Cash remittances coursed through banks in the Philippines rose by 2% year-on-year to USD 2.71 billion in May 2026, from USD 2.66 billion in the same month last year. Both land-based and sea-based workers posted higher inflows, with remittances increasing by 2.1% and 1.7% year-on-year, respectively. By source, the United States remained the largest contributor, accounting for 39.4% of total remittances, followed by Singapore (7.4%), Saudi Arabia (6.4%), Japan (5.1%), and the United Kingdom (4.6%).
For the first five months of the year, cash remittances rose by 2.5% to USD 14.11 billion, up from USD 13.77 billion in the same period a year earlier. Meanwhile, personal remittances—which include transfers through banks, informal channels, and in-kind transfers—increased by 2.1% to USD 3.03 billion in May and by 2.6% to USD 15.43 billion on a year-to-date basis.
