Cash remittances coursed through banks in the Philippines grew by 2.6% year-on-year to USD 2.8 billion in February 2026 from USD 2.7 billion in the same month of the previous year. Both land-based workers and sea-based workers recorded higher remittances, increasing 2.7% and 2% from a year earlier, respectively. By country of origin, the US remained the top source, accounting for 40% of total remittances, followed by Singapore (7.7%), Saudi Arabia (5.5%), the United Kingdom (4.8%), and Japan (4.6%). Considering the first two months of the year, cash remittances rose by 3.1% to USD 5.81 billion compared to the same period last year. Meanwhile, personal remittances, which include bank transfers, informal channels, and in-kind transfers, rose by 2.6% to USD 2.79 billion from USD 2.72 billion a year ago.

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