BigPay, a Capital A venture capital firm, announced the launch of its cash pickup services in Indonesia and the Philippines, as an additional feature to its existing remittance functionality.
The Cash Pickup feature is available to all BigPay users in Malaysia and Singapore with over 14,000 cash pickup locations in the Philippines and Indonesia.
BigPay said it was looking to bridge the technology gap and help families access their funds without the need for a bank account with this launch.
To send money through the BigPay app, senders simply need to select the amount to deposit and the pickup location to securely send the funds.
Recipients in Indonesia and the Philippines can then go to the designated local pickup location within the specified time, provide the unique PIN and ID, and receive the money.
In Indonesia, recipients can withdraw their money from any POS Indonesia point.
Cash Pickup is also available in the Philippines at all BDO Cash Pickup, M Lhuillier, Cebuana Lhuillier, Palawan Pawnshop, LBC Express, SM Counters, BPI, Metrobank and RD Cash Padala Pawnshop stores.
“At BigPay, we believe in a world without financial borders where everyone has equal access to the products they need. As we expand our money transfer pillar within BigPay, cash pickup services are a choice natural to pursue our mission.
Our users across the region can now send money with just a few clicks to almost anywhere in the Philippines and all over Indonesia – and this opens up the product to many more people,”
said Salim Dhanani, CEO and co-founder of BigPay.
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