2026.04.1505:49:38UTC+00Philippine Remittances Up 2.6% in February

Cash remittances coursed through banks in the Philippines rose by 2.6% year-on-year in February 2026, reaching USD 2.8 billion from USD 2.7 billion in the same month a year earlier. Remittances from both land-based and sea-based workers increased, up by 2.7% and 2.0%, respectively, compared with the previous year.

By country of origin, the United States remained the largest source of remittances, accounting for 40% of the total, followed by Singapore (7.7%), Saudi Arabia (5.5%), the United Kingdom (4.8%), and Japan (4.6%).

For the first two months of 2026, cash remittances climbed by 3.1% to USD 5.81 billion compared with the same period in the previous year. Meanwhile, personal remittances—which include bank transfers, informal channels, and in-kind transfers—grew by 2.6% to USD 2.79 billion from USD 2.72 billion a year earlier.