I-Remit, Inc. announced that Mr. Floyd Patrick N. Piedad has been elected as a Director of the Corporation during the meeting of the Board of Directors of the Corporation held on 17 December 2021. He will serve as Director for the unexpired term of Mr. John Y. Tiu, Jr. The election of Mr. Piedad will be effective as soon as all the qualification requirements have been complied with. Mr. Piedad started his career in 1990 with IBM Philippines as a Services and Marketing Specialist.
I-Remit, Inc. is a Philippines-based company engaged in the business of servicing the remittance needs of overseas Filipino workers (OFWs) and other migrant workers. The Company's segments include Philippines, Asia Pacific, Europe and North America. The Company and its subsidiaries are primarily engaged in the business of fund transfer and remittance services of any form or kind of currencies or monies, either by electronic, telegraphic, wire or any other mode of transfer and undertakes the delivery of such funds or monies, both in the domestic and international market, by providing either courier or freight forwarding services, and conducts foreign exchange transactions. The Companyâs products and services include Bank-to-Bank, Notify-to-Pay, I-Remit Visa Card, Door-to-Door, Auxiliary Services and iRemit online platform (iRemitX). The Company operates its own offices in eight countries and is in partnership with over 100 financial institutions in 30 countries across the world.