PERA HUB bags Philippines Technology Excellence Award for Fintech - Remittance for Digital Remittance Platform
As the remittance industry expands, it has become a challenge for many companies to meet the growing customer demands for more accessible financial services and forge connections with multiple financial partners all at once.
PERA HUB, the Philippines’ foremost consumer financial services center, aims to bridge this gap and create a more seamless process of connecting these businesses to a network of financial services provided in go.
Over the years, PERA HUB has been successful in bringing relevant remittance and cash transaction services to Filipinos through its over 3,000 locations nationwide. With PERA HUB’s capability to offer these financial services, it saw an opportunity to develop a new platform that would enable businesses to connect to their roster of financial partners.
In 2021, the company introduced the PERA HUB Digital Remittance Platform, Philippines’ and Southeast Asia’s first single aggregated application programming interface (API) remittance platform regulated by the Bangko Sentral ng Pilipinas.
The platform aims to allow businesses to connect to a network of remittance companies; retail and over-the-counter partners; major Philippine banks; wallets; and fintechs.
PERA HUB's platform provides a modern and secure API developer portal that enables partners to access the PERA HUB network with an Open API standard.
It is the company’s desire to empower customers to access digital financial services in the most convenient, safe, and affordable way. For remittance companies, the platform enables them to extend their reach --- not only to PERA HUB’s physical locations but also to the digital partner communities that PERA HUB serves. For PERA HUB’s digital partners, they are now able to offer their customers access to digital remittances through a single API.
Our goal is to build more connections as we offer world-class remittance and financial services that our market needs. We’re grateful to be recognised for our capability in creating relationships with partners in the industry and adopting fintech to bridge the market gap in the country through our digital remittance platform.
-Ian T. Ocampo, President and CEO, PETNET
PERA HUB’s remarkable development of its digital remittance platform has earned the recognition of the Asian Technology Excellence Awards, as the company brought home the Philippines Technology Excellence Award for Fintech - Remittance award.
The prestigious awards program aims to recognize exceptional companies that are riding the digital disruption wave and leading the technological revolution and digital transformation journeys in their respective industries.
This award is a stepping stone for us to continuously innovate and make progress towards adding real value to our customers and to our partner communities as well. We are excited to share what else PERA HUB can do in the field of fintech.
-Bryan Makasiar, Senior Assistant Vice President for Digital Business, PETNET
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