Philippines International Remittance Market Size on the Basis of Transaction Volume in USD million 2011-2016 – ken Research Philippines has been one of the fastest growing economies in the ASEAN regions during the past five years. With an improvement in economy which has been facilitated by an increase in trade, the country plans to achieve more than 6% GDP growth rate in the coming years. The market for domestic money transfers in the… Read More »
Rapid Adaption of Internet Technology, Increase in OFWs and Elevation in Banked Population to Expand Remittances in Philippines Increase in Usage of Digital Systems and Banking Facilities Along With Rise in Incomes of Overseas Filipino Workers to Support Market Growth Remittances have formed a crucial aspect for the population of the Philippines as they have relied significantly on the money transferred from OFWs to carry out their day to day tasks. Due… Read More »
