Wazzup Pilipinas!
BeamAndGo Pte Ltd, an alternative remittance service that guards against misspent funds through digital gift certificates, has forged a partnership with I-Remit to offer over-the-counter payment services for OFWs to provide for their families’ grocery shopping in the Philippines.
BeamAndGo CEO, Jonathan E. Chua said, "We understand that many of I-Remit’s customers have apportioned a specific budget from their remittances to their families’ monthly grocery spending. Instead of sending cash, OFWs can now purchase our convenient digital gift certificates which can be redeemed by their loved ones at our participating supermarkets.”
The insight on the behavior of I-Remit customers is further supported by a Bangko Sentral ng Pilipinas (BSP) study on OFWs which revealed that 82% of overseas remittances are allocated for their families’ basic needs such as food, supplies, medicine, healthcare, and utilities.
The partnership with I-Remit, which owns 12% of OFW remittance market, will expand BeamAndGo’s distribution network to over 1,400 payment centers. At present, BeamAndGo actively promotes its digital gift certificates in 9 markets: Singapore, Hong Kong, Malaysia, UK, UAE, Japan, Australia, Taiwan and the Philippines.