The Bank of the Philippine Islands (BPI) has received recognition from the Philippines Overseas Labor Office (POLO) in Hong Kong for its workers financial education program.
POLO awarded BPI with a plaque for its initiatives to teach financial literacy to overseas Filipino workers (OFWs) with the aim to help families stay together.
The Department of Labor and Employment agency cited BPI as its partner in “advocating for the protection and promotion of the rights and welfare of our OFWs” now numbering around 220,000 in Hong Kong – the largest group of expatriates.
BPI Remittance Center Ltd. Managing Director Charius Voltaire Medina said, “This recognition further inspires us to continue reaching out to more OFWs and help them manage their finances better, so that, eventually, they wouldn’t have to be away from their families anymore.”
In 2018, BPI conducted financial education seminars to teach investments, ways to save, and securing financial future of Hong Kong-based OFWs and their families.
The BPI Pamana Padala was presented as a unique remittance solution that offers a free remittance continuation benefit for 12 months to the family in case the OFW member is unable to send remittances.
“The response we received from our target beneficiaries proved that we brought the services they actually needed. Many of them were able to open their accounts through our assistance,” added Medina.
Are you an OFW or with an OFW family member? CHECK OUT how BPI can help you secure your future and tell us your thoughts in the comments below.
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