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GPO Box 4487
Sydney NSW 2001 , Level 4, 220 George Street Sydney NSW 2000

Telephone: 1800 812 164

© 2019 Opportunity International AustraliaABN 83 003 805 043

Your ImpactDelivering Innovation
in the Philippineswith digital financial services

4 in 5
Filipinos don't have a bank account
10,000+
agents
61,863
total transactions to date 2018

As at June 2018

Your giving is helping families on their journey out of poverty by making it easier and more affordable for them to access loans and other financial services that strengthen their resilience and help them to thrive.

In 2016, thanks to your support, coupled with funding from the Australian Government, Opportunity’s partner in the Philippines OK Remit successfully launched its unified payments platform. 

This project is supported by the Australian Government through the Australian NGO Cooperation Program (ANCP).


Your Updates

Your latest update

Continuing the strong growth of 2017, the OK Remit platform has handled 61,863 transactions so far this year – 14,115 more than for the same period last year.

Much of this growth – 80% – has been in remittance transactions as the expanding agent network creates access for more communities across the Philippines.

GROWING AGENT FOOTPRINT BRINGS OK REMIT TO MORE COMMUNITIES

OK Remit now has an agent footprint of over 10,000 across the Philippines. This includes 547 OK Remit managing agents. Managing agents have direct agreements with OK Remit and are responsible for managing multiple sub agents. Alongside these, we're forming strategic partnerships with existing remittance providers – agreements have recently been signed with Western Union, the leading global remittance provider, and Mlhuillier – one of the top three Filipino remittance companies with over 2,000 agents.

MORE FAMILIES ACCESSING THEIR OPPORTUNITY CARD

Throughout 2018 the OK Remit Opportunity card has been rolled out to more families across the Philippines. Recently microfinance partner TSKI began a pilot with around 7,500 small loan clients receiving their card to date. Behind the scenes, integrating the OK Remit Opportunity card with microfinance partner systems requires a pilot period and user-testing to work through any issues. Pending final testing, the TSKI team have scheduled expanding access to all clients in the coming months. 

Results Summary

 

June 2018 (YTD)

+/- June 2017

Total transactions

61,863

+14,115

Remittance transactions

32,206

+11,029

Loan distribution transactions

29,657

+3,086

New customers enrolled

32,549

-3,895

Average send amount

$81

-$7

Your past updates

March 2018 October 2017 March 2017


Stories of digital inclusion

Jeffry

New Meet Jeffry


Jeffry is helping transform his community through his business - the Happy Link Remittance Center.

Read More

Alwan Pharmacy

Meet Linda

Over the years Linda’s thriving business has grown steadily. She’s always looking for new products or extra services her customers need.

By becoming a community agent Linda connects her community to the opportunities of managing their money.

Read more

Cavite branch team

Branches where they're needed

Accessing a bank is a major challenge for many families in the Philippines. OK Remit's growing network of agents across the country is overcoming this challenge by bringing affordable and reliable financial services to families.

Read more

ASKI loan client Analyn outside her sari-sari store

Beyond remittances

OK Remit is proving a versatile platform for bringing digital inclusion to Filipino families. Following a successful pilot, this January Opportunity's program partner ASKI began using OK Remit for disbursing all loans.

Read more


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