'It is high time we provide them with the banking solutions they deserve.'
Kabayan Party-list Rep. Ron Salo believes that there should be a dependable digital bank that would cater to overseas Filipino workers and their families.Kabayan Party-list Rep. Ron Salo believes that there should be a dependable digital bank that would cater to overseas Filipino workers and their families.
Salo believes that this bill is important at a time when millions of Filipinos rely on remittances and financial services that are not always easily accessible or affordable. Since 2020, the state-run Land Bank of the Philippines has led the creation of OFBank, a digital-only, branchless bank designed for overseas Filipinos. While it has made progress, further improvements are needed to fully meet the financial needs of OFWs, returning overseas Filipinos , dual citizens, and other Filipino expats.
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