According to the latest data released by the Bangko Sentral ng Pilipinas (BSP), personal remittances from overseas Filipinos have increased by 3.7% to US$2.88 billion in May this year — a truly positive turn for the Philippine economy. IMAGE CREDIT: https://www.rappler.com/moveph/ This rise reflects a steady flow of financial support from Filipinos working abroad, contributing […]
“Get paid without losing out.” This slogan encapsulates Wise’s mission: to provide international payments that maximize recipients’ funds while minimizing handling costs and ensuring transparency throughout the process, thus ensuring customer growth. This commitment has led to significant success for Wise, a global technology company renowned for its innovative solutions in international money transfers. The […]
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 […]
Wise, the global tech company revolutionizing international money movement and management, has officially launched in the Philippines. With the introduction of the “Wise Account” and “Wise Prepaid Card,” Filipinos can now receive, hold, and spend money globally without foreign transaction fees or exchange rate mark-ups. Research commissioned by the company reveals that 73 per cent […]
While remittances from Overseas Filipino Workers (OFWs) have become a vital lifeline for the Philippine economy, a new study by the Philippine Institute for Development Studies (PIDS) urges policymakers to look beyond remittances and address the complex social and emotional implications of labor migration. IMAGE CREDIT: https://www.historyextra.com/ Titled “Long-Term Effects of Labor Migration in the […]
Coins.ph, the Philippines’ leading cryptocurrency exchange and digital wallet provider, has announced a strategic partnership with Circle Internet Financial (Circle), a global fintech firm and issuer of USDC. IMAGE CREDIT: https://www.shutterstock.com/ The collaboration aims to raise awareness about the benefits of using USDC, the companies said in a joint press statement. According to the press […]
