Metrobank offers text notification for remittance beneficiaries

i.t. matters
Friday-Saturday April 07-08, 2006 MANILA, PHILIPPINES

Families of Filipinos living abroad can now get notices of remittance through Metrobank’s Remittance Text Alert Service.

A press statement quoted Metrobank Remittance Division head Jovencio R. Capulong as saying: "It was a logical next step, as text-messaging is a cost-effective, fast, and efficient means of notifying beneficiaries."

With the new service, remittance beneficiaries using Globe, Sun Cellular or Smart cellphones will receive a Short Message Service -- or "text" -- message informing them of their remittance.

The text alert service replaces the telegram or mail notices previously sent out to remittance beneficiaries. To experience the full benefits of this free service, remitters need only to provide the complete cellphone numbers of their beneficiaries.

Metrobank is the Philippines’ largest bank with consolidated assets of P586.5 billion as of end-2005. It has cornered a major share of the total remittance business owing to its remittance offices and partners abroad. The bank has over 800 local and international branches, offices and subsidiaries in Asia Pacific (Hong Kong, Japan, Korea, Singapore, Taiwan, and Shanghai), the Americas (New York, Hawaii, New Jersey, Chicago, and the Bahamas) and Europe (London, Rome, Milan, Bologna, Madrid, Barcelona and Vienna).

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