Remittances

2 hours ago

Palawan group expands global reach with Pera Padala Abroad

The Palawan Group of Companies is widening its global footprint with the rollout of Pera Padala Abroad, a new outbound remittance service that enables Filipinos to send money to recipients in over 200 countries.

25 Nov 2025

6:44AM

BPI–SingX deal drives fast, secure remittances for OFWs

Bank of the Philippine Islands (BPI) has partnered with SingX Singapore Pte. Ltd., a leading digital payment services provider in Asia, to give Overseas Filipinos in Singapore, Hong Kong, and Australia a smarter, faster, and more secure way to send money home — instantly and around the clock.

31 Oct 2025

9:34AM

Palawan Express cuts domestic remittance fees to 1% this Christmas

Sending love through padala just got more affordable this holiday season. The Palawan Group of Companies has launched a nationwide promo cutting domestic remittance fees to just 1 percent per transaction from Oct. 1 to Dec. 31, 2025.

23 Oct 2025

8:31AM

Rising remittance costs weigh on SMEs, Payoneer offers relief

The average cost of sending money overseas climbed to 6.49 percent in the first quarter of 2025, up from 6.26 percent in the previous quarter, according to the World Bank’s Remittance Prices Worldwide (RPW) 2025 Report.

2 Oct 2025

10:50AM

Western Union debuts mobile app in PH with dual remittance tools

Western Union has launched a new mobile app in the Philippines, making the country the first global market to access an app that lets consumers both send and request money internationally.

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.