Company News

Filipino-owned non-bank remittance service provider I-Remit, Inc. and 8990 Holdings, Inc., signed a global collection agreement to provide convenience and enhance the credit and collection efficiency of 8990 Holdings, Inc. by authorizing I-Remit to act as the payment collection and remittance agent for monthly amortization and other payments of our DECA homeowners, Overseas Filipino workers, immigrants and other nationalities abroad.

In his statement, CEO JJ Atencio said that,” We value this partnership as  i-Remit’s payment collection facility will be greatly benefited by our DECA homeowners nationwide with 28% of our homeowners are buyers abroad who will experience smoother transaction on their remittances using i-Remit’s services.”

Atencio added,”Remittances from OFWs will continue to rise and DECA Homes as being the retirement nest egg of choice, the number of our proud homeowners is set to grow alongside their new assets.”

Moreover, I-Remit is committed on providing safe and easy transaction with their line of products such as iRemit Visa card, Bank to Bank, Door to Door, Remittance Pick-up and I-Remit Direct Online that will allow DECA homeowners to conduct remittance transactions through the use of any Internet-enabled device. Once the payment has been processed, it is directly wired to the corresponding bank account in the Philippines.

“Given that we provide world-class remittance and payment service to the global Filipino, part of our mission is to establish mutually-rewarding business partnership with companies. With 8990, we want to assure that the remittances of the OFWs will go directly to their families back home,” said i-Remit CEO Bansan Choa.

i-Remit currently maintains its presence in 26 countries and territories throughout the world through its network more than 1,400 remittance outlets consisting of subsidiaries, joint ventures, strategic partnerships, and tie-ups.

Recently, 8990 released its 3rd Quarter Operating and Financial Report with 12% growth to continue the momentum this year.