Remittances

7 Aug 2025

7:50AM

Remitly teams up with BDO for 24/7 secure money transfers to PH

Whether it’s midnight in California or noon in Manila, overseas Filipinos and their families share one pressing need: secure and reliable remittance services.

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.