US-based Microfinance International Corporation (MFIC) has partnered with Philippine mobile operator Smart Communications to expand its remittances delivery in the Philippines.
Smart will pay-out the remittances sent through MFIC’s money transfer solution ARIAS, originated by financial service providers in the US, Japan and Europe.
According to MFIC, remittances to Smart Money account may be received through the various encashment channels of Smart Money which includes Smart Wireless Centers, ATMs, and Smart Money Centers and agents all over the Philippines.
MFIC president and CEO Atsumasa Tochisako said ARIAS has advantage in its adaptability to various interfaces, making it easy for us to partner with a company like Smart whose role is increasingly important in the payment sector.
“It is our commitment to expand the delivery of affordable and secure money transfer services in a wider geographic area, and mobile phone will play the key role to make it happen,” Tochisako said.