Money Transfer Services in the Philippines

May 26, 2022

A remittance center is a financial service provider that allows consumers to send or receive money anywhere in the world, including the United States. These companies, which have several physical locations, provide a traditional manner for Filipinos without a bank account, PayPal account, or internet connectivity to send money.

All around the Philippines, about 20,000 money transfer outlets are operating, including far-flung barangays where banks and ATMs are sparse. These money service firms attract many unbanked Filipinos because of their various financial services such as pawning, bills payment, foreign exchange, and e-loading, in addition to their accessibility.

Customers can send cash to their loved ones, make payments, or claim remittances from overseas by simply going to the nearest remittance center. Money is typically transferred and ready for pick-up within minutes or less.

OFWs who send money back home, as well as their families who receive such remittances, are frequently served by a remittance center in the Philippines. It also allows online money transfers and home-based enterprises to collect payments from clients who do not have a credit card or a savings account to receive payments.

One of the Philippines’ fastest-growing remittance companies.

Optimum Exchange Remit 

Through its many product offerings, Optimum Exchange Remit serves as the fulfillment arm in the Philippines for its various remittance tie-ups in Kuwait, the UAE, Saudi Arabia, Hong Kong, Singapore, and Saipan.

In Evia Lifestyle Center, Vista Mall SOMO, Vista Mall Tanza, Vistamall Bataan, Starmall Edsa-Shaw and Starmall SJDM they have branches under the name and design of AllCash located inside the Customer Service area of AllDay Supermarket and AllHome. There are competitive exchange rates available at AllCash for up to 15 currencies.

Advantages of having a Payout Partner

  • Better Rates And Increased Advocacy
  • Improved Processes And Better Customer Support
  • Overall Customer Experience

The payment transaction is one of the most critical processes in the order-to-cash cycle in the field service business. Field service firms of all sizes must understand how to manage their payment processes and how to get a substantial competitive edge with the right partner.

Here are the list of Optimum Remit Exchange Partners

Cebuana Lhuillier Pera Padala

Cebuana Lhuillier Pera Padala

Cebuana Lhuillier Pera Padala Rates

  • Domestic Remittance Rates: PHP 1.00 – PHP 1,200
  • Overseas Remittance Rates: PHP 500 – PHP 1,200

Cebuana Lhuillier Operating Hours: Branches operate from Mondays to Sundays, 6 branches are open 24 hours a day, 7 days a week

Number of Branches in the Philippines: Nearly 2,500 branches and 4,000 Pera Padala agents

Number of Branches Worldwide: Over 80 international remittance partners

Cebuana Lhuillier offers their 24k Rewards Program for frequent customers. For every PHP 40 remittance fee paid, earn one point. Accumulated points can be exchanged for discounts, exclusive privileges, and other special offers. They also cater to online appointments so transactions can be made faster if you already have a schedule beforehand.


  • AllCash Padala Rates: PHP 10.00 – PHP 320
  • Operating Hours: 9 a.m. to 6 p.m. Monday to Sunday
  • AllCash Services:
  • Money Change
  • Bills Payment
  • CTPL Insurance
  • RFID Reloading
  • E-loading

M Lhuillier Kwarta Padala

M Lhuillier Kwarta Padala

Rates for ML Kwarta Padala: PHP 3– PHP 350

M Lhuillier’s Basic Information:

  • Operation Hours for M Lhuillier: The majority of branches are open Monday through Sunday until 10 p.m., with 150 locations operating 24 hours per day, seven days a week. On national holidays, M Lhuillier branches are closed.
  • In the Philippines, there are over 2,000 ML Kwarta Padala branches.
  • Branches throughout the world: Almost 100 international partner agents

Notable Characteristics of ML Kwarta Padala:

  • There are 24/7 branches in major cities that can be reached.
  • Convenience with the ML Gift Card: Available in PHP 500 and PHP 1,000 denominations, this scratch card allows you to send money from your mobile phone at any time and from any location in the country.

Palawan Express Pera Padala

Palawan Express Pera Padala

PHP 2 – PHP 345 per person in Palawan Pera Padala

Palawan Express Basic Information:

  • Remittances can be claimed within a few seconds of being sent from a Palawan Express branch.
  • Palawan Express branches are open from 8 a.m. to 8 p.m. seven days a week (including holidays). to 5:30 p.m. Some of the partner agents’ business hours are shorter or longer than others.
  • In the Philippines, there are over 2,900 branches and Pera Padala agents.

Notable Features of Palawan Pera Padala:

  • Using the Suki Card to Save Money: A loyalty rewards program that gives you a 5% discount and 2% rewards points on every remittance cost, along with refunds when you claim money[6].
  • When a remittance has been transmitted, is ready for pick-up, and has been claimed, remittance senders and recipients receive a text message.

RD Pawnshop Cash Padala

Rates for RD Cash Padala: PHP 0 – PHP 311

RD Pawnshop’s Basic Information:

  • Real-time transfer speed
  • Operation Hours: RD Pawnshop locations are open Monday through Sunday, excluding holidays (except for Christmas, New Year, Good Friday, and Black Saturday). The majority of branches open at 7 a.m., while business hours vary by region. Until 7 p.m.
  • In the Philippines, there are about 1,300 branches.

Notable Features of RD Pawnshop Cash Padala:

  • Sending PHP 100 or less is free with our free money transfer service.
  • Remittance discounts start at PHP 301.
  • Remittance rebates start at PHP 901 per transaction.



Service partners can use the DA5 remittance business to transfer or receive money worldwide or domestically using Western Union. Every remittance, whether it is sent out or received, pays out to the company partners. The larger the profit, the more transactions handled.

DA5 Basic Information:

  • Operation Hours for M Lhuillier: 8AM–5PM
  • Real-time transfer speed

Notable Features of DA5:



BDO is a full-service universal bank in the Philippines. It provides a complete array of industry-leading products and services including Lending (corporate and consumer), Deposit-taking, Foreign Exchange, Brokering, Trust and Investments, Credit Cards, Retail Cash Cards, Corporate Cash Management and Remittances in the Philippines. Through its local subsidiaries, the Bank offers Investment Banking, Private Banking, Leasing and Finance, Rural Banking, Life Insurance, Insurance Brokerage and Online and Non-Online Brokerage services.

  • 1,500 operating branches and offices,  
  • 4,400 ATMs nationwide 
  • 16 international offices (including full-service branches in Hong Kong and Singapore) spread across Asia, Europe, North America, and the Middle East.
  • As of 30 September 2021, BDO is the country’s largest bank in terms of consolidated resources, customer loans, deposits, assets under management and capital, as well as branch and ATM network nationwide.
  • recipient of multiple awards


LBC Instant Peso Padala Rates

Same-day remittance (up to PHP 5,000 only): PHP 6.00 – PHP 220

Next-day door-to-door delivery (up to PHP 5,000 only): PHP 35.00 – PHP 320

Operating Hours: LBC branches are open seven days a week, office hours may also vary per location.

Number of Branches: Over 6,400 branches in the Philippines and partner agents in more than 30 countries

LBC is well-known as one of the top delivery courier services in the country. Now, not only can you send goodies to your loved ones but cash as well. More conveniently, LBC’s Peso Pak Door-to-Door Delivery offers to have cash delivered straight to the recipient’s home or office address. No need for pickups, just send them straight over to your loved ones for their convenience. This is a great option for senior citizens and persons with disabilities who may have difficulty going to places.


Is in the business of providing working-class Filipinos and business owners with specialized finance products and services. The primary purpose of AllBank is to contribute to the growth of not just the neighborhoods where its branches are located, but also the businesses that surround them.

In comparison to our competitors, AllBank additionally offers incredibly competitive rates that yield higher returns. Because of our top-notch customer service innovations, banking with us is never a chore.

Quick Facts

  • Thrift bank is what it’s called.
  • As of December 31, 2020, there are 17 branches and 29 ATMs.
  • Working-class Filipinos and SMEs are key markets.

Remittance Services:

Optimum Remit Cash Pick-up