Market Research Reports - Ken Research Pawnshop Remittance Volume Philippines

Philippines Money Transfer and Bill Payments Market Outlook to 2023: Ken Research
The report titled “Philippines Money Transfer and Bill Payments Market Outlook to 2023 – By
Domestic Remittance Banking and Non Banking (Pawnshops, MTO) Channels, International
Remittance Flow Corridors and Channel; Bill Payment Segment” provides a comprehensive
analysis of domestic, international remittance and bill payments market in Philippines. The
report covers market size, segmentation on the basis of remittance flow corridors, remittance
channel, land-based and sea-based workers, mode of remittance, major occupation group and
distribution of OFWs by cash remittance sent for international remittance market. For domestic
remittance market, the report covers market size, segmentation on the basis of remittance
channel, type of services and major flow corridors. It also includes the bill payments market in
the country covering the market size and segmentation by type of bills, mode of payments and
channel of payments. The report also covers government regulations in the market,
competitive landscape and company profiles for major players in the remittance and bill
payments market. The report provides detailed overview on future outlook & projections with
analyst recommendations for the industry.
The report facilitate the readers with an in-depth analysis of the existing and future trends,
issues and challenges prevalent in the industry and anticipated growth in the future depending
upon changing industry dynamics in coming years. The report is useful for industry consultants,
remittance service providers (MTOs), banks, local agents, payment platforms, pawnshops and
other stakeholders to align their market centric strategies according to ongoing and expected
trends in the future.
Industry Overview
Philippines remittance market is led by the international remittances and domestic remittances
which are represented by the OFW remittance inflow, the internal migrant’s transfers. During
2012-2017, the international and domestic remittance markets have showcased a remarkable
growth. The Overseas Filipino Workers (OFWs) space has been the most important source of
growth in the Philippines economy. The majority of the OFWs primarily originate from the
Cavite, Laguna, Batangas, Rizal and Quezon (CALABARZON) region, and the peripheral regions
of Central Luzon and Metro Manila. Market growth can be attributed to factors like increasing
number of OFWs, growing infrastructure and developmental activities, rising business sectors
and increasing job opportunities within the country, surging BPO sector and other related
factors.
Market Segmentation
International Remittance Market