Visa simplifies money transfers for OFWs, SMEs

Global payments platform Visa is strengthening its commitment to simplifying and securing digital money transfers for overseas Filipino workers (OFWs), digital workers, and small and medium enterprises (SME) owners especially this holiday season when remittances peak.

- By CATHERINE TALAVERA

In a statement yesterday, Visa said it recognizes the importance of seamless money movement solutions for OFWs and supports this through a Visa card feature that enables cardholders to instantly receive funds sent from abroad.

"This offers a faster and more convenient way to send funds globally. Any customer with a Visa card issued in the Philippines can receive funds by simply providing their card number to the sender," Visa said.

It stressed that this feature, among other innovative services, underscores Visa's commitment to enhancing digital money movement for Filipinos, which transforms how they connect with the global economy.

"The ease, speed, and affordability of digital platforms are reshaping the money movement landscape, simplifying processes for OFWs, and unlocking opportunities for SMEs, outsourcing, and freelance industries. Visa's commitment to digital solutions strengthens economic support, growth, and financial inclusion driving a more resilient Philippine economy," the payments platform said.

Visa reaffirmed this commitment as the holiday season is setting in, a period when remittances from OFWs, digital workers and SME owners surge as many Filipinos abroad send extra funds to support family celebrations, year-end expenses and business investments.