The Bank of the Philippine Islands (BPI) has expanded its digital remittance capabilities through a new partnership with SingX Singapore Pte. Ltd., giving Filipinos in Singapore a faster and more convenient way to send money home. The collaboration enables users to transfer funds instantly to any BPI account for a flat fee of $3.75 per transaction, available around the clock through SingX’s fully online platform.
Aside from regular transfers, payments directed to government agencies such as the Home Development Mutual Fund (Pag-IBIG) and the Social Security System (SSS) will be processed free of charge. Clients only need to complete a one-time verification step before they can begin sending money.
BPI said the partnership reflects its strategy of deepening its digital footprint across key overseas markets. Joel De Vera, head of strategy under BPI’s Strategy, Products, and Support Group for Institutional Banking, described SingX as a natural fit because of its technology-driven operations, global network, and focus on user-friendly services. He noted that the platform supports the bank’s goal of giving Filipinos abroad a seamless, fully digital remittance experience.
The initiative is expected to benefit a large population of overseas Filipinos, with BPI estimating that close to 800,000 lived and worked in Singapore, Hong Kong, and Australia in 2024. For many of them, the service offers a simplified and reliable channel for supporting families back home without the delays and paperwork associated with traditional remittance counters.