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9 Jun 2023
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Remittances

Fintech News 

Binance Philippines Chief on How Blockchain Can Make OFW Remittances Faster and Cheaper

25 Nov 202229 Nov 2022 Shiela Bertillo binance, Kenneth Stern, OFW, Remittances 6 min read

Binance Philippines’ Kenneth Stern counts the ways in which blockchain can help OFWs send their money faster and cheaper back to the country.

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How To Guides News Regulation 

What is SWIFT? | Payments, Sanctions, and Role in Global Money Transfer

16 Mar 202216 Mar 2022 Julian Barcega 0 Comments Money Transfer, Remittances, SWIFT 2 min read

SWIFT is a key component to any country’s progress in terms of bank transfers, locally and internationally.

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Feature Fintech News 

Defying Bearish Projections, Cash Remittances Only Slid by 0.3 Percent

26 Feb 202126 Feb 2021 Michael Mislos 0 Comments BSP, Personal Remittances, Remittances 1 min read

The World Bank previously estimated that that there would be a 13% decline in local remittances because of the pandemic.

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News 

Personal Remittances Reaches $24.6 Billion for First 9 Months of 2019

19 Nov 201919 Oct 2020 Michael Mislos 0 Comments BSP, philippines, Remittances 1 min read

For the first 9 months, the recorded inflow is $22.2 billion for cash remittances versus US$21.3 billion within the same period last year.

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News 

BSP: Personal Remittances Reach US$22 Billion in the First Eight Months of 2019

17 Oct 201920 Oct 2020 BitPinas 0 Comments BSP, philippines, Remittances 2 min read

The regulator further said that cash remittances coursed through banks have also increased.

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News 

Ripple: PH Must Take Steps to Make Remittances More Efficient

28 Jun 201921 Oct 2020 Michael Mislos 0 Comments philippines, Remittances, Ripple, XRP 1 min read

Ripple also said that they are working with a local PH bank but declined to identify it by name.

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