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Zero Fee Remittance

NEW YORK, June 30, 2015 /PRNewswire/ -- Transfast, a leading provider of cross-border payments solutions, today launched Value+, a new zero-fee, mobile and online money transfer product to the Philippines.

With Value+, customers who are not in a rush to deliver money have the option to send their remittance for free and at higher dollar-to-peso exchange rates. They can enjoy the convenience of sending money from their bank account via a mobile device or desktop, and have the funds delivered in three business days to any bank in the Philippines or one of Transfast's 16,000+ cash pickup locations.

"For our Filipino customers who plan their money transfers in advance, Transfast's Value+ product means no fees and more savings to pass along to their loved ones," says Samish Kumar, CEO.

U.S. customers who choose Value+ can send money at zero fees year-round. In Canada, Value+ will be offered at zero fees for a limited time.

Transfast offers the largest bank and cash pickup network in the Philippines, with a network that includes 16,000+ cash pickup locations and every bank in the Philippines. The company has long been a leader in the Philippines market, and in 2009 was the first money transfer company to offer instant bank deposits to the Philippines.

The company

also provides SMS updates to customers – especially important in a country sometimes called the "texting capital of the world."

"We make it as convenient as possible, with text updates, and giving our customers the ability to pick up at any one of our 16,000+ locations. If a location is closed or out of cash, it's no problem. There's always another location nearby," says Tina Cabanez, Director of eCommerce – Asia Pacific.

Transfast's omnichannel capabilities enable customers in the U.S. and Canada to send money to the Philippines via their mobile device or online, or in person around the world.

According to the World Bank, the Philippines attracted about $24.8 billion in remittances in 2014, contributing 9.8% of the country's GDP.

To send money online to the Philippines or for more information, visit www.transfast.com or download Transfast's app for iOS mobile devices for free.

About Transfast

Transfast, a leading provider of cross-border payments solutions to consumers and businesses globally, operates a proprietary network of over 200,000 payment points across 120+ countries in the Americas, Asia, Europe, and Africa. An industry innovator that has built an entirely new direct-to-bank network, Transfast is the best way to send money around the world, direct into bank accounts in local currency. For more information visit www.transfast.com.

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