Quick look: Money remittance options in the Philippines


Posted at Feb 15 2015 03:56 PM | Updated as of Feb 15 2015 11:59 PM

(Editor's note: This article was written by MoneyMax, the Philippines’ foremost online platform for comparing financial and telecom products and services, for ABS-CBNnews.com. Find out more at MoneyMax.ph)

MANILA, Philippines - If you've got family abroad, chances are they've sent money home one way or another.

Having friends carry money home to you has become a less used practice, with most OFWs preferring sending money through remittance channels instead.

By the same token, which remittance center do you use when you want to send money to loved ones within the country?

Beyond transferring money, or depositing money into a loved one’s account, there are several channels you can use to send money to loved ones.

Everyone knows about Western Union’s services worldwide, along with LBC’s capabilities as trusted names in financial services and courier services, respectively. Other than these two, many other establishments now take on financial services like remittances here and abroad.

Locally, many people use the likes of MLhuillier, Cebuana Lhuillier, and MoneyGram to wire money to friends and family alike.

Smart and Globe have also entered the remittance arena through Smart Pera Padala and GCash.

If you’ve ever wanted to check out which of these channels will serve you best from in and out of the country, check out our handy infographic below.