Quarterly market share of incoming remittance brands in the Philippines 2011-2023
Western Union's market share in outgoing remittances was relatively high in New Zealand as of late 2023, more so than in the United States. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going towards the Philippines. The three countries from which the Philippines received the highest value of remittances are the U.S., Saudi Arabia, and Canada. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.