Kash Avena
The challenges of Overseas Filipino Workers are unique. On top of the pressures of adapting to new cultures and being away from our families, we also have to do financial transactions that are specific to us such as remittances, or in a different way such as getting an Overseas Filipino Workers Loan.
The good news is, these financial processes are getting more accessible and convenient through technology. We can now wire money almost instantly while being significantly cheaper than doing it through banks. Need to send cash to someone without a bank account back home? Want to send remittance in the form of grocery vouchers? All these and more are possible thanks to new services offered by financial technology or Fintech companies in the Philippines.
Want to reap the benefits of Fintech services dedicated for OFWs? Here are some top apps or websites you should try out:
Beam and Go
Ever wish you’re able to budget the money you send to make sure it covers all your family’s needs? With Beam and Go, you can send your remittance in the form of vouchers that the recipient can use in partner pharmacies, groceries, and department stores. You can also purchase electronics or load for your loved ones, or send a package of goods from the Philippines straight to your family’s doorstep. What’s more, the website enables you to pay bills on your family’s behalf.
Coins.ph
If you want to send money to your family in the Philippines without requiring the recipient to open a bank account, then this service is for you. Because your remittance is sent in the form of digital currency, the transaction is made cheaper, faster and more efficient as it is sent directly to the recipient’s digital wallet. He or she can use this digital money to pay bills, purchase goods, or converted to physical cash with the company’s partner retailers.
Abra
Abra is another remittance service that sends digital currency to virtual wallets and eliminates the need for a bank account for the recipient. However, instead of going to an authorized or partner retailer to exchange the digital currency to physical money, the recipient can go to ‘tellers’. These are ordinary people who signed up on Abra’s platform to conduct the currency exchange. It will even be easier for your family to convert the digital money you sent to Philippine pesos.
Loansolutions
Loansolutions is the no. 1 loans market place in the Philippines. Apply for an Overseas Filipino Workers Loan that you can use for your pocket money, or to start a business while waiting for your next deployment, or for any financial need of your family back home. Their 3-Step Online Loan Application is cross-referenced with the criteria of top banks and lenders in the Philippines, to make sure that we find lowest interest loans that you can qualify for. Loansolutions lets you take care of your family financially even from afar.
