Philippine Fintech BCRemit Expands Remittance Services to 23 Countries, Boosting Global Cross-Border Payments

BCRemit, a pioneering Philippines-owned fintech firm, has significantly expanded its operations to 23 countries, enhancing access to fast and affordable remittances for overseas workers.

Founded in 2015 by Oliver Calma and his son Gio Calma, the company draws from personal experiences with remittance delays to deliver innovative digital solutions.

Global Expansion and Target Markets

The expansion targets overseas Filipino workers while extending services to migrant communities from India, Mexico, and China.

BCRemit now caters to small and medium-sized enterprises, business process outsources, and freelancers with tailored cross-border payment options.

Blockchain Innovation Driving Efficiency

Through a strategic partnership with Circle Internet Financial, BCRemit leverages blockchain technology and USDC stablecoins for near-instant settlements.

This reduces transaction costs to about 1%, far below the global average of 6.4%, eliminating traditional 3-5 day banking delays.

Regulatory Strength and Proven Track Record

The firm operates under strict oversight from the Bangko Sentral ng Pilipinas, UK’s Financial Conduct Authority, Banco de España, and Bank of Canada.

Having processed over 1 million transactions worth more than $600 million, BCRemit solidifies its role in the $2.91 billion Philippine remittance market as of late 2025.

Future Growth and Broader Impact

In 2026, a QR-payment feature with Coins.ph will launch to streamline outbound remittances from the Philippines.

Looking ahead, BCRemit aims to evolve into an all-in-one platform offering loans, e-wallets, stablecoins, and investments.

Oliver Calma stated, “Our mission has always been to show that Filipino-led innovation can offer transformative solutions to the world.”

This growth underscores the rising influence of Philippine fintech on the global stage, promising greater financial inclusion for migrants worldwide.