Overseas Filipinos in Japan prioritize convenience and reliability when transferring money home. BDO Unibank, Inc. (BDO) and Seven Bank have pledged to satisfy loyal Kabayans and attract new ones to their growing platform.
The 2017 announcement of the strategic alliance of banking leaders from two of Asia’s strong economies was promising. Seven years later, both institutions agree the relationship has benefited their clients. BDO and Seven Bank are exploring ways to expand their cooperation to other products and services.
Seven Bank President and Representative Director Masaaki Matsuhashi praised BDO’s customer emphasis. Seven Bank shares this value. BDO is passionate and aggressive about offering innovative services to customers, so we want to work with them.”
Seven Bank’s International Money Transfer app allows clients to transfer money from Japan to the Philippines conveniently on their mobile phones.
BDO Senior Vice President and head of Remittance Genie T. Gloria said, “We saw that one hurdle for Filipino workers in Japan is visiting banks and remittance centers during the daytime due to their work schedule. Our partnership with Seven Bank is a game changer, enabling 24×7 remittance via their mobile app and 27,000 ATMs across Japan.”
Matsuhashi noted BDO’s global reach: “For Filipinos living in Japan, everybody knows BDO and feels secure and safe with the BDO network. Seven Bank is known to Filipinos in Japan. BDO and Seven Bank are trusted and reliable.”
BDO has the largest physical and digital presence for overseas Filipinos and families. With BDO Kabayan Savings, beneficiaries can receive and withdraw money 24/7 from anywhere in the Philippines using over 5,700 ATMs. Cash Pick-up Anywhere lets them claim money at over 14,000 sites nationwide, including over 1,700 BDO and BDO Network Bank branches, BDO Remit counters in SM malls, and over 12,000 Cash Agad partner-agents.
BDO’s reliability as a partner and service provider impressed Matsuhashi, along with its extensive accessibility. “Remittances sometimes fail to send in the remittance business. With BDO, senders and recipients complete all transactions. This is a BDO strength.
BDO’s broad and long-standing network of remittance partners from North America, Europe, the Middle East, and Asia-Pacific shares Seven Bank’s favorable views and expertise.
Overseas Filipino remittances are one of the largest in the world and reached a historic high of US$37.2 billion in 2023.