Philippines Domestic and International Money Transfer Industry Outlook to 2019 - Driven by Mobile Money and Increase in OFWs
Philippines Domestic and International Money Transfer Industry Outlook to 2019 - Driven by Mobile Money and Increase in OFWs Philippines international remittance market is expected to reach USD 36 billion by 2019 Philippines domestic remittance market is expected to reach USD 8,814.5 million by 2019 Future growth of the remittance market is expected to be lead by mobile money transfers and regions such as the US and Saudi Arabia Major banks include Banco de Oro, The Bank of Philippine Islands and the Philippines National Bank whereas major MTOs include Palawan Pawnshop, LBC and Cebuana Lhuilier Ken Research announced its latest publication on “Philippines Domestic and International Money Transfer Industry Outlook to 2019” which provides a comprehensive analysis of international and domestic remittances in the Philippines. The report covers various aspects such as market size on the basis of total volume of domestic and international remittances and bills paid. The report