iRemit Inc. is a duly registered company in the Philippines engaged in servicing the remittance needs of millions of Overseas Filipino Workers (OFWs) worldwide. OFW remittances will continue to significantly boost the Philippine economy and are expected to surge in the following years. iRemit’s objectives and strategies aim to capture a significant chunk of the huge annual inward remittance by the OFWs worldwide, estimated at US$13-$14 Billion in 2006. The company also revolutionized the remittance industry by employing the latest IT technology utilizing the internet platform making it possible to cut down the usual remittance period to as short as minutes up to 1 week depending on the area and the chosen service mode. With this, iRemit commits to provide excellent, innovative and fast remittance services to our OFWs and their beneficiaries.
Vision Statement
To Be the Ultimate Choice Remittance Service Provider Globally.
Mission Statement
- Maintaining long-term customer relationships by providing value for money and quality products and services
- Nurturing mutually-rewarding business partnerships
- Fostering a work environment that promotes innovation and excellence towards an empowered and motivated human resource
Customer Service
iRemit’s dedicated team of Customer Support Officers provide 24/7 customer service and round the clock assistance to Foreign Offices, associates and clients. This team of highly trained professionals handles the customers’ status inquiries and instructions from the Foreign Offices.
Anti-Money Laundering Act (AMLA) Compliance
Foreign Offices and associates are required to comply with the Anti-Money Laundering Act (AMLA) to ensure that funds being sent through the iRemit Foreign System are of lawful and verifiable origin. Among others, remitters are required to present documents such as proof of identification, proof of residency and financial origin. Remitted amounts may be subject to the indicated transmission limit. iRemit is also registered with the different financial authorities such as AUSTRAC, FINTRAC and DFI. To ensure compliance in the different continents, iRemit’s Foreign System is linked to the database of OFAC, FINTRAC and EU in order to filter blocked individuals.
Technology
iRemit utilizes only the latest in advanced banking technology to ensure fast and accurate delivery.
- Access to the iRemit Foreign System via internet has several security restrictions including firewalls, secure socket layers (SSSLs) using 128-bit encryption, digital certificates and password identification.
- All remittance transactions are encrypted with hash totals / test keys to ensure authenticity of transaction details.
- Check and balance control is implemented across the procedure cycle from Foreign Office and associates to iRemit Manila.
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