The BDO and Seven Bank explore more opportunities for their partnership to expand across other products and services.
“This is a common value Seven Bank has as well. BDO is very passionate and aggressive in providing new services to customers, so we want to have a good partnership with BDO to do things together with them,” President and Representative Director of Seven Bank Masaaki Matsuhashi said.
Currently, clients can easily transfer money from Japan to the Philippines using the Seven Bank’s International Money Transfer app on their mobile phones.
“We saw that one hurdle for Filipino workers in Japan is visiting banks and remittance centers during daytime because of their work schedule. Our alliance with Seven Bank is a game changer, allowing 24×7 remittance through their mobile app and ATM network of 27,000 all over Japan,” BDO Senior Vice President and head of Remittance Genie Gloria said.
BDO beneficiaries can receive and withdraw money 24×7 from any parts of the Philippines through BDO’s over 5,700 ATMs while Seven Bank’s views and experience are shared by BDO’s network of remittance partners from different parts of the globe, including North America, Europe, the Middle East, and Asia-Pacific.
Overseas Filipino remittances are one of the largest in the world and reached a historic high of US$37.2 billion in 2023.#
