In the Philippines, working abroad is not only a material choice – it is a national imperative. Bereft of job opportunities at home, young Filipinos see a life overseas as their only opportunity for reliable and lucrative employment. In so doing, however, few forget their obligations to the families and communities they leave behind. In 2019, some $33.5bn was sent home by roughly 2.2 million Filipinos working abroad, now domestic workers in Italy, construction workers in Japan, or sailors in the Arctic.
How the Pandemic Triggered a Digital Revolution in Money Transfers
Location
Global
Millions switched to digital remittances last year, saving costs and improving financial inclusion. Experts hope that trend will continue.
Location
Global
Topic
Empowered Customers