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Innovation is the Key for Remitly's continued Rapid Growth in the Philippines!

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International remittance firm Remitly is ready for expansion in the Philippine market with exclusive services for seafarers and for the local talent pool. 
Karim Meghji - Global Product Officer for Remitly

Karim Meghji the Global Chief Product Officer at Remitly emphasized the importance of adaptation the latest technologies and practices during Remitly's recent Tech Meetup.

The Philippines is the most familiar with money remittance worldwide with more than 10 million Overseas Filipino Workers with an influx of foreign currency that accounts for 9.8% of the country's Gross Domestic Product which peaks in the holiday season.

Close to US$30 billion in remittances flowed into the Philippines in 2016 according to the World Bank. With such robust activity coupled with consistent growth year-on-year, it makes perfect sense for Remitly to bolster operations here, said Remitly’s Global Chief Product Officer Karim Meghji.

The Philippine office is mostly composed of Customer Service Representatives but the company works with software engineers locally to help improve the products and services for the Filipino people.

Fresh from raising USD 115 million in Series D Funding, Meghji said that Remitly is looking at adopting new technologies and to make Remitly the service of choice for millions of Filipinos across the world.

Recently, Remitly created a service that enabled Filipino seafarers to send money without stepping out of the ship.

Just recently the company created a service that enabled Filipino seafarers to send money without leaving the ship.

This service saves workers the need to pay for huge remittance fees and saves the precious time in queue for the service. 

The company has the Remitly Scholars Program for students by paying their tuition fees through Remitly.

Bitcoin and Etherium could be next to be adopted in the growing potential online. Similar to traditional currencies, "cryptocurrencies" as they are called can be used in exchange for goods and services. Being fully digital, however, cryptocurrencies are not bound by central banks and international borders, which means they are not regulated by a single government or entity. At first they thought Bitcoin would change how payments were made but has since been a vehicle for saving value instead.

What do you guys think? Have you tried Remitly yet?
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