Philippines saw that cash remittances reached US$3.24 billion in July 2026, up 1.9% from US$3.18 billion in July 2025, according to the Bangko Sentral ng Pilipinas (BSP).
The United States remained the top source of inflows, followed by Singapore and Saudi Arabia, based on reported remittance transactions by origin.
For the January-July period, cash remittances totalled US$20.39 billion, up 2.3% from US$19.93 billion a year earlier.
Land-based workers accounted for US$16.35 billion of that total, up 2.4%, while sea-based workers contributed US$4.04 billion, up 2.0%.
Seasonally adjusted personal remittances also increased in July.
These include cash sent through banks and informal channels, as well as remittances in kind. The rise points to stronger underlying remittance momentum after accounting for recurring seasonal patterns.
Personal remittances reached US$3.60 billion for the month, up 2.0% year-on-year. They totalled US$22.73 billion for the January-July period, up 2.3%.
By country, the United States accounted for 39.7% of cash remittances in the January-July period. Singapore followed at 7.1%, then Saudi Arabia at 6.3%, Japan at 5.0% and the United Kingdom at 4.7%.
The rest of the world made up 37.1%.
The country breakdown shifts when split by worker type. Land-based workers accounted for 80.2% of total cash remittances.
Among them, Saudi Arabia actually ranked ahead of Singapore, at 7.8% versus 6.3%, with the UAE at 5.5% and the UK at 4.6%.
Sea-based workers made up the remaining 19.8% of the total. Among them, Singapore led at 10.3%, followed by Japan at 7.4% and Germany at 5.8%.
Cash and personal remittances both grew in the January-July period.
BSP said this continued to support household consumption and domestic economic activity, underscoring the resilience of remittance flows as a source of external financing and household income.
The figures follow a record 2025, when cash remittances reached US$35.63 billion for the full year. BSP is forecasting growth to US$36.6 billion in 2026.
Featured image: Edited by Fintech News Philippines based on an image by SJasminum via Wikimedia Commons.
