Last $2.54 PHP
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As of 2:17 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

i-remit inc (I) Snapshot

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52 Week High
09/27/13 - $2.98
52 Week Low
05/27/14 - $2.23
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Average Volume 10 Days
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Current Stock Chart for I-REMIT INC (I)

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i-remit inc (I) Details

I-Remit, Inc. provides fund transfer and remittance services to the overseas Filipino workers (OFWs) and other migrant workers worldwide. Its products and services include iRemit Visa Card, a debit and automated teller machine card-in-one that allows instant crediting of remittances from abroad; iCredit, a bank-to-bank online crediting facility; iDeliver, a door-to-door delivery of cash remittances to beneficiaries through in-house and third party couriers; and iNotify, which allows OFW beneficiaries to pick-up remittances from the branches of various commercial and thrift banks, and pawnshops. The company also provides iShop services that deliver Pinoy gifts and pasalubong; iPay bills payment service, which accepts payments for membership contributions, loan payments, and insurance premium; Globe G-Cash and Smart Padala short message service remittances; and iRemit Direct Online Remittance System, an Internet-based remittance service. In addition, it offers 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, as well as various insurance, pre-need, and real estate companies. The company operates a network of approximately 1,400 remittance outlets covering various OFWs and Filipino migrants, and various strategic partnerships and tie-ups with various local and international banks, pawnshops, couriers, and telecommunications companies. I-Remit, Inc. was incorporated in 2001 and is headquartered in Pasig City, the Philippines.

375 Employees
Last Reported Date: 04/16/14
Founded in 2001

i-remit inc (I) Top Compensated Officers

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i-remit inc (I) Key Developments

I-Remit, Inc. Approves Amendment to the Articles of Incorporation

At its meeting of the board of directors of I-Remit, Inc. held on March 21, 2014, the board approved the amendment of the corporation's principal office address in its Articles of Incorporation, pursuant to SEC Memorandum Circular No. 6, Series of 2014. The shareholders approved the amendment made to the articles of incorporation during the corporation's annual stockholders meeting held on July 28, 2014.

I-Remit Announces Cash Dividend, Payable on September 17, 2014

The Board of Directors of I-Remit, Inc., during its special meeting on July 22, 2014, authorized the declaration cash dividend of Five Centavos (0.05) per share, out of the Corporation's unrestricted retained earnings, payable to all stockholders-of-record of the Corporation as of 20 August 2014. Payment date will be on or before 17 September 2014.

I-Remit, Inc., Board Meeting, Jun 30, 2014

I-Remit, Inc., Board Meeting, Jun 30, 2014. Agenda: To approve revised manual on corporate governance.


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Price/Sales 1.9x
Price/Book 1.2x
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