Use of traditional banks for money transfers by majority of Filipinos leads to higher fees and extra costs — study
Research commissioned by Wise, a global money transfer firm, reveals that 73% of Filipinos still use traditional platforms like domestic banks for international transactions, leading to higher fees. Additionally, only 21 per cent are aware of the “extra costs” charged to them through exchange rate mark-ups. Given the importance of remittances to the Philippines, which […]