Fast and Secure Remittance: BDO and Japan’s Seven Bank Grows from Strength to Strength

Using Seven Bank's International Money Transfer mobile app, Overseas Filipinos in Japan are assured of 24x7 delivery of their remittances to their loved ones back home.

BDO’s remittance network in Japan started with the opening of a BDO Remit office in Shinjuku. The alliance with Seven Bank a year later enabled BDO to reach customers beyond the Shinjuku/Tokyo area to various prefectures of Japan.

When sending cash to their families back home, Overseas Filipinos in Japan largely look for convenience and reliability. On these two fronts, BDO Unibank, Inc. (BDO) and Seven Bank recently renewed their commitment to continuously satisfy loyal Kabayans as well as attract new ones to their growing platform.

The strategic alliance of the banking leaders from two of Asia’s robust economies was off to a great start when it was first announced back in 2017. Now seven years later, both institutions recognize the collaboration has brought many benefits to their customers. BDO and Seven Bank are exploring more opportunities for their partnership to expand across other products and services.

President and Representative Director of Seven Bank Masaaki Matsuhashi commended BDO for its focus on customers. “This is a common value Seven Bank has as well. BDO is very passionate and aggressive to provide new services to customers, so we want to have a good partnership with BDO to do things together with them.”

Currently, clients can easily transfer money from Japan to the Philippines using the Seven Bank’s International Money Transfer app on their mobile phones.

According to BDO Senior Vice President and head of Remittance, Genie T. Gloria, “We saw that one hurdle for Filipino workers in Japan is visiting banks and remittance centers during daytime because of their work schedule. Our alliance with Seven Bank is a game changer, allowing 24x7 remittance through their mobile app and ATM network of 27,000 all over Japan.”

Recognizing BDO’s global reach, Matsuhashi said: “For Filipinos living in Japan, everybody knows BDO, and everybody feels secure and safe with the BDO network. Filipinos in Japan also know Seven Bank. They know BDO and Seven Bank as trustworthy and reliable banks.”

BDO offers unrivalled physical and digital footprint for Overseas Filipinos and families. With BDO Kabayan Savings, beneficiaries can easily receive and withdraw money 24x7 from any parts of the Philippines through BDO’s over 5,700 ATMs. There’s also the Cash Pick-up Anywhere, where they can claim money at more than 14,000 locations nationwide including from over 1,700 BDO and BDO Network Bank branches; BDO Remit counters inside SM malls; and more than 12,000 Cash Agad partner-agents.

On top of its wide accessibility, Matsuhashi also recognized BDO’s reliability as a partner and in delivering services to its customers. “In the remittance business in general, there are some cases wherein the remittance failed to be sent. With BDO, all transactions are successfully sent by the senders and received by the beneficiaries. This is one of the strengths BDO has.”

Seven Bank's positive views and experience are shared by BDO's vast and long-standing network of remittance partners from different parts of the globe, including North America, Europe, the Middle East, and Asia-Pacific.

Overseas Filipino remittances are one of the largest in the world and reached a historic high of US$37.2 billion in 2023.