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PhilPaSS-REMIT

IV. Benefits in using PhilPaSS REMIT System

            OFs and their beneficiaries will experience the following benefits:

    1. Lower cost of remittance;
    2. Safer and faster credit to the accounts of the beneficiaries;
    3. Efficient feedback mechanism to inform the remitter of the posting status of the remittance funds to ultimate beneficiaries; and
    4. Use of banking services for savings and investment purposes.