PhilPost and the USPS secures postal remittance partnership
The Philippine Postal Corporation (PhilPost) and the United States Postal Service (USPS) are working towards the establishment of a fast, secure but low-cost remittance project which will benefit the 4.4 million Filipinos in the United States and their millions of relatives in the Philippines.
Postmaster General Hector R. R. Villanueva said that Filipinos in the US will soon be able to send money anywhere in the Philippines through PhilPost’s more than 2,000 post offices nationwide.
When finalized, the effort will lead to a Bilateral Agreement on International Electronic Money Transfer between the two countries.
The project is in line with the government’s directive to bring down the remittance fees for overseas Filipino workers who remitted USD 15 billion last year to the Philippines. More than half of that remittances or roughly USD 8 billion came from the Filipinos in the US.
Chairman Ray Anthony Roxas Chua III of the Commission of Information and Communications Technology (CITC), the agency which supervises Philpost, and Philippine Ambassador to the US Willy C. Gaa hailed the project.
The Philippine Postal Corporation (PhilPost) and the United States Postal Service (USPS) are working towards the establishment of a fast, secure but low-cost remittance project which will benefit the 4.4 million Filipinos in the United States and their millions of relatives in the Philippines.
Postmaster General Hector R. R. Villanueva said that Filipinos in the US will soon be able to send money anywhere in the Philippines through PhilPost’s more than 2,000 post offices nationwide.
When finalized, the effort will lead to a Bilateral Agreement on International Electronic Money Transfer between the two countries.
The spadework was done during the visit to the US by the Philippine Postal Corporation delegation led by Atty. Franco L. Loyola, chairman of the PhilPost board of directors, Director Alfredo G. Gabot, and Atty. Florante C. Cruz, corporate secretary, following discussions with Paul E. Vogel, senior vice president and manager for Global Business of United States Postal Service (USPS) at its headquarters in Washington, DC.
A memorandum of understanding was signed by the two parties witnessed by senior officials of the USPS and Consul Lito Nayan of the Philippine Embassy.
The project is in line with the government’s directive to bring down the remittance fees for overseas Filipino workers who remitted USD 15 billion last year to the Philippines. More than half of that remittances or roughly USD 8 billion came from the Filipinos in the US.
Chairman Ray Anthony Roxas Chua III of the Commission of Information and Communications Technology (CITC), the agency which supervises Philpost, and Philippine Ambassador to the US Willy C. Gaa hailed the project.
