January 25, 2019 Bank of Commerce, True Money partner to offer more remittance options. Bank of Commerce, an affiliate of San Miguel Corporation, recently partnered with True Money, one of Southeast Asia’s leading money remittance companies, to offer more cash payout options to Overseas Filipino Workers and their beneficiaries. With the partnership, remittances from abroad can now be received through over 6,500 International Remittance accepting – True Money outlets. The bank now has a remittance payout network of 16,000 outlets nationwide. In photo at the MOA signing are (from L-R) Bank of Commerce International Operations Division Head Morena Abadilla, Transaction Banking Group Head Gail Bautista, True Money Head of Marketing Joseph Ryan Co, True Money President Xavier Marzan, Bank of Commerce President & CEO Michelangelo Aguilar, Finance and Controllership Group Head Antonio Laquindanum, Remittance Business Consultant Amroussi Rasul, and Operations Group Head Jay S. Velasco.