money remittance

Just got an email from Ikobo saying that they are discontinuing their money transfer services. Effective immediately, no further money transfers to your iKobo account will be allowed. PayMaya has recently partnered with MoneyGram to allow OFWs based in the US to send their cash remittances to their loved ones via PayMaya. OFWs who are in the United States may use the MoneyGram’s website or mobile app and send money to their families with PayMaya Visa account. PayMaya users may also use their Visa card to shop online or in-store, or buy load, pay their bills, settle government dues, and send money to other PayMaya users or Smart Padala centers nationwide through the PayMaya app. The latest initiative aims to make cross-border remittances efficient and hassle-free. According to Bangko Sentral ng Pilipinas, 40% of the total remittances of the country comes from the USA. Last year's remittances from the US amounted to USD 11 billion. Read more in our articles including "iKobo discontinuing Money Transfer Services" and "PayMaya can now receive US-based cash remittances from MoneyGram".