Remittances

15 Apr 2025

2:35PM

QUICK LOOK | OFW dollar remittances up 2.6% in Feb; slow, steady growth continues

The continued, albeit moderate, growth in remittances underscores their resilience amid global uncertainties. These inflows remain a key pillar of household consumption and foreign exchange liquidity in the Philippines.

7 Feb 2025

9:01AM

BDO and Japan’s Seven Bank strengthen alliance for fast, secure remittances to PH

The strategic alliance, which began in 2017, has proven to be a game-changer, enabling Filipinos in Japan to transfer money 24/7 through Seven Bank’s International Money Transfer app and its network of 27,000 ATMs.

15 Jan 2025

4:39PM

QUICK LOOK: Expat Filipino remittances on track for 3% growth in 2024 as of Nov.

In a statement, the central bank said the year-to-date total for January to November 2024 stands at $34.61 billion, reflecting a 3-percent growth compared to the same period in 2023.

16 Dec 2024

5:56PM

QUICK LOOK: Dollar remittances grew 2.7% in Oct; now over $31B year-to-date

The consistent rise in remittances underscores their vital role in supporting household spending and sustaining economic growth in the Philippines .

15 Oct 2024

2:42PM

Steady as she goes: Expatriate Filipino workers sent home more dollars in August

Since the start of 2024, expatriate Filipinos working or living around the world have sent home a total of $24.7 billion. This growth reflects the consistent flow of remittances from both land-based workers with long-term contracts and sea- and land-based workers with shorter engagements.

16 Sep 2024

12:30PM

Steady growth in dollar remittances continues with 3.2% increase in July 2024

This steady growth is largely driven by land-based workers with long-term contracts, as well as sea- and land-based workers with shorter-term contracts, the Bangko Sentral ng Pilipinas said in a statement on Monday.

16 Aug 2024

8:31AM

Like clockwork: June remittances rise as expat Filipinos send more dollars home for school expenses

The Bangko Sentral ng Pilipinas said this growth was primarily driven by higher remittances from land-based workers with contracts of one year or more, as well as sea- and land-based workers with shorter contracts.

15 Jul 2024

2:04PM

Overseas Filipino workers sent home more dollars in May, says BSP

Dollar remittances from overseas Filipino workers increased in May 2024, marking a 3.7% increment to reach $2.88 billion compared to $2.78 billion in May 2023, according to the latest data from the Bangko Sentral ng Pilipinas.

2 Jul 2024

7:40AM

Coming soon: fast, easy, cheap payments between the Philippines, Singapore, Malaysia, Thailand, India

The Bangko Sentral ng Pilipinas and the Bank for International Settlements, in collaboration with other central banks, have successfully completed the comprehensive blueprint for phase three of Project Nexus — an ambitious program that aims to seamlessly connect instant payment systems (IPS) across multiple countries.