Neutronpay, a Canadian-based digital payment platform, has teamed up with Pouch.ph to offer speedy and affordable remittance services for Filipinos residing in Canada and Vietnam. The partnership leverages Bitcoin’s Lightning Network to convert Canadian dollars or Vietnamese dong into bitcoin, which is then converted into Philippine pesos and transferred directly to the recipient’s bank or mobile money account. This collaboration aims to provide a secure and cost-effective solution for Filipino expatriates who want to send money to their loved ones in the Philippines. The demand for remittances to the Philippines has been steadily growing, with personal remittances reaching a record high of $36.14 billion in 2022, according to the Banko Sentral ng Pilipinas. This highlights the importance of efficient and cost-effective remittance services to the Filipino community in Canada, which accounted for 3.6% of total remittances to the Philippines. The NeutronPay app is currently available exclusively on Canadian and Vietnamese app stores, while the Pouch.ph app can be downloaded from the Google Play Store and Apple Store. This partnership between Neutronpay and Pouch.ph brings lightning-fast remittance services to Filipinos in Canada and Vietnam, offering a convenient and cost-effective way to support their families and loved ones back home in the Philippines.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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