WorldRemit waives transfer fees for remittances to the Philippines

Digital payments platform WorldRemit will waive its transfer fees on remittances made to the Philippines until November 10, as the country deals with the aftermath of Super Typhoon Rolly (international name: Goni) along with the COVID-19 pandemic.

In an advisory, WorldRemit said its transfer fees were waived starting November 4, and will last until next Tuesday, November 10, when customers input the code "PHRolly" in transactions made through the website or its mobile application.

"Like the entire global community, the Philippines has been adversely affected by the COVID-19 pandemic but must now also deal with the devastation caused by this natural disaster," said WorldRemit country director for the Philippines Earl Melivo.

"This is why we are waiving our fees for anyone who wants to support the people of the Philippines during this challenging time. A number of those on the ground will be relying on this source of income to help rebuild their lives," he added.

Rolly -- said to be the worst storm in 2020 -- hit the Philippines over the weekend, and exited the country's area of responsibility on Tuesday.

Latest data available from the central bank showed that cash remittances or money coursed through banks declined by 4.1% to $2.483 billion in August.—AOL, GMA News