Whenever I would visit Hong Kong, I’d see hundreds of overseas Filipino workers (OFWs) working hard to provide for their families back home. Sometimes I’d make small talk with them, asking them how long they’ve been there or how often they see their loved ones. The stories are always touching and sometimes heartbreaking, but it’s the only choice many of them have. Skilled workers are needed abroad and the pay helps those they’ve left behind.
The problem with working abroad is remitting the money back home. The fees can be expensive and can take a huge chunk that could be used in the Philippines. But that has changed because AlipayHK and GCash have partnered to create the first blockchain-based cross-border digital wallet remittance service globally, so that users can transfer money between Hong Kong and the Philippines.