The Philippines is the second largest remittance recipient country in Asia. With the numbers growing each year, migrants are now sending billions of dollars overseas back to the Philippines through the banking systems.
As a leading country when it comes to sending money overseas as well, the Philippines is known for their focus in business and in familial ties. Remittance inflows to the Philippines have grown from $1.46 billion in 1990 to over $25 billion in 2014. Many Filipino workers move from their home country to different parts of the world to make a living, yet still maintain a close bond with their family. For this reason, the remittance business in the Philippines has continued to flourish and be a key component of the Philippine economy.
The remittance market in the Philippines has kept up with technological advances over the years, as sending money to the Philippines has begun to make its way in with both the big and small players in the remittance business. Remittances mainly come from the United States, Saudi Arabia and the United Arab Emirates. We work with all top remittance service providers to ensure that our users are able to send money to their families in the Philippines.
Helps remittance users to find the best way to send money abroad to their loved ones, friends and family
Makes it easier & more profitable for businesses to make international payments & global transfer
Creates a marketplace for money transfer providers to reach out to a highly valuable remittance audience
CompareRemit is like a savior. It has always helped me in providing the best value from different remittance companies. The data is accurate and trustworthy. It's a one-stop solution to your hard-earned money. Cheers CompareRemit!
I have been receiving CompareRemit email services for the past two years. This gives me my preferred currency update right in my inbox which is very convenient. Great services to compare currency exchange rate from a variety of remittance agent services.
We have been working with the CompareRemit team for over a year. CompareRemit is an excellent platform for money transfer companies to connect with Indian customers. It delivers on its mission of making exchange rate shopping easy and transparent. The team is fair and very responsive to our needs. It is a pleasure to do business with CompareRemit.
Komal Rathi, COO