BDO, DBS PARTNERSHIP BRINGS GREATER CONVENIENCE TO FILIPINO PROFESSIONALS IN SG

Following a partnership agreement between BDO Unibank, Inc. (BDO) and DBS Bank, two of the largest banks in the Philippines and Singapore, respectively, residents in Singapore will now enjoy a fast, convenient and safe way of remitting funds to the Philippines.

DBS customers simply need to login to DBS iBanking and transfer funds to the BDO Kabayan Savings Account (BDO's remittance account) or any other banks in the Philippines.

BDO, a Hall of Fame Awardee for being the Top Commercial Bank in Generating Remittances from Overseas Filipino Workers (OFWs) for several years, sees a synergistic alliance that will deliver the best possible service to both BDO and DBS clients.

"The partnership with DBS strengthens our commitment to better serve our countrymen particularly in sending remittances to their families in the Philippines in the best possible way.

This mission will be realized through our alliance with DBS, which boasts of innovative technologies in the field of banking, plus a strong Filipino client base that consists mostly of Filipino professionals,” said Genie Gloria, SVP and Head of BDO Remittance Distribution.

For his part, Sandeep Lal, Managing Director and Head of Consumer Banking Group eBusiness, DBS Bank, said, “Online banking has transformed the way people bank and customers can now remit funds without having to visit a branch.

We appreciate the busy schedules professionals have and through this partnership with BDO, we are pleased to expand online remittances to Philippines, increasing the number of countries customers can remit funds to via our internet banking platform.

” BDO is Philippines' largest bank in terms of total resources, capital, customer loans, total deposits, and assets under management.

In Singapore, DBS has over 4 million customers and the largest network of banking touchpoints such as branches and ATMs.

Photo Caption In photo are, from left, BDO Remittance Business Development & Support VP & Head Ferdinand Bacungan, BDO Remittance Distribution SVP & Head Genie Gloria, DBS Consumer Banking Group, Managing Director Sandeep Lal, and DBS Global Transaction Services SVP Zee Ying Yew at the MOA signing ceremony held at BDO Unibank’s Singapore Representative Office.

Member: PDIC, Maximum Deposit Insurance for Each Depositor P500,000