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I-Remit, Inc.

Company Description
I-Remit, Inc. (I) is engaged in the business of servicing the fund transfer and remittance needs of Overseas Filipino Workers (OFWs) and other migrant workers. I was incorporated on March 5, 2001 and started commercial operations on November 11, 2001. The Company is a duly registered remittance agent with the Bangko Sentral ng Pilipinas as well as an Anti-Money Laundering Act-compliant in all of the countries it operates. On June 11, 2013, the Board of I approved the amendment of the Company’s primary purpose wherein the Company will no longer be limited to engaging in ”spot” foreign currency transactions and will be able to engage in financial derivatives activities such as foreign currency swaps, forwards, options or other similar instruments.

I's list of services also includes auxiliary services such as liaising and coordinating with, and accepting and distributing membership contributions, loan amortization payments, and premium payments to various government and non-government entities such as the Social Security System, the Home Development Mutual Fund, the Philippine Retirement Authority, and the Philippine Health Insurance Corporation, as well as various insurance, pre-need, and real estate companies.

The Company's wholly-owned subsidiaries are as follows: International Remittance (Canada) Ltd.; I-Remit Australia Pty. Ltd.; IREMIT Remittance Consulting GmbH (former IREMIT EUROPE Remittance Consulting AG); IRemit Global Remittance Limited; I-Remit New Zealand Limited; Lucky Star Management Limited; Power Star Asia Group Limited; Worldwide Exchange Pty. Ltd.; and I-Remittance Singapore Pte.Ltd. The company has other subsidiaries namely: K.K. I-Remit Japan and Hwa Kung Hong & Co. Ltd., and IRemit Singapore Pte. Ltd. is an affiliate.

As of December 31, 2016, I-Remit operates in 27 countries and territories worldwide.

Source: SEC Form 17-A (2016)
Security Information
Sector Financials
Subsector Other Financial Institutions
Corporate Life 50
Incorporation Date Mar 05, 2001
Number of Directors 11
Stockholders' Meeting as per By-Laws July of each year
Fiscal Year 12/31 (Month/Day)
External Auditor R.S. Bernaldo & Associates
Transfer Agent Rizal Commercial Banking Corporation - Stock Transfer Dept.
Contact Information
Business Address 26/F Discovery Centre, ADB Avenue, Ortigas Centre, Pasig City, Philippines
E-mail Address
Telephone Number (02) 706-9999
Fax Number (02) 706-2768