To promote the value of saving and investing, BDO Remit vowed to conduct more financial literacy programs in Mindanao next year.
“Sa tingin ko marami ang gagawin namin sa Mindanao because of the BDO Network Bank. We just started last September for the soft launch but we will have a lot to do and as much as possible we want to bring it in the malls so that it will be more fun depende sa success. If we have enough budget we can bring artists para hindi boring,” said Genie Gloria, senior vice president and head of remittance of BDO Unibank in a press conference during the Pamaskong Handog 2019 held at SM City Annex last Saturday.
Gloria believes that financial education is an invaluable gift to the Overseas Filipinos (OFs) market and their beneficiaries in the event they return to their home country and choose to become entrepreneurs.
She said that raising their financial knowledge should start at the onset by teaching them what they can do with their hard-earned money by allocating a portion to savings and looking for investments which can serve their long-term goals.
As part of their campaign, BDO Remit is conducting campus visits to teach young adults, whose parents may be an overseas Filipino to take care of the money remitted to them. They also do financial education activities in various barangays to orient people particularly the unbanked the importance of being a part of the formal banking system.
Since starting the financial education advocacy in 2014, BDO Remit has noticed a significant improvement in the savings approach of OFs as indicated by the growth in their monthly savings.
“When nagsimula kami dito halos wala silang na-si-save. But they are saving more now and they know their priorities and goals. For us this improvement is a testament that this advocacy of ours is working well for them,” Gloria said.
BDO Remit through its long-standing partnership with Overseas Workers Welfare Administration (OWWA) has been teaching Filipinos how to manage their earnings abroad.
BDO Remit is the global remittance service brand of BDO Unibank.
Meanwhile, Pamaskong Handog is a Christmas celebration for overseas Filipinos and their families organized annually by BDO and SM Supermalls. The said event is BDO Remit’s way of giving back and recognizing OFs for their trust and loyalty as BDO Kabayan Savings account holders.
Now on its 8th year, the Pamaskong Handog will be held separately in Cebu, Davao, and Pampanga this month, with SM hosting the venues.