9.26.2012

BDO Remittance Partner in Cyprus

By Nora
Updated December 22, 2014

You can send money to the Philippines through this BDO remittance partner in Cyprus:

Masari Payment Services Ltd. 
Windsor Business Center
53 Spyrou Kyprianou, Mesa Geitonia
Limassol, Cyprus

Other ways to send money from Cyprus to the Philippines.

As of December 2010, there are 20,796 Filipinos in Cyprus, based on data from the Commission on Filipinos Overseas (CFO). Of this estimated total, 16,326 are working as OFWs, 2,485 are permanent residents,and the rest are undocumented.

Cyprus ranked 8th among countries in Europe with the biggest number of Filipinos. It has even more Filipinos than its Mediterranean Sea neighbor Greece, which is arguably more known to us than Cyprus. Greece has an estimated total of 11,100 Filipinos.


From January to July 2012, Filipinos in Cyprus have sent a total of US$32.6 million to their families in the Philippines. Majority of these Filipinos are working at sea, accounting for 87% of the total remittance from Cyprus over the 7-month period. Meanwhile, remittances from landbased workers increased compared to the same period in 2011, indicating an increase in number of landbased workers.


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