Visa and PHLPost sign agreement to enhance financial services for underserved Filipinos

Visa, a global leader in digital payments, has signed a memorandum of understanding with the

Philippine Postal Corporation (PHLPost) aimed at expanding access to financial services for

Filipinos, particularly those in underserved sectors such as rural communities.

Under the agreement, Visa will utilize its innovation in digital payments as well as its global

payments network to explore opportunities with PHLPost in modernizing and expanding the reach of

its financial services, which include handling remittances and money orders for overseas Filipino

workers (OFWs) as well as disbursement of healthcare subsidies, social welfare payments, and

disaster relief.

Visa and PHLPost will also explore opportunities to enhance business and financial literacy for

Micro, Small, and Medium Enterprises (MSMEs), as well as share best practices in making financial

transactions more seamless, secure, and accessible.

Carlos said, “We deeply honor the sacrifices of our OFWs—sila ang ating mga “Bagong Bayani” and

the backbone of many Filipino families. They work tirelessly, endure homesickness, and make

countless sacrifices to provide a better future for their loved ones. Whether paying for mortgages

and bills or securing their children’s education, their contributions fuel the dreams of countless

Filipino households. Through this initiative, we aim to ease their burden by streamlining financial

transactions and reducing remittance costs, ensuring they receive the support and recognition they

truly deserve.”

The PHLPost remains committed to providing essential postal and financial services to Filipinos,

especially those in remote and or Filipinos abroad. Through this collaboration with Visa, PhlPost

aims to enhance its financial offerings by integrating digital payment solutions, improving transaction

efficiency, and ensuring greater security for its customers through good governance. By

modernizing its services, PHLPost seeks to bridge the financial gap for communities that rely on its

extensive network across the country. 

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