Archive for November, 2014

Sydney, 28 November 2014 –The industry body representing remittance providers, or money transfer operators (MTOs), has urged Australia’s major banks and regulators to fast-track dialogue leading to a viable operating model for the remittance industry, following the Federal Court’s granting today of an interim injunction against Westpac closing down the accounts of MTOs. (more…)

Hundreds of migrant communities across Australia will lose their ability to send money home to family and friends safely and securely if banks continue their plans to close the accounts of remitters.

Without bank accounts in Australia, money transfer providers cannot complete the transfer of their customers’ funds to destination countries, which means that hundreds of thousands of Filipino migrants will no longer be able to support their families and communities overseas. (more…)

Hundreds of migrant communities across Australia will lose their ability to send money home to family and friends safely and securely if banks continue their plans to close the accounts of remitters.

Without bank accounts in Australia, money transfer providers cannot complete the transfer of their customers’ funds to destination countries, which means that hundreds of thousands of Filipino migrants will no longer be able to support their families and communities overseas.

For many Filipinos living in Australia, the low-cost, secure money transfer services of registered remitters is the only way they can send essential funds home safely and securely. These funds are considered a lifeline to the many communities that depend on them. (more…)