown, it is difficult to claim money for family members and loved ones. In response to this urgent requirement, Ecashpay made an important contribution by including remittance services from our partners in our super-app. Users of Ecashpay will have the option to claim money from the comfort of their own homes.
This will allow clients to send funds in real-time and can be payout through their Ecashpay app to beneficiaries without bank accounts, who can then use a single reference number to claim funds through any of our nationwide payment centers and merchant partner outlets.
The process is easy too! Just log in to the Ecashpay app, fill in the necessary details, choose the source account for the transaction, and enter the amount for payout.