While the Philippines peso plunges on a seven-year low, as reported from the stock market this week, US dollar shoots with $1 = Php48.25 which made financial market bled again. Initial reports blame the noise in politics as the reason to why the peso hits this downfall anew. But that’s a different story.
Still, many from the business sector are optimistic that after the noise dies down, everything will be back to normal.
The said financial crisis did not affect foreign players to invest and open up offices here in the country, just as like what Payoneer just did a couple of days ago.
Payoneer, a leading online payments company transforming the way businesses send and receive cross-border payments, officially opened its first office in Taguig City, a booming CBD part of Metro Manila, to expand its Asia Pacific region operations.
The New York-based global financial services firm that provides payment solutions to giant entities such as Google, Amazon, Upwork, and Airbnb, as well as millions of small businesses throughout the world, is strengthening its presence in a country that is already familiar with its services. Its local presence in Manila will enable Payoneer to offer even better service to freelancers and creative outsourcing professionals, as well as the growing numbers of SMEs in the IT and BPO industry in the Philippines.
This announcement might be a good timing for freelancers especially that a bill is filed in the Senate to protect freelance workers’ rights.
Why Choose Payoneer?
“With all the global opportunities in online business, the last thing Filipino freelance professionals, online entrepreneurs, and SME BPOs need to worry about is getting paid by their international clients. Payoneer can provide them with fast, flexible, ans low-cost solutions that will help them scale their global businesses,” said Miguel Warren, who was recently named as Payoneer Country Manager in the Philippines.
“At Payoneer, it is our mission to empower entrepreneurs and small business owners in the Philippines to connect with opportunities that will help them grow their global business and achieve their potential,” said Scott Galit, Payoneer CEO. “The freelance and outsourcing market in the Philippines sets a great example to the rest of the world and it is an honor to help their continued expansion by providing a secure, low-cost platform for cross-border payments.”
Compared with other online payment platforms, Payoneer has the lowest charging and conversion fees with 2-4 days processing time. Lower fees only means more pesos for your hard work.
Payoneer has millions of users from over 200 countries and territories worldwide.
You can visit Payoneer’s website www.payoneer.com/ph to know more how they keep on empowering Filipino businesses and professionals.
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