WorldRemit Announces Winners of Holiday Season Promotion to Help Filipino Beneficiaries Start a Business

February 3, 2021 7:56 PM EST

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Beneficiaries in the Philippines have received one Grainsmart rice store franchise business package worth PHP 200,000

MANILA, Philippines--(BUSINESS WIRE)-- WorldRemit, a leading digital cross-border payments business, has announced the winners of its recent Grainsmart store franchise promotion, which enables customers to give their beneficiaries the opportunity to start a business in the Philippines.

WorldRemit customers qualified for the promotion by sending money to the Philippines and nominating a beneficiary of their choice. Frontline healthcare workers and teachers from countries including the United States, Canada and the United Kingdom were amongst the winners. Beneficiaries can now open Grainsmart stores across the Philippines; including Manila, Cebu, Tagum City and Davao.

“We’re so pleased to give recipients this great opportunity to start a business that will help them to support their families and become more financially stable. The franchisees have the option to expand these businesses and potentially create job opportunities for members of the wider community. This underlines our commitment to helping Overseas Filipino Workers to support those dearest to them back home,” said Earl Melivo, Country Director for the Philippines at WorldRemit.

Benjamin Batac, CEO at Grainsmart added, “It’s an honour to partner with a company — like WorldRemit — that shares our values. With many of the franchise contracts already signed, this promotion will create sustainable jobs and give much-needed support to Filipino farmers, many of whom are facing challenges due to the pandemic and recent natural disasters.”

Each Grainsmart franchise business package includes:

  • 60 sacks (25 kg each) of rice
  • A tablet that’s fully set up for a bills payment center account
  • Business signage, marketing collateral, and other business paraphernalia
  • An online training and mentorship program – to provide guidance for setting up the business for success.

As well as the COVID-19 pandemic, Filipinos have also had to deal with the devastation caused by recent Super Typhoons Goni (Rolly) and Typhoon Vamco (Ulysses), which have displaced thousands and destroyed livelihoods.

WorldRemit has partnerships with the biggest Philippine banks and financial institutions with more than 28,000 cash payout locations throughout the country. Take advantage of competitive exchange rates for the Philippine peso by visiting www.worldremit.com or downloading the app.

Winners were announced on the WorldRemit Facebook page (https://www.facebook.com/WorldRemit/).

For more details visit www.worldremit.com/pangkabuhayan.

WorldRemit

WorldRemit is a leading digital cross-border payments business. We disrupted an industry previously dominated by offline legacy players by taking international money transfers online - making them safer, faster and lower-cost. We currently send from more than 50 countries to 130+ receive countries, operate in 6,500 money transfer corridors worldwide and employ over 1,100 people worldwide.

On the sending side WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up and mobile money.

Backed by Accel, TCV and Leapfrog – WorldRemit’s headquarters are in London, United Kingdom with regional offices in the United States, Canada, Australia, New Zealand, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe and Belgium.

For more information visit www.worldremit.com.

For Media Inquiries
Kyara Kwan
APAC PR Lead
WorldRemit
kkwan@worldremit.com

Source: WorldRemit



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Business Wire, Press Releases