I-Remit, Inc. (iRemit), the country’s largest non-bank remittance firm, recently partnered with LTD/MFO Intel Express Georgia (Intel Express) to service some 40,000 Filipinos in Greece and tap into new markets like Georgia, other former Soviet Union countries as well as the rest of Europe.

iRemit embarked on its new remittance corridor via its subsidiary IREMIT EUROPE Remittance Consulting AG. Intel Express , a remittance company licensed by the National Bank of Georgia, will receive remittances from Filipino overseas workers and immigrants in Greece while iRemit will distribute the remittance proceeds to their beneficiaries in the Philippines.

Filipinos are among the most highly educated foreign workers in Greece. Some 70% of them are sea-based and 30% that are land-based. Among the land-based Filipinos, 78.1% are female.

In addition, iRemit will also accept remittances going to some 5 million people in Georgia, which is in south western Asia between Turkey and Russia, bordering the Black Sea,. More than half, or 3.5 million of the country’s population reside and work in other European countries, according to Harris Jacildo, president and COO of iRemit.

iRemit is now positioning itself to open other remittance corridors all over the world announced chairman and CEO, Bansan Choa. “This partnership with Intel Express is very strategic as it boosts iRemit’s efforts to offer remittance services, not only for the Philippine corridor but for other countries as well. The unparalleled remittance services that we provide for Filipinos abroad will be extended to other nationalities.”

iRemit and Intel Express agreed to open other mutually-interesting corridors between European countries (UK, Italy, Austria) and the former Soviet Union countries such as Armenia, Moldova, Azerbaijan, Russia, Ukraine and other countries.

"With a shared roadmap and with both companies long-term commitments, our respective customers can expect fast and cost-effective remittance services,” he added.

iRemit is present in 27 countries spanning the territories of Europe, North America, Middle East, Asia, and the Pacific.