BankCom bullish on remittance service for OFWs in Japan

By Brix Lelis

Dec 15, 2023 12:20 am

BANK of Commerce (BankCom), an affiliate of San Miguel Corp (SMC), said Thursday that it was upbeat on the market potential of its 'SikapPinoy Asenso' service, a remittance, savings, and investment platform for overseas Filipino workers (OFWs) in Japan.

BankCom said it saw growth potential following a central bank report that the remittances from OFWs as of end-September had risen to 2.8 percent to US$27.24 billion from $26.49 billion.

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