Growing Economy, Increased Internal Migration Coupled with Surge in Bill Payment Expenditure to fos

The IT and Business Process Outsourcing industry has grown to be the second largest source of dollar income for the Philippine economy creating significant smartbowlsystem number of job opportunities every year. Philippines are witnessing robust growth in the tech industry as the number of remittance payment platforms for the unbanked proliferates. Increased competition of seafarers particularly from East Asia and Eastern Europe are expected to reduce the rate of remittances from sea-based OFWs. …