New data released this Valentine’s Day by money transfer service WorldRemit shows that Filipinos living in Germany are the most generous long distance lovers, sending on average $32.5 (P1,622.40) more than usual to their loved ones for Valentine’s Day.
Following closely behind are Filipinos who have migrated and are currently living in:
• Norway, sending on average $24 (P1,198.08) more
• New Zealand, sending on average $12.5 (P624) more
Remittances play an important role in the economy of the Philippines. According to official WorldBank data, Filipinos sent almost $30 billion (P1.5 trillion) back home to friends and family in 2015.
“Looking at this year’s data, we can see that Filipinos in Germany, Norway, and New Zealand are planning ahead and sending more money to their loved ones in the days leading up to Valentine’s Day,” said Alix Murphy, Director of Mobile Partnerships at WorldRemit. “On average, these groups sent $12.5 to $32.5 more for Valentine’s Day compared to the previous week to mark the occasion.”
The WorldRemit app lets people send money straight from their smartphone, instead of having to travel to a money transfer agent. Those receiving money—often in developing countries—can collect the funds as Mobile Money, bank transfer, for cash pickup or as a mobile airtime top-up.
WorldRemit’s service is available to senders in 50 countries. It offers transfers to more than 140 destinations across Europe, Asia, Africa, Australia, and the Americas. WorldRemit customers send 580,000 transfers every month.
For more information on how to send money back home to the Philippines, please visit https://www.worldremit.com/en/philippines.