The partnership establishes: "Payout", where inbound money remittances are sent via RIA’s global payment network abroad and cash out (cash pickup) is done through LBC branches in the Philippines.
The partnership was formalized in a contract signing ceremony held at RIA’s head office at Philamlife Tower in Makati City last October 18, 2022. Present during the contract signing were Oliver Valentin, LBC EVP/COO Philippine Branch Operations, Denzil Acay, LBC Money Sales Manager, Raquel Aquino, RIA Country Manager Philippines, and Artemis Emen, RIA Compliance Officer Philippines.
