After securing a license to operate in Europe, iRemit made true to its commitment of servicing overseas Filipino worker (OFWs) staying in the region with iRemit Europe.

Now, still the largest Filipino-owned non-bank remittance company, iRemit wants to strengthen its presence in Europe as it plans to open more branches in major cities in the region.

iRemit will be opening more branches in Europe, namely in Milan, Florence, Padua, Plato, Venice, Genoa and Naples, as stated in the company’s disclosure to the Philippine Stock Exchange.

Aside from those mentioned, iRemit president and chief operating officer Harris Jacildo said the also plans to open branches in France and Switzerland to tap and provide service to the the fast-growing European OFW market.

“This ambitious plan to open branches in the region simultaneously and aggressively pursue opportunities in other territories is a very strategic move that characterizes iRemit as an industry trailblazer,” Jacildo said.

And as Bansan Choa, chairman and chief executive officer of iRemit, the company deemed its high time to move into “previously unchartered territories” to take advantage of opportunities to expand the business and extend its target market to include more Filipinos and other nationals.

iRemit was founded in 2001, and to date still remains to be the largest Filipino-owned non-bank remittance company in the Philippines. It has already established presences in 27 countries in North America, Asia Pacific, Europe and the Middle East with more than 5,000 payout partners nationwide.

The largest Filipino-owned non-bank remittance company has further widen its customer base of overseas Filipino workers (OFWs).

iRemit was able to secure license to do business in Europe.

The remittance company stated in its disclosure to the Philippine Stock Exchange advising them of the registration of iRemit Europe in the general list of financial intermediaries as a provider of money transfer services under Art. 106 of the legislative decree of Italy’s Banking Law.

“With the said registration, the company will widen its market reach, allowing it to service the remittance needs of more Filipinos living and working in Italy,” iRemit said.

The company is also securing a license to operate in Macau to be able to reach to more Filipinos working overseas.