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Manila Bulletin devider Business devider Banking & Finance devider BPI partners with SingX for real-time remittance service

BPI partners with SingX for real-time remittance service

Published Nov 24, 2025 04:08 pm
Ayala-led Bank of the Philippine Islands (BPI) has partnered with leading digital payment services provider SingX Singapore Pte. Ltd. to give overseas Filipinos in Singapore, Hong Kong, and Australia a real-time remittance service.
BPI said that, through this partnership, its clients can transfer funds directly to their beneficiaries’ BPI accounts with ease and convenience—all powered by SingX’s fully digital platform.
“At BPI, we recognize the hard work and dedication of Filipinos abroad in supporting their families. Through our partnership with SingX, we are reaffirming our commitment to making banking and remittance services more accessible, cost-effective, and convenient, helping uplift the lives of our kababayans and their loved ones,” said Joel De Vera, head of strategy, products, and support group for institutional banking at BPI.
Established as a payment services company, SingX is licensed in three major financial centers in Asia-Pacific—Singapore, Hong Kong, and Australia.
The company serves consumers, businesses, and financial institutions, offering a variety of products, including international accounts, multi-currency wallets, collections, and payments to over 180 countries.
“SingX is a strategic partner for BPI because of its innovative technology, global reach, and customer-centric approach,” said De Vera.
He noted that, “Their platform allows Filipinos abroad to send money home seamlessly through a fully digital experience, aligned with BPI’s commitment to digitalization.”
There are no transaction limits when sending money through SingX, but there is a minimum fee of 3.75 Singapore dollar per transaction. Payments to Home Development Mutual Fund (Pag-IBIG Fund) and the Social Security System (SSS) are free of charge.
As of 2024, there were approximately 800,000 Filipinos residing and working across Singapore, Hong Kong, and Australia, many of whom regularly send financial support to their families in the Philippines.
“Remittances play a vital role in strengthening Filipino families and the national economy. By leveraging partnerships like this, BPI ensures that our overseas Filipinos have modern solutions that make every transaction simpler, faster, and more meaningful,” said De Vera.

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Bank of the Philippine Islands SingX Singapore Pte. Ltd.
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