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neutronpayHas partnered with a Canada based digital payment platform pouch.ph To provide fast and affordable remittance services for Filipinos living in Canada and Vietnam. According to a press release sent to Bitcoin Magazine, the partnership aims to provide a secure and cost-effective solution for Filipino expats who want to send money to their loved ones in the Philippines. By leveraging bitcoin’s Lightning Network, the partnership enables the conversion of Canadian dollars or Vietnamese dongs into bitcoins, which are then converted into Philippine pesos and transferred directly to a recipient’s bank or mobile money account.
Albert Bou, Founder and CEO of Neutronpay, expressed his excitement about the collaboration, saying, “Our integration with Bitcoin’s Lightning Network is a huge step forward in improving the lives of our customers, and we look forward to innovating cross Looking forward to exploring new ways. -border payments.”
Remittance demand in the Philippines continues to grow, with in-person remittances set to reach a record high of $36.14 billion in 2022, according to data from the Banco Central ng Pilipinas. Canada accounted for 3.6% of the total remittances to the Philippines, highlighting the importance of providing efficient and cost-effective remittance services to the Filipino community in Canada.
Ethan Rose, CEO of Pouch, emphasized the importance of the partnership to easily repatriate overseas Filipino workers (OFWs) back home. “Partnering with Neutronpay is in line with our endeavor to empower OFWs to easily send money to their families and loved ones,” he added.
The Neutronpay app is currently available exclusively on Canadian and Vietnamese app stores, while the Pouch.ph app can be downloaded from the Google Play Store and Apple Store. This collaboration between Neutronpay and Pouch.ph brings lightning-fast remittance services to Filipinos in Canada and Vietnam, providing a convenient and cost-effective way to remit money to their families and loved ones back home in the Philippines.
