I-Remit, the largest non-bank Filipino-owned remittance company, was named the most innovative company in the Asia CEO Awards – Philippines 2011 in ceremonies held last Thursday, November 10, 2011 at the Marriott Hotel Manila.
The Asia CEO Awards, presented by American Express, recognizes the outstanding leadership achievements of individuals and organizations in Philippines.
Bansan C. Choa, chairman and chief executive officer, was also named one of the finalists in the global Filipino executive of the year award.
The most innovative company award is given to a Philippine-based organization that achieved important success within the Philippines or internationally. The company must have demonstrated Filipino or mixed Filipino and expatriate management talent performing at the highest standards and recognized as internationally significant.
I-Remit revolutionized the remittance business in the Philippines by being the first to utilize the Internet platform in providing remittance services. It utilizes its unique technological capabilities to provide faster and cheaper remittance services.The company has been known for continuously seeking ways to improve its business processes to offer a wider set of alternatives, and better products and services to its customers. I-Remit is currently present in 26 countries and territories throughout the world through its network of subsidiaries, joint ventures, strategic partnerships, and tie-ups. I-Remit maintains one of the widest and diversified networks for service fulfillment in the Philippine remittance industry through its partnership with commercial banks, thrift and rural banks, and pawnshops.
The company is one of the major players in ensuring that overseas Filipinos continue to have access to the government’s social development programs such as those administered by the Social Security System (SSS), the Home Development Mutual Fund (HDMF or Pag-IBIG), the Philippine Health Insurance Corporation (PhilHealth), and the Philippine Retirement Authority (PRA). These programs are crucial in contributing to the financial security of overseas Filipino workers and ensuring their successful re-integration into Philippine society when they return home.