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Report Title

Philippines Money Transfer and Bill Payments Market Outlook to 2023 - By Domestic Remittance Banking and Non Banking (Pawnshops, MTO) Channels, International Remittance Flow Corridors and Channel; Bill Payment Segment

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Philippines Money Transfer and Bill Payments Market Outlook to 2023 - By Domestic Remittance Banking and Non Banking (Pawnshops, MTO) Channels, International Remittance Flow Corridors and Channel; Bill Payment Segment


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Philippines Money Transfer and Bill Payments Market Outlook to 2023 - By Domestic Remittance Banking and Non Banking (Pawnshops, MTO) Channels, International Remittance Flow Corridors and Channel; Bill Payment Segment

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Philippines Money Transfer and Bill Payments Market Outlook to 2023 - By Domestic Remittance Banking and Non Banking (Pawnshops, MTO) Channels, International Remittance Flow Corridors and Channel; Bill Payment Segment



Executive Summary

The report titled "Philippines Money Transfer and Bill Payments Market Outlook to 2023 - By Domestic Remittance Banking and Non Banking (Pawnshops, MTO) Channels, International Remittance Flow Corridors and Channel; Bill Payment Segment" provides a comprehensive analysis of domestic, international remittance and bill payments market in Philippines. The report covers market size, segmentation on the basis of remittance flow corridors, remittance channel, land-based and sea-based workers, mode of remittance, major occupation group and distribution of OFWs by cash remittance sent for international remittance market. For domestic remittance market, the report covers market size, segmentation on the basis of remittance channel, type of services and major flow corridors. It also includes the bill payments market in the country covering the market size and segmentation by type of bills, mode of payments and channel of payments. The report also covers government regulations in the market, competitive landscape and company profiles for major players in the remittance and bill payments market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
The report facilitate the readers with an in-depth analysis of the existing and future trends, issues and challenges prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for industry consultants, remittance service providers (MTOs), banks, local agents, payment platforms, pawnshops and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Philippines International Remittance Market

Phipinnes Remittance Market Size
Philippines remittance market is led by the international remittances and domestic remittances which are represented by the OFW remittance inflow, the internal migrant’s transfers. During 2012-2017, the international and domestic remittance markets have showcased a remarkable growth. The Overseas Filipino Workers (OFWs) space has been the most important source of growth in the Philippines economy. The majority of the OFWs primarily originate from the Cavite, Laguna, Batangas, Rizal and Quezon (CALABARZON) region, and the peripheral regions of Central Luzon and Metro Manila. Market growth can be attributed to factors like increasing number of OFWs, growing infrastructure and developmental activities, rising business sectors and increasing job opportunities within the country, surging BPO sector and other related factors.

Phipinnes Remittance Market Segmentation
International Remittance Market: The Philippines international remittance market registered a majority contribution from inbound remittances from other countries in 2017. Stable progress in the diversity and coverage of global remittance networks has enabled more OFWs to remit money at a reasonable cost of services which include automated teller machines, web-based services, and reusable/reloadable cash cards.
The US accounted majority of the total remittances sent to the Philippines in 2017. The UAE was ranked as the second largest remittance source for Philippines. Saudi Arabia accounted for a major share of the remittance to Philippines in 2017 and is one of the biggest employers of OFWs.
Domestic Remittance and Bill Payments Market: Domestic remittances were observed to be transferred in top cities amongst the provinces included Quezon City, Manila, Makati, Caloocan, Paranaque, Pasig, Mandaluyong, Taguig, Pasay and Baguio.
Utilities comprised of majority of the total number of bill payments in the Philippines in 2017. The utility bill payments were followed by payments for education which was followed by payment insurance premium.
Convenience stores such as 7-Eleven and Ministop are the major third party payment channels of the total bill payments in the Philippines in 2017. Owing to the greater reach and accessibility; convenience stores have dominated the bill payment landscape in the Philippines over the past many years. Bill payments through mobile and online platforms have displayed a tremendous growth over the past five years with growing mobile wallet and number of online methods offered by banks and other local players. The use of payment centers such as Bayad, along with banks, was mostly prevalent in the urban areas. Conversely, informal service providers were largely used in semi-urban and rural areas.

Competitive Landscape in Philipinnes Remittance Market
Domestic remittance market is dominated by pawnshops and MTO due to the large unbanked or under-banked population in the Philippines. The enormous potential of domestic remittances has also engrossed international players such as Western Union into the market. Conversely, the Philippines-based service providers such as banks, regional and national pawnshops including Cebuana and M Lhuillier and Palawan Pawnshops, LBC Express and others have a noteworthy presence in the domestic market and have provided stiff competition to the international players. Banco de Oro was the largest bank in the Philippines international remittance market in 2017 followed by The Bank of Philippine Islands while Metropolitan Bank was the third largest international remittance player in 2017.

Phipinnes Remittance Market Future Outlook and Projections
The Philippines remittance and bill payments market has witnessed a considerable growth in past five years. A noticeable amount of FDI inflows was invested in BPO, electronics and energy sector. With the continual growth in FDI flows in the BPO sector, there are expected to be more employment opportunities leading to large scale migrations to urban cities. Rapid growth in the introduction and use mobile technologies in the country for money transfer and bill payments are also a factor for future growth of domestic remittance and bill payments market of the Philippines.
The continued growth in internal migration is expected to sustain the growth of money transfers taking place in the Philippines. The Philippines has outshined India in terms of voice-based outsourced projects and has become the worldwide leader in the call center industry. Over the past six years, the BPO industry in the country has augmented at an average rate of 25%-30%. International remittance market in the Philippines will continue to be driven by the increasing deployment of Filipinos in other countries. Unskilled workers and laborers will uphold their status as the largest deployed fraction of overseas workers and will continue to account for the largest share of aggregate remittances.

Key Topics Covered in the Report
Ecosystem of Philippines Remittance Market
Overview of Philippines Domestic Remittance Market
Philippines Domestic Remittance Market Size
Philippines Domestic Remittance Market Segmentation
Growth Drivers of Philippines Domestic Remittance Market
Competitive Landscape of Major Players in Philippines Domestic and International Remittance Market
Philippines Bill Payments Market Size
Philippines Bill Payments Market Segmentation
Rising Penetration of Mobile Money Transfers
Philippines Domestic Remittance and Bill Payments Market Future Outlook
Philippines International Remittance Market Overview
Philippines International Remittance Market Size
Philippines International Remittance Market Segmentation
Trends in Philippines International Remittance Market
Philippines International Remittance Market Future Outlook
Macroeconomic Factors affecting Philippines Remittance and Bill Payments Market

1. Executive Summary

Macro Environment in Contact with Remittance Industry Performance
Domestic Remittance Market
Domestic Bill Payment Market
International Remittance Market

2. Research Methodology

2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling

Approach - Market Sizing
Market Sizing Approach-International Remittance
Market Sizing Approach-Domestic Remittance
Market Sizing - Bill Payments Market
Variables (Dependent and Independent)
Final Conclusion

3. Philippines Remittance and Bill Payments Market Ecosystem

4. Philippines Domestic Remittance and Bill Payments Market

4.1. Overview and Current Dynamics

Overview
Remote Money Transfers and Bill Payments
Players in the Domestic Remittance Market
Role of Payment Service Providers
Working Model of Domestic Remittance Market

4.2. Philippines Domestic Remittance Market Size, 2012-2017
4.3. Philippines Domestic Remittance Market Segmentation, 2017

4.3.1. By Major Remittance Channels: Bank vs. Non-Bank, 2017
4.3.2. By Types of Services (Branch Pick-Up, Online, Door to Door, Prepaid Cards and Direct Credit to Bank Account), 2012-2017
4.3.3. By Major Flow Corridors, 2017

Migration to Calabarzon, Manila and Central Luzon
Major Reasons for Migration
Remittance Recipient Regions

4.3.4. Growth Drivers for Philippines Domestic Remittance Market

Decline in Unbanked Municipalities
Decline in the Number of Pawnshops
Surge in BPO Employees in the Philippines, 2012-2017
Infrastructural Development
Higher Remittance During Festival Months
Robust Growth in the Tech Industry
Rising Rate of Internal Migration

4.4. Competitive Landscape of Major Players in Philippines Domestic Remittance Market

4.4.1. Market Share of Major Players in Philippines Domestic Remittance Market, 2017

Competition Scenario

4.4.2. Strengths and Weaknesses of Major Non-Bank Domestic Remittance Players
4.4.3. Service Positioning, Strategy and Key Performance Indicators

Palawan Pawnshop
Cebuana Lhuillier
LBC Express
Western Union
M Lhuillier
Pinoy Express

4.5. Philippines Domestic Remittance Future Projections and Outlook, 2018-2023

By Domestic Remittance through Non-Banks and Banks, 2018-2023
By Domestic Remittance - Types of Service, 2018-2023

5. Philippines Bill Payment Market

5.1. Philippines Bill Payment Market Size, 2012-2017
5.2. Philippines Domestic Bill Payment Market Segmentation, 2017

5.2.1. By Channel of Payment (Non-Bank and Bank), 2017
5.2.2. By Type of Payments (Water, Electricity and Fuel Bills, Education, Insurance Premium, Communication), 2017
5.2.3. By Offline and Online Bill Payment, 2017
5.2.4. By Method of Payment (Convenience Stores, Online/Mobile Payments, Biller’s Business Offices, Remittance Companies, Banks and Others), 2017

5.3. Philippines Bill Payment Future Outlook and Projections, 2018-2023

By Bill Payments through Non-Banks and Banks, 2018-2023
By Bill Payments - Type of Bills, 2018-2023
By Bill Payments - Mode of Payment, 2018-2023
By Bill Payments - Method of Payment, 2018-2023

5.4. Rising Penetration of Mobile Money Transfers

5.4.1. Introduction
5.4.2. Mobile Money Transfer

Mobile Payments

5.4.3. Mobile Money Transfer Platforms

Smart Money
Globe Telecom
Benefits of Mobile Money Transfer

5.4.4. Near Field Communication (NFC)
5.4.5. Mobile POS
5.4.6. Barriers to Entry and Relative Comparison of Bank and Non-Bank Remittance Players (security and compliance issues)

5.5. Analyst Recommendations

Recommendations for Banks

6. Philippines International Remittance Market

6.1. Global and Philippines International Remittance Industry Introduction

Overview - Global and Philippines Remittance Flows
Remittance Inflowand Philippines Economy
Demand For Money Transfer
Players in International Remittance Market

6.2. Remittance Working Model
6.3. Products and Services in Bank and Non-Bank Channels

Overview
Special Banking Products and Services for OFWs
Remittance Products from Thrift or Savings Banks
Unbanked Recipients
Interlink Between Banks and Money Transfer Companies

6.4. Philippines International Remittance Market Size, 2012-2017
6.5. Philippines International Remittance Market Segmentation, 2012-2017

6.5.1. Major Flow Corridors (US, UAE, Saudi Arabia and UK), 2012-2017
6.5.2. By Major Remittance Channel (Banks and Non-Banks), 2017
6.5.3. By Land-Based and Sea-Based OFWs, 2012-2017
6.5.4. Average Remittance Transaction per OFW on the Basis of Place of Work, 2013 - 2017
6.5.5. Average Remittance Transaction per OFW on the Basis of Major Occupation Group, 2014 - 2017
6.5.6. Average Remittance Transaction per OFW on the Basis of Mode of Remittance, 2013 - 2017

Agencies/ Local Offices, Banks, Door to Door, Friends/Co-Workers and others

6.5.7. Distribution of OFWs by Cash Remittance Sent, 2013 - 2017

6.6. Trends in Philippines International Remittance Market

Seasonal Remittance Patterns
Digital Trends in International Remittance
Rate of Unbanked Population
Adaptation of Latest Technologies

6.7. Competitive Landscape of Major Players in Philippines International Remittance

6.7.1. Market Share of Major Banks and Non-Bank Channels, 2017
6.7.2. Strengths and Weaknesses of Banks and Major Non-Bank International Remittance Players

6.8. Service Positioning, Pricing Strategy and Key Performance Indicators

6.8.1. Banco De Oro (BDO)
6.8.2. The Bank Of The Philippine Islands (BPI)
6.8.3. Philippine National Bank (PNB)
6.8.4. Western Union
6.8.5. Metropolitan Bank
6.8.6. MoneyGram
6.8.7. iRemit
6.8.8. WELLSFARGO
6.8.9. Xoom

6.9. Philippines International Remittance Market Future Outlook and Projections, 2018-2023

By Banks and Non-Banks
By Land-Based and Sea-Based OFWs
By Remittance Source Regions

6.9.1. Upcoming Technological Changes

6.10. Cause and Effect Relationship in Philippines International Remittance Market

Transaction Fees
Decreasing Remittance Costs
Regulations on Cost of Remittance
Regulatory Acts and Laws
No tax reform for OFW Remittances

7. Macro-Economic Factors Affecting Philippines Remittance Market

7.1. Number of Financial Institutions in Philippines, 2012-2023
7.2. Number of Households in Philippines, 2012-2023
7.3. Household Income in Philippines, 2012-2023
7.4. Number of ATMs in Philippines, 2012-2023

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Figure 1-1: Market Structure for Philippines Remittance & Bill Payments Market, 2017
Figure 3-1: The Philippines Remittance and Bill Payments Market Ecosystem
Figure 4-1: Working Model of the Philippines Domestic Remittance Market
Figure 4-2: Philippines Domestic Remittance Market Size on the Basis of Transaction Volume in USD Million and Growth Rate in Percentage (%), 2012-2017
Figure 4-3: Philippines Domestic Remittance Market Size on the Basis of Number of Transactions in Million and Growth Rate in Percentage (%), 2012-2017
Figure 4-4: Average Transaction Size for Philippines Domestic Remittance Market in USD and Growth Rate in Percentage (%), 2012-2017
Figure 4-5: Philippines Domestic Remittance Market Segmentation by Non-banking and Banking Channel on the Basis of Transaction Volume in Percentage (%), 2012, 2014, 2016 and2017
Figure 4-6: Philippines Domestic Remittance Market Segmentation by Types of Services (Branch Pick-up, Online Transfer, Door to Door, Prepaid Cards, Direct Credit to Bank Account) on the Basis of Transaction Volume in Percentage (%), 2012-2017
Figure 4-7: Migration Trend in the Philippines in 2010 and Estimates for 2012, 2014 and 2016 in Percentage (%)
Figure 4-8: Number of Pawnshops in the Philippines, 2011-2017
Figure 4-9: Number of BPO Employees in the Philippines in Thousands, 2012-2017
Figure 4-10: Philippines Domestic Remittance Market Future Projections on the Basis of Transaction Volume in USD Million and Growth Rate in percentage (%), 2018-2023
Figure 4-11: Future Projections of Philippines Domestic Remittance Market Segmentation by Non-Banks and Banks on the Basis of Transaction Volume in Percentage (%), 2018-2023
Figure 5-1: Philippines Domestic Bill Payment Market Size on the Basis of Transaction Volume in USD Billion and Growth Rate in Percentage (%), 2012-2017
Figure 5-2: Implications to the Key Players in the Market for Creating an Effective E-Payment Eco-System
Figure 5-3: Philippines Bill Payment Market Segmentation by Channel of Payment (Non- Banks and Banks) on the Basis of Transaction Volume in Percentage (%), 2012, 2014, 2016 and 2017
Figure 5-4: Total Number of Insured Lives in Philippines, 2012-2016
Figure 5-5: Philippines Bill Payment Market Segmentation by Types of Payments (Water, Electricity and Fuel Bills, Education, Insurance Premium, Communication) on the Basis of Transaction Volume in Percentage (%), 2015, 2017
Figure 5-6: Philippines Bill Payment Market Segmentation by Mode of Payment (Offline and Online) on the Basis of Transaction Volume in Percentage (%), 2017
Figure 5-7: Philippines Bill Payment Market Segmentation by Offline Mode (Cash and Other Offline Mode) on the Basis of Transaction Volume in Percentage (%), 2017
Figure 5-8: Philippines Bill Payment Market Segmentation by Online Mode (Biller’s Desk and Third Party Interface) on the Basis of Transaction Volume in Percentage (%), 2017
Figure 5-9: Philippines Bill Payment Market Segmentation by Method of Payment (Convenience Stores, Online/Mobile Payments, Biller’s Business Offices, Remittance Companies, Banks and Others) on the Basis of Transaction Volume in Percentage (%), 2017
Figure 5-10: Philippines Bill Payments Market Future Projections on the Basis of Transaction Volume in USD Billion and Growth Rate in Percentage (%), 2018-2023
Figure 5-11: Future Projections of Philippines Bill Payments Market Segmentation by Non-Banks and Banks on the Basis of Transaction Volume in Percentage (%), 2018-2023
Figure 5-12: Future Projections of Philippines Bill Payments Market Segmentation by Type of Bills on the Basis of Transaction Volume in Percentage (%), 2018-2023
Figure 5-13: Future Projections of Philippines Bill Payments Market Segmentation by Mode of Payment (Offline and Online) based on Transaction Volume in Percentage (%), 2018-2023
Figure 5-14: Process of Sending Domestic M-Remittances through Cash-in/Cash-out in the Philippines
Figure 5-15: Process of Sending Domestic M-Remittances through Mobile Phones in the Philippines
Figure 6-1: Global Remittance Market Size on the Basis of Transaction Volume in USD Billion and the Contribution of the Philippines in Percentage (%), 2012-2017
Figure 6-2: General Working Model of the Philippines International Remittance Market
Figure 6-3: Philippines International Remittance Market Size on the Basis of Transaction Volume in USD Million and Growth Rate in Percentage (%), 2012-2017
Figure 6-4: Philippines International Remittance Market Size on the Basis of Cash Remittances Transaction Volume in USD Million and growth rate in Percentage (%), 2012-2017
Figure 6-5: Philippines International Remittance Market Size on the Basis of Average Transaction Size in USD and Growth Rate in Percentage (%), 2012-2017
Figure 6-6: Deployment of Filipinos in Overseas in Thousands, 2012-2017
Figure 6-7: Average Commission Charged in Philippines International Remittance Market in Percentage (%), 2012-2017
Figure 6-8: Income Fees in Philippines International Remittance Market in USD Million, 2012-2017
Figure 6-9: Philippines International Remittance Market Segmentation by Remittance Source Regions on the Basis of Cash Remittance Transaction Volume in Percentage (%), 2012-2017
Figure 6-10: Distribution of OFWs by Place of Work on the Basis of Number of OFWs in Percentage (%), 2017
Figure 6-11: Philippines International Remittance Market Segmentation by Major Remittance Channel (Banks and Non-Banks) on the Basis of Transaction Volume in Percentage (%), 2012-2017
Figure 6-12: Distribution of Cash Remittance Sent by Land Based and Sea Based OFWs in Philippines International Remittance Market on the Basis of Cash Remittance Transaction Volume in Percentage (%), 2012-2017
Figure 6-13: Remittance Fee Income for Banco De Oro in PHP Billion, 2012-2017
Figure 6-14: Remittance Transaction Volume for Bank of Philippine Islands in USD Billion, 2014-2017
Figure 6-15: Revenues from Service and Commission Income from Remittance for Philippine National Bank in PHP, 2015-2017
Figure 6-16: Philippines International Remittance Market Future Projections on the Basis of Transaction Volume in USD Million and Growth Rate in Percentage (%), 2018-2023
Figure 6-17: Future Projections of Deployment of Filipinos Overseas in Thousands and Growth Rate in Percentage (%), 2018-2023
Figure 6-18: Future Distribution of Banks and Non-Banks in Philippines International Remittance Market on the basis of Transaction Volume in Percentage (%), 2018-2023
Figure 6-19: Future Projections of Philippines International Remittance Market Segmentation by Land Based and Sea Based OFWs on the Basis of Transaction Volume in Percentage (%), 2018-2023
Figure 6-20: Future Projections of Philippines International Remittance Market Segmentation by Remittance Source Regions on the Basis of Transaction Volume in Percentage (%), 2018-2023
Figure 7-1: Number of Financial Institutions in Philippines in Units, 2012-2023
Figure 7-2: Number of Households in the Philippines in Million, 2012-2023
Figure 7-3: Household Income in Philippines in PHP Billion, 2012-2023
Figure 7-4: Number of ATMs in Philippines in Units, 2012-2023

Table 2-1: Correlation Matrix of Philippines International Remittance Market
Table 2-2: Correlation Matrix of Philippines Domestic Remittance Market
Table 2-3: Regression Coefficients Output for Philippines International Remittance Market
Table 2-4: Regression Coefficients Output for Philippines Remittance and Bill Payments Market
Table 4-1: Brief Comparison of Positive and Negative Features of Major Payment Service Providers in the Domestic Remittance and Bill Payments Market
Table 4-2: Rationale and Description for Philippines Domestic Remittance Market Size, 2012-2017
Table 4-3: Rationale and Description for Philippines Remittance Market Segmentation by Major Remittance Channel, 2017
Table 4-4: Cross Comparison of Banks and Non Banks on the Basis of Mode of Payment, Average Fees, Target Audience, Major Regions and Major Players , 2017
Table 4-5: Philippines Domestic Remittance Market Segmentation by Non-banking and Banking Channel on the Basis of Transaction Volume in USD Million, 2012, 2014, 2016 and2017
Table 4-6: Rationale and Description for Philippines Remittance Market Segmentation by Type of Services, 2012-2017
Table 4-7: Segment Analysis on the basis of Major Parameters in the Philippines Domestic Remittance Market, 2017
Table 4-8: Philippines Domestic Remittance Market Segmentation by Types of Services (Branch Pick-up, Online Transfer, Door to Door, Prepaid Cards, Direct Credit to Bank Account) on the Basis of Transaction Volume in USD Million, 2012-2017
Table 4-9: Regional Analysis on the basis of Major Parameters in the Philippines Domestic Remittance Market, 2015
Table 4-10: Unemployment and Underemployment Rate in Different Region in the Philippines in Percentage, 2017
Table 4-11: Region Wise Urbanization Rate in the Philippines in Percentage for 2010, 2012, 2014 and 2016 in Percentage (%)
Table 4-12: Number of Banked and Un-Banked Municipalities in Philippines in Units, 2011-2017
Table 4-13: Number of Banked and Un-Banked Municipalities in Philippines in Percentage (%), 2011-2017
Table 4-14: Major Festivals in the Philippines
Table 4-15: Competition Scenario in Philippines Domestic Remittance Market, June 2018
Table 4-16: Major Players in Philippines Domestic Remittance Market
Table 4-17: Market Share and Transaction Volume of Major Players in the Philippines Domestic Remittance Market Share in Percentage (%) and Number of Transactions in Millions Respectively, 2017
Table 4-18: Strengths and Weaknesses of Major Non-Bank Players in the Philippines Domestic Remittance Market
Table 4-19: Competitive Landscape for Palawan Pawnshop Including Company Overview, Services, Branches and Other Parameters
Table 4-20: Palawan Pawnshop’s Transfer Fee for Domestic Remittance in the Philippines, June 2018
Table 4-21: Palawan Pawnshop’s Transfer Fee for Domestic Remittance in the Philippines, June 2018
Table 4-22: Competitive Landscape for Cebuana Lhuillier Including Company Overview, Services, Branches and Other Parameters
Table 4-23: Cebuana Lhuillier Rates for Domestic Remittance in the Philippines in PHP, June 2018
Table 4-24: Competitive Landscape for LBC Express Including Company Overview, Services, Branches and Other Parameters
Table 4-25: Major Facts and Figures for LBC Express, 2016 and 2017
Table 4-26: LBC Express’ Rates for Domestic Remittance (Same Day Delivery) in the Philippines (NCR, South Luzon, North Luzon, Visayas and Mindanao), June 2018
Table 4-27: LBC Express’ Rates for Domestic Remittance (Next Day Delivery) in the Philippines (NCR, South Luzon, North Luzon, Visayas and Mindanao), June 2018
Table 4-28: Competitive Landscape for Western Union Including Company Overview, Services, Branches and Other Parameters
Table 4-29: Western Union’s Rates for Domestic Remittance in the Philippines, June 2018
Table 4-30: Competitive Landscape for M Lhuillier Including Company Overview, Services, Branches and Other Parameters
Table 4-31: M Lhuillier Rates for Domestic Remittance in the Philippines, June 2018
Table 4-32: Competitive Landscape for Pinoy Express Company Overview, Services, Branches and Other Parameters
Table 4-33: Delivery Areas and Estimated Time of Delivery of Pinoy Express in Philippines, 2017
Table 4-34: Remittance Charges of Pinoy Express for Sending Money from Brunei to Philippines, June 2018
Table 4-35: Remittance Charges of Pinoy Express for Sending Money from Hong Kong to Philippines, June 2018
Table 4-36: Remittance Charges of Pinoy Express for Sending Money from Palau to Philippines, June 2018
Table 4-37: Remittance Charges of Pinoy Express for Sending Money from Saipan to Philippines, June 2018
Table 4-38: Future Outlook for Philippines Domestic Remittance Market on the Basis of Transaction Volume, 2018-2023
Table 4-39: Future Projections of Philippines Domestic Remittance Market Segmentation by Non-Banks and Banks on the Basis of Transaction Volume in USD Million, 2018-2023
Table 4-40: Future Projections of Philippines Domestic Remittance Market Segmentation by Types of Service on the Basis of Transaction Volume in USD Million, 2018-2023
Table 4-41: Future Projections of Philippines Domestic Remittance Market Segmentation by Types of Service on the Basis of Transaction Volume in Percentage (%), 2018-2023
Table 5-1: Rationale and Description for Philippines Bill Payments Market Size, 2012-2017
Table 5-2: Segment Analysis on the basis of Major Parameters in the Philippines Domestic Remittance Market, 2017
Table 5-3: Philippines Bill Payment Market Segmentation by Non-Bank and Bank on the Basis of Transaction Volume in USD Billion (%), 2012, 2014, 2016 and 2017
Table 5-4: Rationale and Description for Philippines Bill Payments Market Segmentation by Type of Payments (Water, Electricity and Fuel Bills, Education, Insurance Premium, Communication), 2015 and 2017
Table 5-5: Electricity Sales in Philippines by End User Category, 2016
Table 5-6: Electricity Connections in Philippines by Region, 2014
Table 5-7: Number of Mobile Phone Users in Philippines, 2014-2017
Table 5-8: Number of Smartphone Users in Philippines, 2015-2017
Table 5-9: Average Health Insurance Premiums in the Philippines Charged by Major Health Insurers, 2017
Table 5-10: Philippines Bill Payment Market Segmentation by Types of Payments (Water, Electricity and Fuel Bills, Education, Insurance Premium, Communication) on the Basis of Transaction Volume in USD Billion (%), 2015 and 2017
Table 5-11: Average Bills for Water, Electricity and Fuel, Education, Insurance Premium, Communication in Philippines Bill Payments Market, 2017
Table 5-12: Rationale and Description for Philippines Bill Payment Market Segmentation by Online and Offline Bill Payment on the Basis of Transaction Volume, 2017
Table 5-13: Philippines Bill Payment Market Segmentation by Mode of Payment (Offline and Online) on the Basis of Transaction Volume in Percentage (%), 2017
Table 5-14: Snapshot of Major Online Bill Payment Portals in Philippines, 2017
Table 5-15: Rationale and Description for Philippines Bill Payment Market Segmentation by Method of Payment (Convenience Stores, Online/Mobile Payments, Biller’s Business Offices, Remittance Companies, Banks and Others)on the Basis of Transaction Volume, 2017
Table 5-16: Philippines Bill Payment Market Segmentation by Method of Payment (Convenience Stores, Online/Mobile Payments, Biller’s Business Offices, Remittance Companies, Banks and Others) on the Basis of Transaction Volume in USD Billion, 2017
Table 5-17: Segment Analysis on the basis of Major Parameters in Philippines Bill Payments Market
Table 5-18: Future Outlook for Philippines Bill Payments Market on the Basis of Transaction Volume, 2018-2023
Table 5-19: Total Number of Metered Customers, 2016-2025
Table 5-20: Future Projections of Philippines Bill Payments Market Segmentation by Non-Banks and Banks on the Basis of Transaction Volume in USD Million, 2018-2023
Table 5-21: Future Projections of Philippines Bill Payments Market Segmentation by Type of Bills on the Basis of Transaction Volume in USD Million, 2018-2023
Table 5-22: Future Projections of Philippines Bill Payments Market Segmentation by Mode of Payment (Offline and Online) on the Basis of Transaction Volume in USD Million, 2018-2023
Table 5-23: Future Projections of Philippines Bill Payments Market Segmentation by Method of Payment on the Basis of Transaction Volume in USD Million, 2018-2023
Table 5-24: Future Projections of Philippines Bill Payments Market Segmentation by Method of Payment on the Basis of Transaction Volume in Percentage (%), 2018-2023
Table 5-25: Mobile Money and its Role in Philippines
Table 5-26: Competitive Landscape of Smart Money
Table 5-27: Competitive Landscape of GlobeTelecom
Table 5-28: Barriers to Entry and Relative Comparison of Bank and Non-Bank Remittance Players
Table 5-29: Relative Comparison of Banking and Non-Banking Remittance Channels
Table 5-30: Analyst Recommendations for Money Transfer Companies and Pawnshops
Table 5-31: Analyst Recommendations for Banks
Table 6-1: Regional Remittance Trends (East Asia and Pacific, Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa, South Asia, Sub-Saharan Africa), 2017
Table 6-2: Comparative Analysis of Sending Money through Banks, MTOs and Mobile Money Transfer
Table 6-3: Major Entities Involved in the Philippines International Remittance Market and their Role and Challenges
Table 6-4: Rationale and Description for Philippines International Remittance Market Size, 2012-2017
Table 6-5: Rationale and Description for Philippines International Remittance Market Segmentation by Major Flow Corridors (US, UAE, Saudi Arabia and UK), 2017
Table 6-6: Philippines International Remittance Market Segmentation by Inflows from Major Flow Corridors on the Basis of Cash Remittance Transaction Volume in Percentage (%), 2012-2017
Table 6-7: Philippines International Remittance Market Segmentation on the basis of Inflows from Major Flow Corridors on the basis of Cash Remittance Transaction Volume in USD Million, 2012-2017
Table 6-8: Philippines International Remittance Market Segmentation by Remittance Source Regions on the Basis of Cash Remittance Transaction Volume in USD Million, 2012-2017
Table 6-9: Distribution of OFWs by Place of Work in Thousands, as of December 31st 2017
Table 6-10: Average Stated Transaction Fee, Hidden Currency Conversion Cost and Total Fees Charged for Remittance of USD 1,000 for the US-Philippines Flow Corridor in USD, June 2018
Table 6-11: Average Stated Transaction Fee, Hidden Currency Conversion Cost and Total Fees Charged for Remittance of GBP 1,000 (USD 1,355.9) for the UK-Philippines Flow Corridor in GBP, June 2018
Table 6-12: Average Stated Transaction Fee, Hidden Currency Conversion Cost and Total Fees Charged for Remittance of CAD 1,000 (USD 755.03) for the Canada-Philippines Flow Corridor in CAD, June 2018
Table 6-13: Average Stated Transaction Fee, Hidden Currency Conversion Cost and Total Fees Charged for Remittance of EUR 1,000 (USD 1,106.8) for the Western Europe-Philippines Flow Corridor (Germany, France, Italy and Others) in EUR, June 2018
Table 6-14: Average Stated Transaction Fee, Hidden Currency Conversion Cost and Total Fees Charged for Remittance of AUD 1,000 (USD 743.7) for the Australia-Philippines Flow Corridor in AUD, June 2018
Table 6-15: Rationale and Description for Philippines International Remittance Market Segmentation by Major Remittance Channel, 2017
Table 6-16: Philippines International Remittance Market Segmentation by Major Remittance Channel (Banks and Non-Banks) in terms of Transaction Volume in USD Million, 2012-2017
Table 6-17: Rationale and Description for Philippines International Remittance Market Segmentation by Land-Based and Sea-Based OFWs, 2017
Table 6-18: Distribution of Cash Remittance Sent by Land Based and Sea Based OFWs in Philippines International Remittance Market on the Basis of Cash Remittance Transaction Volume in USD Million, 2012-2017
Table 6-19: Number of Land based and Sea based OFWs from Philippines, 2010-2016
Table 6-20: Deployed Land-Based Overseas Filipino Workers on the Basis of Country of Residence, 2010-2016
Table 6-21: Average Cash Remittance per Male and Female Overseas Filipino Worker on the Basis of Place of Work in PHP Thousands, 2013 - 2017
Table 6-22: Rationale and Description for Philippines International Remittance Market Segmentation - Average Remittance Transaction per OFW by Major Occupation Group, 2017
Table 6-23: Average Annual Cash Remittance per Male and Female Overseas Filipino Worker on the Basis of Major Occupation Group in PHP Thousands, 2014 - 2017
Table 6-24: Average Cash Remittance per Overseas Filipino Worker on the Basis of Mode of Remittance in PHP Thousands, 2013-2017
Table 6-25: Distribution of Overseas Filipino Workers by Amount of Cash Remittances Sent in Units and Percentage (%), 2013-2015
Table 6-26: Distribution of Overseas Filipino Workers by Amount of Cash Remittances Sent on the Basis of Percentage of Cash Remittance Set Aside for Savings, 2017
Table 6-27: Distribution of Overseas Filipino Workers by Amount of Cash Remittances Sent on the Basis of Percentage of Cash Remittance Set Aside for Savings, 2016
Table 6-28: Distribution of Overseas Filipino Workers by Amount of Cash Remittances Sent on the Basis of Percentage of Cash Remittance Set Aside for Savings, 2015
Table 6-29: Distribution of Overseas Filipino Workers by Amount of Cash Remittances Sent on the Basis of Percentage of Cash Remittance Set Aside for Savings, 2014
Table 6-30: Distribution of Overseas Filipino Workers by Amount of Cash Remittances Sent on the Basis of Percentage of Cash Remittance Set Aside for Savings, 2013
Table 6-31: Month-wise Overseas Filipino Cash Remittances in the Philippines in USD Million, 2011 - 2017
Table 6-32: Major Players in Philippines International Remittance Market
Table 6-33: Market Share and Transaction Volume of Major Players in the Philippines International Remittance Market in USD Million and Percentage (%), 2017
Table 6-34: Strengths and Weaknesses of Banks and Major Non-Bank International Remittance Companies
Table 6-35: Competitive Landscape for Banco De Oro Company Overview, Services, Branches and Other Parameters
Table 6-36: Fees Charged on OFW Remittances from Canada to Philippines by Services, June 2018
Table 6-37: Fees Charged on OFW Remittances from France to Philippines by services, June 2018
Table 6-38: Fees Charged on OFW Remittances from Germany to Philippines by services, June 2018
Table 6-39: Fees Charged on OFW Remittances from Ireland to Philippines by services, June 2018
Table 6-40: Fees Charged on OFW Remittance from Hong Kong to Philippines by services, June 2018
Table 6-41: Fees Charged on OFW Remittance from UK (Belfast) to Philippines by services, June 2018
Table 6-42: Fees Charged on OFW Remittance from UK (London) to Philippines by services, June 2018
Table 6-43: Fees Charged on OFW Remittance from US (Daly City and Los Angeles) to Philippines by services, June 2018
Table 6-44: Competitive Landscape for the Bank of the Philippine Islands Including Company Overview, Services, Branches and Other Parameters
Table 6-45: Competitive Landscape for Philippine National Bank Including Company Overview, Services, Branches and Other Parameters
Table 6-46: Remittance Services and Products from Philippine National Bank, 2017
Table 6-47: Competitive Landscape for Western Union Including Company Overview, Services, Branches and Other Parameters
Table 6-48: Competitive Landscape for Metropolitan Bank Including Company Overview, Services, Branches and Other Parameters
Table 6-49: Remittance Services offered by Metropolitan Bank, 2017
Table 6-50: Competitive Landscape for MoneyGram Including Company Overview, Services, Branches and Other Parameters
Table 6-51: Competitive Landscape for iRemit Company Overview, Services, Branches and Other Parameters
Table 6-52: Geographical Presence of iRemit in terms of Value of Remittance in Percentage (%), 2015-2017
Table 6-53: Geographical Presence of iRemit in terms of Volume of Remittance in Percentage (%), 2015-2017
Table 6-54: Competitive Landscape for Wells Fargo Including Company Overview, Services, Branches and Other Parameters
Table 6-55: Competitive Landscape for Xoom Including Company Overview, Services, Branches and Other Parameters
Table 6-56: Future Outlook for Philippines International Remittance Market on the Basis of Transaction Value, 2018-2023
Table 6-57: Future Projections of Philippines International Remittance Market by Remittance Channel (Banks and Non-Banks) on the basis of Transaction Volume in USD Million, 2018-2023
Table 6-58: Future Projections of Philippines International Remittance Market Segmentation by Land Based and Sea Based OFWs on the Basis of Transaction Volume in USD Million, 2018-2023
Table 6-59: Future Projections of Philippines International Remittance Market Segmentation by Remittance Source Regions on the Basis of Transaction Volume in USD Million, 2018-2023
Table 6-60: Upcoming Technological Advancements in the Remittance Industry
Table 6-61: Cause and Effect Relationship Analysis between Industry Factors and Expected Industry Prospects of the Philippines International Remittance Market
Table 7-1: Rationale for Number of Financial Institutions in Philippines, 2012-2023
Table 7-2: Rationale for Number of Households in Philippines, 2012-2023
Table 7-3: Rationale for Household Income in Philippines, 2012 - 2023
Table 7-4: Rationale for Number of ATMs in Philippines, 2012-2023

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LBC Express, Palawan Pawnshop, Cebuana Lhuillier, Western Union, M Lhuillier, Pinoy Express, Banco de Oro, Bank of Philippine Islands, Metropolitan Bank, iRemit, Smart Money and Globe GCash

Domestic Remittance (banking, Pawnshops, MTO), By Type of Services (Branch Pickups, Online, Door to Door, Prepaid Cards, Direct Credit to Bank Account), Flow Corridors; International Remittance (Banking, Non Banking Channel), Flow Corridors, Diaspora Population, Personal Remittance, Land Based, Sea Based Overseas Filipino Workers; Bill Payment by Categories (Water, Electricity and Fuel Bills, Education, Insurance Premium, Communication)


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