Viamericas, a leading provider of remittance and international money transfer services, has launched its open payment network in the Philippines.
This strategic initiative provides an API that payors in the Philippines can connect to, providing access to faster, more affordable, and secure transfers for Filipinos receiving funds from abroad.
Financial institutions, payment service providers, and fintech companies can connect to the open payment network through Viamericas’ API. This integration option enables payors of all sizes to tap into the network’s capabilities, expanding their service offerings while maintaining full control over their customer experience.
The open payment network allows customers in the United States and Canada to send money to anyone within the network, regardless of their financial service provider. By leveraging existing payment infrastructure and combining multiple systems, the network dramatically improves accessibility and efficiency for international money transfers to the Philippines.
“This open payment network marks a transformative step in our commitment to the Filipino-American and Filipino-Canadian community,” said Paul Dwyer, Chief Executive Officer and Co-Founder of Viamericas. “We have created an ecosystem where money can move freely and securely across borders, reaching recipients through their preferred financial channels.”
As one of the world’s largest remittance markets, the Philippines receives billions of dollars in international transfers annually. Viamericas’ open payment network makes it easier for families in the U.S. and Canada to send money home by reducing costs, accelerating transaction speeds, and expanding service reach.