CASH remittances from Overseas Filipinos (OFs) increased by 3.7 percent, rising from US$3.01 billion in September 2024 to US$3.12 billion in September 2025, according to recent data.
Cumulatively, cash remittances grew by 3.2 percent from US$25.23 billion in January-September 2024 to US$26.03 billion in January-September 2025.
The United States remained the top source of remittances to the Philippines during the January-September 2025 period, followed by Singapore and Saudi Arabia.
Personal remittances, which include cash sent through banks and informal channels as well as remittances in kind, also saw an increase of 3.8 percent, climbing from US$3.34 billion in September 2024 to US$3.46 billion in September 2025. Year-to-date personal remittances marked a 3.2 percent increase, from US$28.07 billion recorded in January-September 2024 to US$28.97 billion in January-September 2025.
It’s important to note that remittance data by source has some limitations. Remittance centers often course remittances through correspondent banks, many of which are located in the U.S. Additionally, remittances coursed through money couriers cannot be disaggregated by actual country source and are often attributed to the country where the main offices are located, frequently the U.S. This can lead to an overestimation of the U.S. as the primary source of OF remittances.
On a month-on-month seasonally adjusted basis, personal remittances increased by 1.0 percent, indicating a steady upward trend in the flow of money from Overseas Filipinos to the Philippines.
metrosundaily
