Go eyes cut in OFW remittance transfer costs to 2%

Inquirer.net - Oct 17, 2026

MANILA, Philippines — The Department of Finance (DOF) is targeting a reduction in the cost of sending money home by overseas Filipino workers (OFWs) to around 2 percent of the funds sent, with Finance Secretary Frederick Go turning to global payments firms to help make money transfers to the Philippines more affordable. “The average (fee) now,

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