Tag "remittances"
Philippines’ Outdated Outward Remittance Processes is Overdue for Revamp
As Asia’s third largest recipient of remittances, the Philippines relies heavily on money sent home by around 10 million Filipinos who live and work overseas. In 2019, personal remittances accounted for 9.3% of gross domestic product, according to Bangko Sentral
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Fintech Startups Make Moves in the Philippines as Remittance Inflows Recover
With lockdowns easing up, Filipinos based abroad are back at sending money home. According to data from ING, overseas Filipinos are defining expectations, sending a total of US$2.78 billion worth of remittances back to the Philippines in July, representing a
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ConsenSys Ventures Backs Philippine Crypto Trading Startup PDAX
Crypto-exchange platform Philippine Digital Asset Exchange (PDAX) has raised an undisclosed amount of investment made by ConsenSys Ventures, the venture capital arm of US-based blockchain software firm ConsenSys. Founded in 2017 by Nichel Gaba, Krystian Kucharzyk, and Yang Yang Zhang,
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