OKLink, the blockchain settlement network founded by Star Xu, who is also the founder of Chinese crypto exchange OKCoin announced today partnership with Ayannah, a leading Philippines’ digital payment service provider, to provide real-time remittance to the Philippines via cash, bank accounts or e-wallet.
OKLink’s settlement platform currently allows transfer companies worldwide to send money to the Philippines for only 0.5%, a rate that is significantly lower than traditional incumbents. The partnership allows all 100+ companies on the OKLink network to make transactions within the same day to bank accounts; within 4 hours to cash pick-up locations across the Philippines; and real-time to mobile wallets via Ayannah’s mobile payment partner.
Founded in 2008, Ayannah operates the largest digital payment network in the Philippines, offering a host of digital financial services that focus on serving the needs of the unbanked. Ayannah has served over 10 million customers through its physical agents and online presence. The company serviced USD $150 million in remittances in 2016.
Miguel (Mikko) Perez, founder and CEO of Ayannah, commented on the partnership:
“Ayannah provides affordable and accessible digital financial services to the emerging middle class. As the largest digital payment network in the Philippines, we are very pleased to partner with OKLink, the world’s leading blockchain settlement system to provide our customers all over the world with more affordable and convenient options to send money to the Philippines.”
Jason Lau, Vice President of Business Development at OKLink, said:
“We are thrilled to work with Mikko and the entire Ayannah team on this partnership. We continue to pursue low cost instant transfers to every country in every payout form.”