BigPay, a Southeast Asian fintech company, today announced the launch of its Cash Pickup services in Indonesia and the Philippines, as an added feature to its existing remittance feature.
Cash Pickup is a delivery method through which BigPay users can transfer money to another recipient without a bank account, allowing the recipient to collect the money in cash from a physical partner location of their choice.
BigPay said that Indonesia and the Philippines are one of the strongest corridors that see the highest numbers of outbound remittances from Malaysia and Singapore, under it’s remittance service.
The service is now available at over 14,000 pick-up locations across the Philippines and Indonesia. In Indonesia, recipients can collect from any POS Indonesia location. Cash Pickup is also available in the Philippines at any BDO Cash Pickup, M Lhuillier, Cebuana Lhuillier, Palawan Pawnshop, LBC Express, SM Counters, BPI, Metrobank, and RD Cash Padala Pawnshop locations.
BigPay users who make their first BigPay international transfer via Cash Pickup will enjoy a free transfer.
“At BigPay, we believe in a financially borderless world where everyone has equitable access to the products they need. As we expand our remittance pillar within BigPay, Cash Pickup services are a natural fit to further our mission. Our users across the region can now send money in a few clicks to almost anywhere in the Philippines and across Indonesia – and this opens up the product to many more people. ,” said Salim Dhanani, CEO & Co-Founder of BigPay.
The Cash Pickup feature is available to all BigPay users in Malaysia and Singapore. To send money via the BigPay app, senders simply need to select the amount to remit and select the pickup location to send the funds securely. Their friends and families in Indonesia and the Philippines can head to the designated local pickup location within the specified timeframe, provide the unique PIN and a form of identification, and receive the cash conveniently.
Since its inception in 2017, Bigpay has over 2 million users in Malaysia and Singapore.