Insider Spotlight
The expansion
Founded in 2015, BCRemit built its name by offering faster and lower-cost remittance services to Filipinos abroad.
Now, the company is rolling out cross-border payment solutions tailored for small and medium-sized enterprises, business process outsourcing firms, and freelancers.
The move positions BCRemit to serve other major migrant corridors, including India, Mexico, and China, as it seeks to evolve into a global financial partner beyond its Filipino roots.
"Our mission has always been to show that Filipino-led innovation can offer transformative solutions to the world. By expanding our services beyond our core community, we aim to serve as a global financial partner built on Filipino values ready to serve the world’s most dynamic economies,” Oliver Calma, founder and CEO of BCRemit, said in a press statement.
New payment rails
BCRemit will kick off 2026 with a QR-payment collection feature in partnership with Coins.ph, designed to streamline outbound remittances from the Philippines.
The feature strengthens its integrations with major e-wallet platforms and taps into a remittance market that reached $2.91 billion in November 2025.
To support scale, the company is leveraging its partnership with Circle Internet Financial, using blockchain infrastructure and USDC stablecoins to reduce transaction costs to 1 percent.
That undercuts the global average remittance cost of 6.4 percent and enables near-instant settlement, compared with traditional bank transfers that can take three to five days.
Scaling the platform
Since launch, BCRemit has processed over 1 million transactions totaling more than $600 million, underscoring its capacity to handle high-volume cross-border flows.
Looking ahead, the company plans to diversify into loans, e-wallets, stablecoin services, and investments as part of its vision to become an all-in-one financial platform.
"We saw firsthand the impact of financial delays on our own family growing up, and that drives our commitment to innovation today," said Gio Calma, co-founder and director of BCRemit.
"We understand that for our customers, remittances aren’t just transactions, they’re a lifeline. As we expand, we remain focused on creating a trusted financial gateway that serves every Filipino from around the world."
Operating under the oversight of the Bangko Sentral ng Pilipinas, the UK Financial Conduct Authority and HMRC, Banco de España, and the Bank of Canada, BCRemit aims to serve more than 10.8 million overseas Filipinos worldwide while extending Filipino-led fintech innovation to new global markets. —Vanessa Hidalgo | Ed: Corrie S. Narisma
