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GCash's parent company, Mynt, made history as the Philippine's first double unicorn when it announced that it raised $300M in funding last November 2021 at a $2B valuation. [ 12 ] [ 13 ] [ 14 ] In an effort to further increase its footprint, GCash Jr., designed for users aged 7 to 17, was launched in 2022.
According to Statista, the company was awarded the title of one of the Philippines' Best 100 Employers in the financial service industry for the year 2023. [18] M Lhuillier Financial Services is a recipient of the “Captain of Industry: Financial Institution Money Remittance” award from the Cebu Chamber of Commerce and Industry.
The following article presents a comprehensive overview of countries ranked by the amount of remittances they receive from abroad. Remittances, defined as monetary transfers made by migrants to their home countries, play a crucial role in global economies and the livelihoods of individuals and families.
Most remittance flows from high-income countries to lower-income countries. [1] Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. [2] [3] A substantial share of remittance ends up in the hands of banks and money-transfer companies due to fees imposed on money ...
The first paper money circulated in the Philippines was the Philippine peso fuerte issued in 1851 by the country's first bank, the Banco Español-Filipino. Being bimetallic and convertible to either silver pesos or gold onzas, its volume of 1,800,000 pesos was small relative to about 40,000,000 silver pesos in circulation at the end of the 19th ...
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