IRemit Inc (I)

IRemit Inc Company Profile

IRemit Inc Company Profile

I-Remit, Inc., together with its subsidiaries, provides fund transfer and remittance services to the Filipino workers and other migrant workers in the Philippines, the Asia Pacific, Europe, and North America. The company offers bank-to-bank, a facility for same-day online crediting to bank account; door-to-door delivery of cash remittances to designated beneficiaries through in-house and third-party couriers; and notify-to-pay, which allows to pick-up a remittance in I-Remit’s pay-out stations. It also provides Visa Card, a debit and automated teller machine (ATM) card through which remitters can send money to their beneficiaries; and iRemitX, an Internet-based remittance service that offers online remittance services. In addition, the company offers auxiliary services, such as liaising and coordinating with, and accepting and distributing membership contributions, loan amortization payments, and premium payments to various government and non-government entities, as well as various insurance, pre-need, and real estate companies; iCASH, a digital payments platform that provides e-commerce, bills payment, and money transfer services; and Stored Value Facility, an app that enables clients to load their e-wallets in appointed top up centers and send money, as well as retail and wholesale trade services. Further, it offers management consultancy, and financial advisory and other services; trades in foreign currencies; and operates an e-commerce portal, which caters to resellers, distributors, and on-line buyers. As of December 31, 2020, the company operated approximately 20,842 pay-out stations in the Philippines. The company was incorporated in 2001 and is headquartered in Pasig City, the Philippines.