BCRemit Expands Digital Remittance Services to 23 Countries

Filipino-led fintech firm BCRemit has expanded its digital remittance services to 23 countries, marking a shift from its primary focus on overseas Filipino workers (OFWs) to a broader global audience, as reported by TN Global.

The company plans to introduce tailored cross-border payment solutions for small and medium-sized enterprises (SMEs), business process outsourcing (BPOs) firms, and freelancers.

This expansion aims to capture other major migrant markets, including those from India, Mexico, and China.

To start 2026, the firm will launch a new QR-payment collection feature in partnership with Coins.ph, designed to streamline outbound transfers from the Philippines.

The platform currently leverages blockchain technology and USDC stablecoins through a partnership with Circle Internet Financial to address traditional remittance challenges.

BCRemit has reportedly reduced transaction costs to approximately 1% through the use of this infrastructure.

This is significantly lower than the global average of 6.4% and allows for near-instant settlements compared to the standard three-to-five-day banking delays.

Since its establishment in 2015, the firm has processed over one million transactions with a total value exceeding $600 million.

Looking forward, BCRemit intends to evolve into an all-in-one financial platform by introducing loans, e-wallets, and investment products.

The company operates under regulatory oversight from several bodies, including the Bangko Sentral ng Pilipinas (BSP) and the UK’s Financial Conduct Authority (FCA).

Gio Calma, Co-Founder and Director, noted that the commitment to innovation is driven by the impact of financial delays on families, describing remittances as a “lifeline” for customers.

Featured image: Edited by Fintech News Philippines based on an image by sodawhiskey via Freepik.

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