By John Carlo Guiang

Press Release

PERA HUB, one of the country's leading cash and payment related transaction center, sealed its partnership with two of the leading international remittance providers - iRemit and Transfast - to expand its nationwide retail footprint. The partnership allows PERA HUB’s over 3000 locations to cater to customers of iRemit and Transfast who may now claim their international peso remittances in any PERA HUB location.

The strategic partnerships are in line with the company’s direction to carry all relevant remittance companies to cater to more customers. PERA HUB was exclusive to Western Union for 20 years since it started its operations in 1998.

This partnership with two of the key players in the international remittance industry opens up better opportunities for PERA HUB to cater to the needs of more Filipinos for hassle-free and accessible remittance services which serve our group purpose of advancing business and communities. - Ian T. Ocampo, President and CEO, PETNET

PETNET is majority-owned by City Savings Bank, Inc. and Union Properties, Inc., both wholly-owned subsidiaries of Union Bank of the Philippines (UnionBank), the financial services strategic business unit of publicly-listed company Aboitiz Equity Ventures, Inc.

Listed as the largest Filipino-owned non-bank remittance service provider in the Philippine Stock Exchange (PSE), iRemit focuses on bridging the gaps between Overseas Filipino Workers (OFWs) in over 20 countries and their families in the Philippines through fund transfer and remittance services with its over 1,000 remittance outlets worldwide.

We are committed to give excellent service to every Filipino working overseas and this partnership with Pera Hub will help bring more convenience to their beneficiaries in the Philippines. - Harris Jacildo, President, I-Remit

Transfast is a global cross-border payments network provider which serves over 125 countries across Asia, Europe, Africa, Americas and Australia through its list of networks enabling person-to-person, business-to-person, and business-to-business payments services for more than 25 years today.

Transfast is pleased to announce the addition of PETNET to our network. Not only does this addition strengthen our reach in the Philippines but it also aligns with our goal of giving consumers the option to choose their location of convenience to collect money from. - Ma. Victoria Cruz, Senior Accounting Head, Transfast