TRANSFAST Expands Instant Bank Deposits for Money Transfers to the Philippines to Over 20 Banks


New York, July 24, 2014 (GLOBE NEWSWIRE) -- TRANSFAST, a leading international money transfer company, expanded its instant money transfer service to more than 20 banks across the Philippines. This builds on TRANSFAST's pioneering instant deposit capabilities first launched in 2009. With the expansion to more than 20 bank partners, TRANSFAST is the first money transfer company worldwide that enables customers from the Americas, Europe, and Asia to make instant deposits 24x7x365 including weekends and holidays--whether online at or in person at agent locations--to the Philippines.

Samish Kumar, CEO of TRANSFAST, stated: "Together with our new Filipino banking partners, TRANSFAST continues to build on our industry-leading investment in the Philippines market. Our continued commitment to technological innovation helps deliver an unparalleled combination of value, convenience, and service for Filipino customers around the world."

Partner banks in the Philippines include BDO, Philippine National Bank, and Bank of Commerce. Further details--including the complete roster of Filipino partner banks--are available at


TRANSFAST, a fast-growing, international, money transfer and payments company in the $436 billion annual global remittance industry, operates a proprietary network of over 200,000 payment points across more than 100 countries in the Americas, Asia, Europe, and Africa. TRANSFAST's cutting-edge technology and systems enable the company to reach a large and broad market. TRANSFAST pioneered the e-money transfer solution and has brought to market products such as international instant bank deposits - enabling customers to send money instantly to recipient bank accounts 24x7x365. TRANSFAST, licensed in over 50 jurisdictions around the world including US, Canada, Europe, Asia, and Africa, is headquartered in New York City with offices in Asia, Africa, Europe, and Latin America.

CONTACT: For additional info about this release or TRANSFAST, contact: Myron Michalski +1-212-382-2828 ext. 5051

Source: Trans-Fast