Western Union signs MoU with Department of Migrant Workers for Filipinos
By Leandra Monteiro
Western Union and the Department of Migrant Workers (DMW) announced that they have signed an MoU to support the international remittance needs of Overseas Filipino Workers.
The MoU bolsters Western Union’s relationship with the DMW, while demonstrating its commitment to the country and supporting the financial needs of Filipinos worldwide.
The MoU reaffirms Western Union’s role to enable Filipino workers send money home to their loved ones through its global money movement network. In the Philippines, the two entities will work together to enhance knowledge of – and access to – financial services for Filipino workers through joint financial literacy programs and other campaigns.
“I am excited and humbled to have signed this important MoU with the Department of Migrant Workers. It stands firmly at the center of Western Union’s strategy to support Overseas Filipino Workers,” said Jean Claude Farah, President of Middle East and Asia Pacific at Western Union.
“This week is particularly special because our signing coincides with National Migrant Workers’ Week. It also leads into the Philippines’ 125th Independence Day next week – a momentous occasion for the country and its citizens around the world. Today, over 10 million Filipinos live and work abroad, contributing to global economies as well as their own. They are the country’s modern-day heroes. We are proud of the role we play in connecting them to their families. I am confident that our collaboration with the DMW will be instrumental in our combined journey of enabling accessible financial services for all,” added Farah.
“We appreciate the partnership with Western Union, a long-time partner, especially in the area of remittances,” said Susan Ople, Secretary of Migrant Workers at the Philippines Department of Migrant Workers, as she underscored the importance of partnerships. “We want our Overseas Filipino Workers to come back home with excitement in their hearts on what the future holds for them and their families, through meaningful partnerships across the government bureaucracy and with NGOs and private companies serving as their mentors and cheerleaders. With your help, OFWs will not have to travel alone. They will have coaches and mentors to support them in all the stages of their journey.”
IBSi Daily News Analysis
January 16, 2024
Asia Pacific
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