The Philippine Amusement and Gaming Corporation (PAGCOR) has intensified its collaboration with the Philippine Savings Bank (PSC) to boost remittance flows from overseas Filipino workers.
The Philippine Amusement and Gaming Corporation (PAGCOR), a government-owned and controlled corporation, has recently announced its initiative to support the Philippine Savings Bank (PSC) in efforts to increase remittance inflows from overseas Filipino workers (OFWs). This collaboration aims to streamline the remittance process making it more accessible and convenient for Filipinos working abroad to send money back home to their families. The initiative recognizes the crucial role of remittances in the Philippine economy, contributing significantly to household incomes and national financial stability. While PAGCOR has not detailed specific programs in this announcement, the cooperation with PSC emphasizes enhancing financial services tailored for OFWs. Official sources highlight the sustained importance of remittance facilitation amid ongoing global economic challenges affecting migrant workers internationally. These measures are expected to support the welfare of overseas workers and their dependents by ensuring secure and efficient transfer of funds.
Sources referenced:
- https://news.google.com/rss/articles/CBMib0FVX3lxTFByVl1uZ3BvVnFmb04yS0lHdV9qSmFGLXBYNURlNFRGSnljTXpJNmVfLVRqejROclhCaC1FbVFEVUxsRy01QUhRVzQ0VTlZNTRHUFJjaVlDN2xaQThjalJBTHFhai0wS2p5VHhoWi1yaw