Remittances are payments sent from one person to another, usually from one country to another. Remittances are non-commercial, so no goods are being traded.

THE Philippines is set to post another record high in cash remittances from overseas Filipinos in 2025, with inflows reaching ...

Using digital money services or sending funds via debit, credit or prepaid cards can keep your transfer exempt from the 1% ...

MONEY SENT HOME by overseas Filipino workers (OFW) fell to its lowest level in six months in November, the Bangko Sentral ng Pilipinas (BSP) reported.

The new 1% federal excise tax on certain cash and money transfers starting in 2026 is not a nuisance fee you can shrug off. For households that move money across borders, run cash-heavy businesses, or ...

Carrie Brandon Elliot reviews questions and action plans generated by the January 1 effective date of a 1 percent tax on remittances from the U.S. to foreign recipients.

Remittances are important because the act of sending money by migrant workers to their families and other individuals is typically spent in full on gross domestic products in their home countries.

Overseas Filipino workers’ (OFW) remittances are expected to grow despite a new US tax that took effect Jan. 1. Maybank Investment Banking Group economist Azril Rosli on Tuesday said that while the ...

Overseas Filipinos can also now use foreign-issued Visa cards as a funding source inside the GCash Overseas app ...

Economic Survey suggests real-time TDS remittance by banks instead of batches, and a treasury manager to invest short-term ...

It’s a story as old as America itself: immigrants in this country, who sought work and opportunity in the U.S., send money ...