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METROPOLITAN Bank and Trust Co. (Metrobank) has
partnered with Xoom Corp., global Internet money transfer company,
to reach more overseas Filipinos and garner a bigger share of the
remittance market.
The partnership will enable overseas Filipinos to remit money
to their beneficiaries’ Metrobank accounts using the Internet.
“We are always looking at how
we can extend our services to our overseas Filipino workers,” said
Carmelita Araneta, Metrobank executive vice-president.
The new service will cater to
depositors in the United States, Europe, Middle East, Singapore and
Japan.
Remittances can be funded using a
bank account, a credit or debit card, or PayPal.
Xoom customers can deposit money
to any Metrobank account and the money will be available to the
recipient in just hours.
“Our partnership with Metrobank
will enable us to provide much faster deposits to Metrobank accounts
and greater convenience to both senders and receivers,” said John
Kunze, Xoom president and chief executive officer.
 --Maricel
E. Burgonio
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