The first Tahweel Al Rajhi remittance center specially catering for Filipino customers will be opened on Monday (June 1). Located near Manila Plaza in the Batha area, Riyadh, the Tahweel Al Rajhi remittance center will provide Filipino expatriates with special offers and the best-dedicated service for sending remittances back home. The new head of Tahweel AlRajhi, Hazem Elhagrasey, announced this would also be the first day of a two-month promotion, whereby all customers are entitled to participate and have the chance to win prizes such as roundtrip tickets to Manila, electronic items, and free remittances for a whole year. Tahweel Al Rajhi leverages on its direct relationships with four major banks in the Philippines: BDO/EPCI Bank; Metro Bank; Bank of the Philippine Islands; and the Philippines Land Bank. Together, these banks constitute the largest network of bank branches, covering the country and enabling remittances to be sent and received with utmost efficiency. In addition, Tahweel Al Rajhi has recently partnered with Trans-Fast Remittance LLC as part of its continuous development plan. Elhagrasey said under the new system, “instant cash-to-cash remittances” could be sent to the Philippines at the lowest charges in the market for such a service. Trans-Fast has over 6,000 instant cash payout locations in the Philippines including the networks of both M.Lhuillier and Cebuana Lhullier pawnshops. The service includes conveniences such as SMS notification to the beneficiary once the payout is available, and SMS to the remitter once the payment is made to the beneficiary, both at no extra cost. __
