RediMoney
RediMoney Express Pte Ltd is a Singapore-licensed remittance and foreign exchange service operating as an accredited partner of Asia United Bank. It primarily serves overseas Filipino workers in Singapore sending funds to beneficiaries in the Philippines through AUB's GintongHatid remittance platform.
- Company typePrivate
- Founded1997
- HeadquartersSingapore, Singapore
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What RediMoney does
RediMoney is a Singapore-based licensed remittance and foreign exchange service operated by RediMoney Express Pte Ltd, a Singapore-incorporated private limited company. It operates as an accredited remittance tie-up partner of Asia United Bank (AUB), a Philippine commercial bank regulated by the Bangko Sentral ng Pilipinas. The service primarily serves overseas Filipino workers (OFWs) in Singapore who remit funds to beneficiaries in the Philippines, with a documented physical outlet at Lucky Plaza — a well-known OFW retail node — serving as the principal Singapore touchpoint. Distribution is delivered through AUB's GintongHatid Remittance System, which provides close to real-time processing, an online platform, ATM/Cash Card functionality, 24/7 customer support, and access to over 10,000 cash pick-up locations across the Philippines, with broader AUB reach spanning Asia, the Middle East, Europe, North America, and Oceania.
RediMoney's product surface is narrow and corridor-specific: cross-border remittance from Singapore to the Philippines, leveraging AUB's payout infrastructure rather than proprietary technology. No standalone mobile app, public API, SDK, or digital-only product was disclosed; service access is through the GintongHatid online platform, AUB's branch network, and partner outlets. The company has no documented patents, trademarks, AI/ML capabilities, or independent research and development activity; technical differentiation, to the extent it exists, is inherited from AUB's banking and remittance platform.
The business model is fee-based cross-border remittance, although specific pricing, take-rates, and revenue mechanics are not publicly disclosed. Revenue is not reported separately because RediMoney is a service brand within AUB's broader suite of deposit, lending, treasury, trust, credit card, and cash management products; AUB consolidates financial results at the parent level. The ownership structure of RediMoney Express Pte Ltd itself is not disclosed, and no public equity, venture funding, or parent-subsidiary relationship is documented in the source material.
RediMoney firmographics
Firmographics- Name
- RediMoney
- Legal name
- RediMoney Express Pte Ltd
- Website
- https://aub.com.ph
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- RediMoney Express Pte Ltd is a Singapore-licensed remittance and foreign exchange service operating as an accredited partner of Asia United Bank. It primarily serves overseas Filipino workers in Singapore sending funds to beneficiaries in the Philippines through AUB's GintongHatid remittance platform.
- Ownership category
- akta.pro rank
RediMoney industry classification
Industry- Product category
- Cross-Border Remittance Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Consumer P2P International Remittances (FSAGAKAA)
- akta.pro secondary industries
- Consumer Remittances (P2P) (FSAMAIAA), Remittances & Retail FX (Consumer Cross-Border) (FSABAAAK)
Keywords
Where RediMoney is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Markets served
RediMoney business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales
Distribution channels1 record
RediMoney product offering
Product offeringCore offering
RediMoney is a licensed cross-border remittance and foreign exchange service operated by RediMoney Express Pte Ltd, an accredited remittance tie-up partner of Asia United Bank (AUB). The service facilitates fund transfers primarily from Singapore to the Philippines for overseas Filipino workers and their families, with transactions processed through AUB's GintongHatid Remittance System enabling close to real-time settlement and access to over 10,000 cash pick-up locations in the Philippines.
Product overview
RediMoney is a remittance product offered by Asia United Bank (AUB). It is part of AUB's suite of financial services that includes deposit accounts, loans, credit cards, cash management (BizKit), and other banking products. RediMoney specifically targets the remittance market, connecting with international partner networks to facilitate fund transfers for overseas Filipino workers and other customers.
Differentiator
Problem solved
Functional benefit
Products and services
- RediMoney Remittance A cross-border remittance and foreign exchange service operated by RediMoney Express Pte Ltd that enables individuals, primarily overseas Filipino workers based in Singapore, to send money to beneficiaries in the Philippines. The service leverages AUB's GintongHatid Remittance System for close to real-time transaction processing and provides access to over 10,000 cash pick-up locations across the Philippines, with a dedicated retail outlet at Lucky Plaza in Singapore and an integrated card inquiry function.
Companies that use RediMoney
Customer profileIdeal customer profiles1 record
RediMoney technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
RediMoney partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Asia United Bank (AUB)coreRediMoney Express PTE Ltd operates as a remittance tie-up partner under AUB's GintongHatid remittance service network. The partnership enables OFWs and their families to conduct remittance transactions and receive funds through RediMoney's Singapore outlet at Lucky Plaza. RediMoney serves as an accredited remittance center facilitating fund transfers to the Philippines through AUB's banking infrastructure.
- AUB GintongHatid Remittance SystemcoreRediMoney Express is integrated into AUB's GintongHatid Remittance System, a highly integrated remittance facility that includes a comprehensive online platform, special packages, ATM/Cash Cards, and 24/7 Customer Support. The system enables close to real-time processing of remittance transactions with over 10,000 cash pick-up locations.
Recent moves4 records
Expansion highlights3 records
RediMoney competitors and assessment
Company assessmentEmerging players
- GCash: Philippine mobile wallet operated by Mynt/Globe Fintech that increasingly supports inbound remittances from Singapore. Comparable to RediMoney as a payout/destination channel for OFW remittances to the Philippines, but emerging as a digital disruptor to traditional remittance operators.
- Maya (PayMaya): Leading Philippine digital wallet and payments platform owned by Voyager Innovations. Comparable to RediMoney as a digital recipient/disbursement channel in the Philippines, competing for the same OFW remittance flow through mobile-first experiences.
Regional players
- Palawan Pawnshop: Major Philippines-based pawnshop and remittance payout network with thousands of branches. Comparable to RediMoney as a payout partner in the Philippine destination leg of the Singapore-Philippines remittance corridor, though it is primarily a payout network rather than an originator.
- Singcash: Singapore-based remittance service focused on Singapore-Philippines and other Southeast Asian corridors. Comparable to RediMoney as a Singapore-licensed remittance operator targeting the same OFW and migrant worker customer base in the Singapore-Philippines corridor.
- LBC Express: One of the largest Philippines-based remittance and cargo companies with strong Singapore presence and an extensive branch/payout network. Comparable to RediMoney as a Singapore-Philippines corridor player offering both remittance and FX services, but with a much larger domestic Philippine footprint.
Direct peers
- Remitly: Digital-first remittance company that explicitly identifies the Philippines as a top destination and Singapore as a key source market. Comparable to RediMoney in serving the Singapore-Philippines corridor via technology-led transfers, but with a proprietary mobile app and broader corridor coverage.
- Wise (TransferWise): Cross-border money transfer fintech offering SGD-PHP transfers at the mid-market rate with transparent fees. Comparable to RediMoney as a consumer cross-border remittance provider in the Singapore-Philippines corridor, but positioned as a digital-native low-cost alternative.
- WorldRemit: Digital cross-border remittance provider serving the Philippines from Singapore and other source markets. Comparable to RediMoney in the same consumer P2P international remittance space with a mobile-first model targeting diaspora customers.
Broad incumbents
- MoneyGram: Global money transfer operator with deep Philippines payout network and Singapore origin presence. Comparable to RediMoney in serving the same Singapore-Philippines remittance corridor with cash pick-up and digital options, but at much broader global scale.
- Western Union: The world's largest cross-border money transfer operator with extensive Singapore-Philippines corridor coverage. Comparable to RediMoney as a licensed remittance provider serving consumer P2P international transfers, though it operates at vastly larger scale and across all corridors.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
RediMoney social profiles
Digital presenceRediMoney financial estimates
Financial estimateRevenue estimate
Valuation estimate
RediMoney leadership team
Management profileNumber of profiles
RediMoney funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RediMoney M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RediMoney
What does RediMoney do?
RediMoney is a licensed cross-border remittance and foreign exchange service operated by RediMoney Express Pte Ltd, an accredited remittance tie-up partner of Asia United Bank (AUB). The service facilitates fund transfers primarily from Singapore to the Philippines for overseas Filipino workers and their families, with transactions processed through AUB's GintongHatid Remittance System enabling close to real-time settlement and access to over 10,000 cash pick-up locations in the Philippines.
Is RediMoney a public or private company?
RediMoney is a private company. It is classified as unknown and is currently operating.
When was RediMoney founded?
RediMoney was founded in 1997. It employs 1,001 to 5,000 people.
Where is RediMoney based?
RediMoney is headquartered in Singapore, Singapore, in the Asia region.
Who are RediMoney's main competitors?
Emerging players on record are GCash and Maya (PayMaya). Regional players are Palawan Pawnshop, Singcash and LBC Express. Direct peers are Remitly, Wise (TransferWise) and WorldRemit. Broad incumbents are MoneyGram and Western Union.
Does RediMoney have an API?
No public API is recorded for RediMoney.
What industry is RediMoney in?
RediMoney's product category is Cross-Border Remittance Services. Its primary akta.pro industry code is FSAGAKAA, Consumer P2P International Remittances, with a secondary code of FSAMAIAA, Consumer Remittances (P2P). Its NAICS code is 52232 and its SIC code is 6199.