Pomelo Launches First-Ever Rewards Program for International Money Transfer

SAN FRANCISCO, Feb. 6, 2025 /PRNewswire/ -- Pomelo, the first company to combine consumer credit with international money transfer, has released Pomelo Points, the industry's first points program for sending money overseas.

"Today marks another industry first - we're introducing the only points program in remittance," said Eric Velasquez Frenkiel, founder and CEO of Pomelo. "By combining zero-fee transfers with the ability to earn points, we're helping customers send extra joy to their loved ones, all while building their financial future."

The Pomelo Points program allows customers to earn points on every transfer to the Philippines, which can be converted into digital gift codes for rides, food delivery, and more through Pomelo's partnership with Grab, Southeast Asia's leading super-app.

With Pomelo Points, customers earn one point for every dollar sent using a debit card and two points when using their Pomelo Mastercard®.

The launch of Pomelo Points builds upon the company's existing innovations in the remittance space, including: 

• The only send now, pay later offering for international money transfer
• The only credit-building solution for international money transfer
• The most secure bank transfer service

Pomelo Points are now available to all Pomelo customers sending money to the Philippines, with plans to expand the program throughout 2025.

About Pomelo
Pomelo is the first financial technology platform to combine consumer credit with international money transfer. Through its partnership with Mastercard®, and Coastal Community Bank, Pomelo has developed a unique offering that allows customers in the United States to use and build credit while supporting loved ones overseas. The company's mission is to help immigrants build their financial future in America while maintaining strong connections with family abroad. Banking services are provided by Coastal Community Bank, Member FDIC.

For more information, visit pomelo.com.

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SOURCE Pomelo International, Inc.