I-Remit, Inc. (I) is engaged in the business of servicing the fund transfer and remittance needs of Overseas Filipino Workers and other migrant workers. I was incorporated on March 5, 2001 and started commercial operations on November 11, 2001.
The Company is a duly registered remittance and transfer company with the Bangko Sentral ng Pilipinas (BSP) as well as an Anti-Money Laundering Act-compliant in all of the countries it has operations in. In 2019, the BSP approved I’s request to operate as an electronic money issuer.
I and its subsidiaries are primarily engaged in the business of fund transfer and remittance services, from abroad into the Philippines; undertaking the delivery of such funds or monies, both in the domestic and international market, by providing courier or freight forwarding services; and conducting foreign exchange transactions as may be allowed by law and other allied activities, including financial derivatives activities such as foreign currency swaps, forwards, options or other similar instruments.
I’s list of services also includes auxiliary services such as liaising and coordinating with, and accepting and distributing membership contributions, loan amortization payments, and premium payments to various government and non-government entities such as the Social Security System, the Home Development Mutual Fund, the Philippine Retirement Authority, and the Philippine Health Insurance Corporation, as well as various insurance, pre-need, and real estate companies.
The Company’s wholly-owned subsidiaries include International Remittance (Canada) Ltd.; I-Remit Australia Pty. Ltd.; IREMIT Remittance Consulting GmbH; IRemit Global Remittance Limited; I-Remit New Zealand Limited; Lucky Star Management Limited; Power Star Asia Group Limited; Worldwide Exchange Pty. Ltd.; I-Remittance Singapore Pte. Ltd.; K.K. I-Remit Japan; and IRemit Consulting Società Per Azioni. I’s affiliates are Hwa Kung Hong & Co. Ltd. and IRemit Singapore Pte Ltd.
As of December 31, 2019, I-Remit operates in 23 countries and territories worldwide.
Source: SEC Form 17-A (2019)
- Business Address: 26/F Discovery Centre, ADB Avenue, Ortigas Centre, Pasig City, Philippines
- Telephone No/s.: (02) 8706-9999
- Fax No.: (02) 8706-2768
- Email Address: firstname.lastname@example.org
- Company Website : https://iremitx.com
Board of Directors
|Chairman and Independent Director||Arsenio M. Bartolome III|
|Vice-Chairman||Ben C. Tiu|
|Director||Bansan C. Choa|
|Director||Harris D. Jacildo|
|Director||Calixto V. Chikiamco|
|Director||Gilbert C. Gaw|
|Director||A. Bayani K. Tan|
|Director||John Y. Tiu, Jr.|
|Independent Director||Jose Joel Y. Pusta|
|Independent Director||Felix Adelfo B. Lopez, Jr.|
|Chief Executive Officer||Ben C. Tiu|
|President||Harris D. Jacildo|
|Corporate Secretary||Anna Francesca C. Respicio|
|Assistance Corporate Secretary||Ysabel Fatima N. Trinidad|
|Senior Vice President and |
Chief Financial Officer
|Bernadette Cindy C. Tiu|
|Compliance Officer||Froilan Miguel G. Alcantara|
|Regulatory and Corporate Affairs |
Head and Investor Relations Officer
|Maria Carmela C. Lajom|
|Risk Head||Kristoffer Dennis M. Villa-Ignacio|
|Audit Head||Eselito C. Ruiz|