#USA #San Francisco #Pomelo #Pomelo Points #Remittance Program

Pomelo's Game-Changing Rewards Program for Money Transfers

In a groundbreaking move for the financial technology sector, Pomelo has unveiled its latest offering: Pomelo Points, the world's first rewards program specifically designed for international money transfers. This initiative is part of Pomelo's commitment to revolutionizing remittance services while enhancing the financial well-being of immigrants and their families.

What is Pomelo?

Pomelo is recognized as the first fintech firm that effectively merges consumer credit with international money transfer capabilities. By partnering with Mastercard® and Coastal Community Bank, Pomelo has innovated a platform that allows users in the U.S. to send money to their loved ones abroad while also building their credit history. The company's mission is to enable immigrants to solidify their financial future in the United States while maintaining strong ties with family in their home countries.

Introduction of Pomelo Points

On February 6, 2025, Pomelo launched Pomelo Points, introducing an exciting new element to their service. With Pomelo Points, customers can accumulate points for every dollar they send to the Philippines, making money transfers not only rewarding but also economically beneficial. Specifically, users earn one point for every dollar sent when using a debit card, and two points per dollar with a Pomelo Mastercard®. This innovative points system is designed to incentivize more frequent transfers and support users emotionally by allowing them to send added joy to their recipients.

The points earned can be converted into digital gift codes redeemable for services from Grab, a leading super-app in Southeast Asia that includes food delivery, transportation, and more. This unique feature positions Pomelo as a leader in the fintech space, fully engaging its customers with attractive rewards that go beyond simple transactions.

An Industry First in Remittance

"Today marks another industry first; we're introducing the only points program in remittance," stated Eric Velasquez Frenkiel, Pomelo's founder and CEO. He emphasizes that Pomelo’s aim is to help customers send money while simultaneously building their financial future. The introduction of Pomelo Points follows a series of other industry-first initiatives by Pomelo, including:

• - The only 'send now, pay later' option for international money transfers
• - The solitary credit-building solution tailored for remittance
• - The most secure bank transfer service available today

These innovations illuminate Pomelo's dedication to enhancing customer experience and making international money transfer a more user-friendly and beneficial process.

Future Expansion Plans

Currently, Pomelo Points is available for customers sending money to the Philippines, but the company has grand plans for 2025. They are set to expand the program to include more countries, increasing accessibility and benefits for a wider range of customers.

Why Choose Pomelo?

By selecting Pomelo for international money transfers, users not only enjoy the advantages of zero-fee transfers but also have the opportunity to earn rewards while helping their families. This dual advantage serves to strengthen the financial independence of families separated by geography.

Conclusion

Pomelo's launch of the Pomelo Points rewards program is a pioneering step towards more integrated and satisfying financial services for those in the remittance market. As the sector continues to evolve, Pomelo is positioning itself as a trailblazer, committed to maximizing customer benefits and engagement. For more information about Pomelo and the new points program, visit pomelo.com.