GCash honors overseas Filipino workers with new financial solutions
“Mga bagong bayani.” Around 10 million Filipinos live and work overseas-- seafarers, nurses, caregivers, hotel staff, construction workers, oil field personnel, and many more-- help drive the Philippine economy through remittances they send back home. Considered the world’s fourth-largest recipient of remittances next to India, China, and Mexico, OFW remittances account for about 9% of the country’s gross domestic product (GDP). However, given the ongoing pandemic, our modern-day heroes find themselves stricken by employment challenges. This is why financial literacy is crucial to secure their future and retirement. GCash, the country’s number one mobile wallet in the Philippines, seeks to impart knowledge on responsible remittance spending, and income management through the Globe GoLearn Program. GCash has lined up lessons on financial literacy to assist OFWs in goal planning and guide them in their journey towards financial stability. “We, at GCash, want to thank you for everythi
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