Palawan Pawnshop, Cebuana, Lhuilier and M Lhuilier are Three of the Largest Pawnshop Businesses in the Philippines – Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The Philippines economy stood as the 40th largest economy in the world and has been one of the most budding amongst other economies in the Asian region in the last five years. The government of Philippines has carried out a string of legislative changes to improve the entrepreneurial environment and to make the private sector stronger to produce a healthy job growth. Higher growth in 2014 was largely led by fertile private consumption and construction, the revival of public spending as well as the growth in net exports. The growth in Philippines economy was the highest amongst the ASEAN-5 countries. One of the major factors that drove growth in private construction was the rising demand for residential and office space. The market for domestic money transfers in the Philippines has been exceedingly dynamic and has matured since the last five years. Practically everybody who wished to make a domestic money transfer or a remote bill payment does so and has a gamut of alternatives available in terms of the presence of numerous formal payments service providers (PSP) in a market with high competition. The market has also been flooded with informal means of making payments which include friends, family and vehicle drivers. Domestic money transfers encompass both remote money remittances and payment of bills. According to the central bank of the Philippines, approximately 8 out of 10 heads of Filipino households do not have any bank accounts, with the majority not having adequate cash accumulated for emergencies. The domestic remittance space in Philippines has largely been a cash-to-cash market, with the money flowing from several informal modes of payment such as friends, family, drivers and others. Pawnshops have been an important part of Philippines’ financial sector, surpassing banks in terms of physical reach. . Comparing to other financial institutions, pawnshops outnumbered savings and loans associations, universal and commercial banks, and rural banks. Palawan Pawnshop, Cebuana, Lhuilier and M Lhuilier are three of the largest pawnshop businesses in the Philippines, offering a variety of money transfer services. Philippines ranked as the third largest recipient of remittances worldwide in 2014, followed by France, Germany, Bangladesh, Belgium, Spain, and Nigeria, and trailed India and China. The Philippines received remittances from all over the globe. However, a momentous proportion of remittances were received from the US, followed by Saudi Arabia and UAE. Even though the US has not been amongst the leading destinations for Filipinos, it has continued to dominate the remittance inflows in the Philippines over the past five years. Filipinos have been recorded as the second largest immigrant group in the US, with the category being led by Mexican immigrants. The continued expansion of remittances in the past several years has been impelled by the sustained innovation on the part of banks, money transfer companies and other financial institutions which provide remittance services to overseas Filipino workers. Majority of the money remittances received by Filipino households are routed through commercial banks. On the other hand, money transfer companies such as I-Remit, LBC Express, Western Union, Xoom and Money Gram were also important remittance channels for OFWs in the Philippines. For further detail follow the below mentioned link: https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/philippines-remittance-market-research-report/2067-93.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@Kenresearch.Com +91-9015378249 Tags: Bill Payment Growth Driver Philippines, Cebuana Lhuilier Market Remittance Transaction, Future Prospect Philippines remittance, Inbound Remittance Philippines, LBC Express Revenue Philippines, Lhuilier Pawnshop Market, M Lhuilier number of remittance Philippines, Mobile Money Philippines Market, Money transfer market size, Palawan Pawnshop market share, Philippines Diaspora Market, Philippines money transfer sector, Philippines Pawnshop market, Remittance domestic market, Report remittance Philippines, Transaction volume remittance Philippines, Trends Development Philippines