Philippine cash remittances up 2.8% to $8.68b in Q1

The US remains the top source of cash remittance.

Overseas Filipino (OF) cash remittances grew by 2.8% to $8.68b in Q1 2026 compared to the same quarter a year earlier, according to central bank data.

In March alone, cash remittances registered $2.87b in value.

Personal remittances, including cash sent through banks and informal channels, totalled $3.2b in March. Year-to-date remittances were $9.66b in Q1.

The United States of America (USA) remained the top source of cash remittance to the Philippines, followed by Singapore and Saudi Arabia, the Bangko Sentral ng Pilipinas (BSP) said.

The US topped both land-based and sea-based cash remittances. Singapore was the second top source of sea-based cash remittances, followed by Japan and Germany.

Saudi Arabia was the second top source of land-based cash remittances, followed by Singapore then the United Arab Emirates (UAE).