Breaking News for Overseas Filipinos: Win Big with ACE Money Transfer!

ACE Money Transfer has launched an amazing campaign for Filipino migrants who send money to Philippines from the UK, Europe, Canada, Switzerland, and Australia.

All the Overseas Filipino Workers (OFWs) residing in the listed countries above have a chance to participate in this exciting campaign and win amazing prizes in a series of lucky draws, coupled with enjoying fee-free transfers!

The prizes in this promotion include 09 New iPhone 14 Plus for senders and 03 Brand New Honda Click 160 Motorcycles for recipients of remittances. Isn’t it exciting that both the expatriates and their loved ones back home can win prizes?

The method of lucky draws is selected to a) ensure optimal transparency and b) provide equal opportunity to all the participants to win prizes.

Continue reading to learn all you need to know about this exciting campaign.

But a look at the Filipino diaspora and the reasons why they migrate is imperative before delving deeper into the campaign to understand the logic behind the launch of the campaign better.

Let’s start!

A Brief Background About OFWs And Why They Travel Abroad For Work

A report by Pilot Guides said that with 10 million migrant workers, the Filipino diaspora is one of the largest worldwide.

They travel to other countries to earn a living due to the poor economy of the country. And their financial contribution to the country’s economy can safely be called a financial lifeline. Furthermore, the remittances they send back to the Philippines help the households lead a financially decent life which is a challenge in the absence of a reasonable means of living.

The Push Factors Behind Filipinos’ Migration

Below are some of the factors that push Filipinos out of the country in search of better job opportunities.

Low Income And Wages

The salary structure in the Philippines is poor. Wages and salaries in different sectors of the economy are low – barely enough to help one make ends meet. Even at times, working long hours makes little difference because the wages are too low to create a substantial financial impact.

Lack Of Savings For Rainy Days

With limited financial means at their disposal, the people of the Philippines can barely manage the daily running expenses. It leaves no room for them to save money for the future or rainy days.

Because let’s face it!

One cannot be working forever. One has to call it a day and stop working. But abandoning work never means one no longer needs money. Right?

So, here is where the need for savings is felt the most.

Lack Of Investment

A poor economy such as the Philippines offers little hope for investments. Whatever one earns is consumed in meeting the necessities of life. And people cannot manage savings.

Therefore, Filipinos travel abroad so that they earn a living in a foreign currency that makes a huge difference after being converted into the local currency. This affords them the financial flexibility to save money and invest.

The Philippines Economy

In a 2021 World Bank report, the Philippines’ nominal GDP was projected at $394.09 billion.
In another World Bank report of the same year, the Philippines’ GDP per capita income was projected to be $3,460.5.

The Dropping Inward Remittances

Remember that remittances have always served developing countries as financial lifelines. And almost every developing country receives remittances annually to the tune of multi-billions.

The Philippines was no exception to this.

But in 2022, the inward remittances to the Philippines nosedived to $9.07 billion, down from $36.69 billion in the preceding year, according to a World Bank report.

This drop in the quantum of remittances shrunk the Philippines’ economy, further impacting and saturating the job market in the country.

Therefore, Filipinos travel abroad in search of better job opportunities.

Realising these challenges the people of the Philippines have been facing, ACE Money Transfer has launched an exciting campaign to facilitate the OFWs.

An Insight Into The Exciting Current Campaign

ACE Money Transfer has launched the current campaign for Filipino migrants who are working in the UK, Europe, Canada, Australia, and Switzerland. In this campaign, they can win exciting prizes if they send money to the Philippines with ACE Money Transfer across the campaign duration.

The best part of this campaign is that participation in it is simple.

To participate, they have to be Filipino migrants; secondly, they have to be residing in the listed countries above; thirdly, they have to be sending money through ACE Money Transfer as cash or to a bank, mobile Wallet or top-up.

They can participate by taking these simple steps.

Detail Of The Prizes

ACE Money Transfer has integrated 9 iPhone 14 Plus and 3 brand-new Honda Click 160 Motorcycles into this campaign.

The phones will be given to the senders of remittances, while the recipients will get the bikes. But the remitters will nominate a person to collect the bike, should they win one.

An Additional Surprise

Filipino migrants can enjoy as much fee-free money transfers back to the Philippines as they can during the campaign duration. Yes! All transfers are fee-free.

Campaign Duration

The campaign spans over 3 months and starts on June 1^st, 2023 and will end on August 31^st, 2023, both days inclusive.

Review the campaign’s complete Terms & Conditions to ensure timely participation with increased chances of winning prizes.

Increasing Chances To Win

Participation is slightly different from the steps Filipino migrants must take to increase their chances of winning exciting prizes.

They have to make sure to keep sending money daily across the campaign duration. They must avoid sending large amounts at once. Since every transfer is fee-free, they should keep sending money daily. This simple step will increase their chances of winning the prizes.

ACE Money Transfer – Facilitating Remittance Flow And Life

Prepare for the campaign now and start sending money to the Philippines fee-free as soon as the campaign goes live; follow the guidelines and stand a chance to win one of the 9 iPhone 14 Plus or one of the 3 brand-new Honda Click 160 bikes.