FX.co ★ Philippine Remittances Rise 3.7% YoY in September

In September 2025, cash remittances funneled through banks in the Philippines increased by 3.7% compared to the same month in the previous year, reaching USD 3.12 billion, up from USD 3.01 billion. Over the period from January to September, cash remittances rose by 3.2%, amounting to USD 26.03 billion. This growth was mainly propelled by higher inflows from the United States, Singapore, and Saudi Arabia. The United States continued to be the leading contributor, representing 40.4% of the total remittances, with Singapore contributing 7.1%, Saudi Arabia 6.4%, Japan 4.9%, and the United Kingdom 4.8%. Furthermore, personal remittances, encompassing bank transfers, informal channels, and non-cash transfers, increased by 3.8% to USD 3.46 billion, up from USD 3.34 billion one year prior. The cumulative figure for personal remittances from January to September stood at USD 28.97 billion, up 3.2% from USD 28.07 billion during the same time frame in 2024.