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July 19, 2024

BankCom sees growth amid rising remittances

Bank of Commerce (BankCom), affiliated with San Miguel Corporation (SMC), envisions growth potential for its “SIKAPPINOY Asenso” remittance platform in Japan, following increased remittances from overseas Filipinos, as reported by the Bangko Sentral ng Pilipinas (BSP).

BankCom President and CEO Michelangelo R. Aguilar attributes the program’s success to strong partnerships with established remittance service providers, aiming to meet the evolving needs of OFW customers.

Launched in August, the “Asenso” platform facilitates cash remittances, offers diverse payout options, and provides access to business investments, including over 200 franchising opportunities in the Philippines.