October 24, 2019 | The Asian Banker
- InstaPay, a game changer for Metrobank in remittances
- Strong system integration with real impact on customer services
- Above industry average leading growth in transaction volume
Manila, 10 October 2019 -Metrobankreceived Remittance Product of the at The Asian Banker Philippine Awards 2019. The awards ceremony was held in conjunction with The Asian Banker Finance Philippines, the foremost annual meeting for decision makers in the financial services industry in the Philippines, held on 10th October at Shangri-La at the Fort, Manila.
From left to right: Faith Masekesa, senior researcher for Africa, The Asian Banker; the Metrobank team; (fourth from left) Foo Boon Ping, managing editor and Wilson Chia, international resource director, The Asian Banker
InstaPay, a game changer for Metrobank in remittances
This bank was the first big bank in the Philippines that was able to integrate InstaPay to its own remittance back end system and to offer this architecture via API to global remittance fintech companies without asking to change their system. Leveraging on InstaPay for this bank resulted in almost real time transactions and a reduction in cost. The bank fully migrated to InstaPay by end of 2018, and is among the leading sending institution.
Strong system integration with real impact on customer services
In case of a network-related transaction account to account error, the system will automatically retry ...
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