This study reviewed the Philippine remittance environment in accordance with the parameters of the
research objectives through the methodologies recommended, namely: (1) an assessment of remittance
channels, with particular attention to rates, speed, reliability and access; and (2) an inventory of
remittance-backed products and services and how such products and services are able to translate
remittances into productive use for the benefit of migrants and their beneficiaries, especially with respect
to savings and investments. Due to the sheer volume of products targeting the migrant market and the
myriad of relationships, partnerships, procedures, regulatory environments in origin and beneficiary
countries and technological aspects and modes of cross-border and domestic money transfers, the study
could not have been conceived to be a thoroughly comprehensive and all-encompassing task.
Nevertheless, this study‘s findings and recommendations should provide the reader with what are
considered current and cutting-edge in the Philippine remittance environment, how the existing industry
practices and regulatory measures, tend to contribute to development gains, the gaps and hindrances that
could be addressed through regulation, competition, or improvement of financial mindsets and finally
efforts taken by the Philippine government, the public and private sector, including civil society, to set up
a roadmap that will integrate migration in its long term development plans.