Take the case of international money transfers, which overseas Filipino workers (OFWs) use to send money to loved ones back home. The same applies to bank-to-bank money transfers, which OFWs also use to send money to their family. This technology is already in use today: Pundi X just rolled out the Pundi X POS at FAMA Group restaurants in Hong Kong. Businesses that do so will enjoy many benefits, just like the FAMA Group did in Hong Kong with its Pundi X POS deployment. More consumers will also want to give Pundi X POS a spin, adding further new business for retailers.

Source: Philippine Star September 23, 2018 16:07 UTC