Pomelos Remit Now Pay
“Can combining consumer credit with zero-fee international remittance displace traditional money transfer operators for US immigrant communities sending money abroad?”
Founded in 2022 by Eric Velasquez Frenkiel, Pomelo launched as the first company to combine consumer credit and international money transfer — specifically targeting US immigrant families sending money to the Philippines. The core product is a Mastercard charge card (the Pomelo Mastercard) that lets users send money to GCash wallets or Philippine banks with no transfer fees, and pay back the balance monthly. Powered by Galileo's API platform for card processing, Pomelo has positioned its 'Remit Now, Pay Later' (RNPL) model as a direct competitor to traditional remittance services by monetizing through credit rather than transfer fees.