The Kitchen Mom by dhess

Remittances from Overseas Filipino Workers (OFWs), digital workers, and SME owners surge during the holiday season, as many Filipinos abroad send extra funds to support family celebrations, year-end expenses, and business investments. In December 2023, remittances hit a record $3.6 billion, a 3.9% increase from the previous year. This seasonal boost provides essential financial support for Filipino households and local businesses, covering holiday needs and fueling consumer spending. Digital money movement solutions are making it easier than ever for OFWs, digital workers, and SME owners to send money home. This has driven a surge in remittance volumes, especially during the holiday season. With 75% of Filipino senders using digital apps in 2023, according to Visa's Money Travels: 2024 Annual Remittances Adoption report, they can transfer funds with greater convenience, speed, and security. From the Philippines to the world: supporting digital workers and SME owners However, the mo...

  BDO Unibank’s wide footprint in Bacolod and Negros Occidental ensures that people can easily access its wide range of products—whether it’s for their personal savings, loans, investments, or businesses—tailored to each customer’s unique needs, wherever they may be in their financial journey. Branches as the preferred channel Negrenses continue to prefer over-the-counter transactions, with 82 percent done through branches as of March 2024, based on the latest data. This underscores the BDO's branch as a vital customer touchpoint, particularly in a province where sugar is the primary industry, supported by agriculture as the main source of livelihood (sugarcane, rice and corn farming, livestock and poultry, fishing and aquaculture); agro-processing related to sugar like sugar mills, refineries, and ethanol production plants; manufacturing, especially food and beverage production; and retail and trade. Farmers, fisherfolk, and factory workers often choose to go to branches for their...