Based on the latest report of the Philippine Statistics Authority (PSA) released October 11, 2023, there are around 1,960,000 Overseas Filipino Workers deployed in various countries around the globe. Almost every year, there have been around the same figures of Filipinos who trade their time away from their families and find their fortune as contracted workers.
Around 26,000 of which are tourists, students, visitors of families residing abroad, and other types of non-immigrant visa but were employed and working full time.Majority of the OFWs come from the provinces up North and down South where commercial banks, or rural banks have few or to no presence at all.
This is where ML Kwarta Padala plays a big part since a great percentage of the underserved Filipinos are those who have no access to a bank, or maybe afraid of going into one.
ML Kwarta Padala bridges the gap, giving the families back at home the remittances they long for to pay their kids tuition fees, expenses for school, paying all the necessary utility bills and expenses.
With partner merchants around the globe, ML Kwarta Padala can send and receive remittances to and from these countries.
ML Kwarta Padala reaches out to the farthest where not only the bank, but also for those who have not embraced digital payment apps and also use of mobile phones.
