Western Union and Department of Migrant Workers Sign MoU in Support of Overseas Filipino Workers
June 13 2023 - 2:46AM
Business Wire
- MoU enhances collaboration to increase knowledge of, and
access to, financial and other services for Filipino workers
abroad
- Sits at the heart of Western Union’s strategy to
support Overseas Filipino Workers, demonstrating Western
Union’s global commitment to the country and its
citizens
Western Union and the Department of Migrant Workers (DMW) today
announced that they have signed a Memorandum of Understanding (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. Western Union will also support the
DMW in advocacy such as anti-human trafficking and anti-illegal
recruitment programs.
“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,” said Farah.
Creating seamless remittance journeys for one of the largest
receive markets in the world
World Bank data shows that the Philippines is the fourth-largest
remittance-receiving country globally, with Filipinos sending USD
38 million in remittances home in the last year alone. The highest
number of diaspora currently reside in the United States of
America, Canada, Singapore, the United Kingdom, Japan and the
Middle East.
"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."
The Department of Migrant Workers is the exclusive home of
Overseas Filipino Workers and their families in government. It is
mandated to protect their rights and welfare. It is also tasked to
develop and implement a full-cycle national reintegration program
which shall be embedded in all stages of migration, from
pre-deployment, on-site during employment, and upon return.
Western Union, which has been operating in the country for over
three decades, began its relationship with the DMW over 20 years
ago. It is the only money transfer operator with a physical
presence for Filipino workers at the Department’s main site in
Manila. The MoU will also enable both entities to explore the
possibility of expanding Western Union’s presence to DMW sites
across the country, with the intention of further extending
financial and other related services to Overseas Filipino Workers
and their families.
About Western Union
The Western Union Company (NYSE: WU) is committed to helping
people around the world who aspire to build financial futures for
themselves, their loved ones and their communities. Our leading
cross-border, cross-currency money movement, payments and digital
financial services empower consumers, businesses, financial
institutions and governments—across more than 200 countries and
territories and nearly 130 currencies—to connect with billions of
bank accounts, millions of digital wallets and cards, and a global
footprint of hundreds of thousands of retail locations. Our goal is
to offer accessible financial services that help people and
communities prosper. For more information, visit
www.westernunion.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230612061091/en/
Media contacts: Saadia McGlinchey;
Saadia.McGlinchey@wu.com Karen Santos;
Karen.Santos2@westernunion.com
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