Omnipay new member in Eurogiro
Manilla, 19 January 2017 – Omnipay and Eurogiro signed a connection agreement that links the leading pre-paid card network in the Philippines and Eurogiro’s worldwide payments network. Eurogiro and Omnipay share a vision to promote electronic money and to offer cost efficient money transfers to remittent workers working outside their home country.
Omnipay, the Philippine prepaid card platform offers a multicurrency, re-loadable pre-paid card to customers of all walks of life, as well as businesses. Omnipay is direct member of China Union Pay and Bancnet and an approved e-money user by the Philippine Central Bank.
From the left: Renato Valencia, Omnipay, Melito Salazar Jr., Omnipay, Michel Stuijt, Eurogiro, Simoun Ung, Omnipay.
With the new Omnipay connection implemented, a Eurogiro member in Italy may now accept a remittance at a post office and transfer the funds to a recipient in the Philippines, who can receive the transfer on a re-loadable, prepaid card. The funds can be spent in any ATM, POS or internet shop connected to the network.
Michel Stuijt, CEO at Eurogiro, commented: ‘The Philippines is among the largest and the fastest growing remittance receivers in the world and having a direct link to a platform that reaches ATM, POS and internet shops alike, all over the country will prove a great opportunity for Eurogiro members. By combining forces, Philippine workers around the world will get the optimal conditions for sending money back home in a cost efficient way, whilst having the broadest range of choice of out-payment method for their receivers/loved ones’.
The networks of Omnipay and Eurogiro supplement each other. Eurogiro is a global payments network connecting member payments ecosystems, such as postal branches, banks and mobile payment networks. Eurogiro members reach more than 500,000 branches and 4 billion people in more than 50 countries. Omnipay enables use of the dense card infrastructure in the region. Landbank, a Eurogiro member of the Philippines is already collaborating with Omnipay.