DUBAI (via PLDT) - Overseas Filipino workers (OFWs) can now send to
their relatives back home their remittances faster, cheaper, and more secure

with the use of a LandBank OFW Cash Card.

President Gloria Macapagal-Arroyo launched the OFW Cash Card during
her meeting with the Filipino community at the Madinat Jumeirah Hotel here

on Sunday.

The President said the card is among the package of government
programs in recognition of the contributions and sacrifices of OFWs who bear

the brunt of the strong peso.

Finance Secretary and LandBank Chairman Margarito Teves said the
launching of the OFW Cash Card is in response to the President's Administrative

Order No. 215 directing the Land Bank of the Philippines to provide cheaper

remittance services for OFWs.

The LandBank OFW Cash Card is an electronic debit card linked to a Smart

cellular phone that would enable telephone companies or banks abroad to

offer mobile phone-based remittances.

An overseas worker can load cash to the OFW Cash Card linked to a Smart

cellphone and send it electronically to pay bills or transfer funds directly to the

OFW Cash Cards of their relatives in the Philippines.

When done, the OFW sender then instantaneously receives on his/her
cellphone a confirmation that the money has been transferred. - END -