MANILA, AUGUST 1st, 2020—Western Union, a global leader in cross-border, cross-currency money movement and payments, and CARD Bank, a microfinance-oriented rural bank in the Philippines, have joined forces to offer domestic and international money transfer services, connecting customers to more than 200 countries and territories. Customers in the Philippines can now send and receive money at more than 200 CARD Bank locations across the country, and eventually at more than 1,500 other CARD MRI Offices.
“Western Union is uniquely positioned to meet the needs of today’s complex and interconnected world,” said Jeffrey Navarro, Head of Network, Philippines, Malaysia, Brunei & Indochina, Western Union. “We provide the freedom and dignity to move money when, where and how our customers choose. With CARD Bank, we have a clear, shared vision of what we hope to accomplish. Financial services are not just a luxury for the few, but a necessity for all – an economic lifeline that we are determined to deliver. We are proud to extend our network with CARD Bank, offering our money transfer services to everyone, including underserved customers in rural and remote areas.”
“CARD Bank has been formed and guided with the commitment to work for the alleviation of poverty and empower the socially and economically challenged Filipino families through responsible financial services,” said Marivic Austria, President & CEO, CARD Bank, Inc. “We are excited to collaborate with Western Union and empower customers with access to efficient and reliable money transfer services.”
The Philippines was the world’s fourth-largest remittance-receiving country in 2019, according to the World Bank. Western Union serves customers from a large network of Agent locations facilitating convenience for customers in the Philippines. Customers are advised to check the Agent Locator link for the status of the nearest locations.
About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Our omnichannel platform connects the digital and physical worlds and makes it possible for consumers and businesses to send and receive money and make payments with speed, ease, and reliability. As of June 30, 2020, our network included over 550,000 retail agent locations offering our branded services in more than 200 countries and territories, with the capability to send money to billions of accounts. Additionally, westernunion.com, our fastest growing channel in 2019, is available in over 75 countries, plus additional territories, to move money around the world. With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth. For more information, visit www.westernunion.com.
About CARD Bank
CARD Bank, Inc. is a Microfinance Oriented Rural Bank with over 900+ branches servicing more than 3 Million clients in the Philippines. CARD Bank Inc is a member of CARD MRI, a world-class leader in microfinance and community-based social development undertakings that improves the quality of life of socially-and-economically challenged women and families towards nation building.