Metro Remittance Singapore Pte., Ltd. (MRSPL) was incorporated under the Companies Act (CAP 50) of Singapore on April 30, 2004. MRSPL is a wholly owned subsidiary of Metropolitan Bank and Trust Company, one of the largest banks in the Philippines.
MRSPL commenced operations in November 2004 after it was granted a license by Monetary Authority of Singapore (MAS) to operate as a money transmitter and money changer. The company offers money transmission services to Filipinos and other nationalities in Singapore who want to remit funds to the Philippines.
It aims to provide remitters with low cost and yet reliable money transfer services using its fully integrated Remittance System.