- Good news for OFWs in the UAE and their families back home!
- On April 14, 2026, the Bangko Sentral ng Pilipinas and the Central Bank of the UAE officially agreed to connect their payment systems. The goal is simple: make sending money from the UAE to the Philippines faster, cheaper, and easier.
- Right now, sending money from the UAE to the Philippines can cost more than 4% in fees. That means for every ₱10,000 sent home, over ₱400 goes to fees alone.
Good news for OFWs in the UAE and their families back home!
On April 14, 2026, the Bangko Sentral ng Pilipinas and the Central Bank of the UAE officially agreed to connect their payment systems. The goal is simple: make sending money from the UAE to the Philippines faster, cheaper, and easier.
Right now, sending money from the UAE to the Philippines can cost more than 4% in fees. That means for every ₱10,000 sent home, over ₱400 goes to fees alone.
This agreement aims to change that. Once the systems are connected, money could move the same way InstaPay works here: fast, direct, and low-cost.
They also plan to connect card systems in the future, so even more payment options will be available for OFWs and their families.
One thing to note: this is NOT LIVE yet. Both countries signed the agreement, but the actual connection is still being built.
While waiting, if you or your family is sending money from the UAE today, make sure you are using the lowest-cost option available.
Download the KKB App to compare remittance and digital banking options. 👇