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Being Abandoned by the Money-Transfer Industry by LOUISE DONOVAN July 15, 2021 8:00 AM EDT

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Being Abandoned by the Money-Transfer Industry by LOUISE DONOVAN July 15, 2021 8:00 AM EDT RANKINGS MAGAZINE NEWSLETTERS PODCASTS COVID-19 MORE SEARCH SIGN IN Subscribe Now Most Popular J&J recalls some Neutrogena and PAID CONTENT Biden keeps Trump’s travel ban on Is China’s Bitcoin crackdown Aveeno sunscreens after Adaptability can be your Europeans, and airlines and cutting mining’s emissions—or carcinogen found company’s most important travelers aren’t happy about it shifting them somewhere else? attribute FROM AVNET MPW • MONEY TRANSFER Female migrant workers and the families they support are being abandoned by the money-transfer industry BY LOUISE DONOVAN July 15, 2021 8:00 AM EDT Related Articles INTERNATIONAL Singapore has COVID-19 well under control—but its migrant workers still face year-old restrictions April 7, 2021 BY TIMOTHY MCDONALD CAREERS Changed by the pandemic, many workers are reluctant to The pandemic has been hard on female migrant workers—and the families that rely on the remittances they send home. return to their old jobs ILLUSTRATION BY JUDITH RUDD—ANNA GOODSON ILLUSTRATION AGENCY May 18, 2021 BY DEE-ANN DURBIN, STEPHEN GROVES AND OTHERS POLITICS Subscribe to Fortune Daily to get essential business stories straight to Texas border town your inbox each morning. Roma becomes epicenter for migrant children seeking asylum This piece is published in partnership with Fortune and The Fuller Project. March 27, 2021 BY ELLIOT SPAGAT AND ASSOCIATED PRESS FINANCE Nearly half of remote workers ready to quit if PAID CONTENT forced to return in person New findings show addressing plastics is critical July 14, 2021 for execs BY LANCE LAMBERT FROM DOW NEWSLETTERS Workers are leaving the retail industry in droves When Kuwait entered its first lockdown in March 2020, Cristine Francisco June 23, 2021 RANKINGS MAGAZINE NEWSLETTERS PODCASTS COVID-19 MORE SEARCH SIGN IN Subscribe Now says her employers barred her from leaving their home. Stuck inside a BY KRISTEN BELLSTROM AND sprawling 11-bedroom house set over three floors, the domestic worker’s EMMA HINCHLIFFE Most Popular J&J recalls some Neutrogena and thoughts quickly turnedPAID CONTENT to her mother in the Philippines.Biden keeps Trump’s travel ban on Is China’s Bitcoin crackdown Aveeno sunscreens after Adaptability can be your Europeans, and airlines and cutting mining’s emissions—or carcinogen found company’s most important travelers aren’t happy about it shifting them somewhere else? In pre-pandemic times,attribute Francisco spent her day off walking the 40-minute FROM AVNET trip to a nearby money-transfer branch. Every two weeks, she sent the majority of her latest earnings—her salary is $450 a month, paid in cash— home to the Philippines. Francisco’s family uses that money to pay for MPW • MONEY TRANSFER essentials, including the treatment of her mother’s heart and kidney stone issues. Female migrantTrapped inside,workers Francisco was unableand to send the her salary families home for three they support are being abandonedmonths. Every by night, the she lay awakemoney-transfer worrying as her family in Iloilo, a coastal industry province in the west of the Philippines, entered what she describes as RANKINGS MAGAZINE NEWSLETTERS PODCASTS COVID-19 MORE SEARCH SponsoredSIGN IN FinancialSubscribe Content Now BY LOUISE DONOVAN “survival” mode. Her brother, Arnie, says the family cut expenses everywhere July 15, 2021 8:00 AM EDT they could, eating solely from their vegetable garden. Francisco begged her Most Popular 4 Cards Charging 0% J&J recalls some Neutrogena and older sister, who hadPAID herCONTENT own family to support, to lend FranciscoBiden keeps Trump’s money travel banfor on Is China’sInterest Bitcoin Until crackdown Nearly 2023 Adaptability can be your Aveeno sunscreens after Europeans, and airlines and cuttingCompareCards mining’s emissions—or carcinogen found their mother’s medicalcompany’s expenses. most important travelers aren’t happy about it shifting them somewhere else? attribute FROM AVNET “Cristine is our breadwinner. We rely 100% on her salary,” says Arnie. “Without her remittances, life here in the Philippines is so hard.” Earn more cash back on Over a year into the pandemic, Francisco says her elderly employers still your top eligible spend MPW • MONEY TRANSFER category heavily restrict her movements. Now the family’s driver helps deliver her New Citi Custom Cash℠ Card Female migrantearnings workersto the local money-transfer and agent. the families they support are being abandonedOthers may notby even the have that money-transfer option. Francisco is just one of some 100 industry 7 Mistakes Comfortable million female migrant workers whose remittances—money sent to family Retirees Know to Avoid BY LOUISE DONOVAN members still living in their home countries— sustain economies around the smartasset July 15, 2021 8:00 AM EDT world. Women make up about half of all migrants living and working abroad. Related Articles They also account for roughly half of annual remittances, but tend to send smaller amounts in more frequent intervals than their male counterparts, INTERNATIONAL Earn cash with a new according to the International Organization for Migration, and consequently Singapore has COVID-19 well under control—butCitigold® relationship and pay higher transaction fees. its migrant workersrequired still activities. face year-old EARN UP TO $1,500 RANKINGS MAGAZINE NEWSLETTERS PODCASTSADVERTISINGCOVID-19 MORE SEARCHrestrictionsSIGN IN Subscribe Now April 7, 2021 Most Popular J&J recalls some Neutrogena and PAID CONTENT Biden keeps Trump’s travel ban on BYIs TIMOTHYChina’s Bitcoin MCDONALD crackdown Aveeno sunscreens after Adaptability can be your Europeans, and airlines and cutting mining’s emissions—or RANKINGS MAGAZINE NEWSLETTERS PODCASTScompany’sCOVID-19 most importantMORE SEARCH SIGN IN Subscribe Now carcinogenRANKINGS found MAGAZINE NEWSLETTERS PODCASTS COVID-19 MORE travelers aren’t happySEARCH about it SIGN IN Subscribe Nowshifting them somewhere else? attribute FROM AVNET Most Popular CAREERS Most Popular J&J recalls some Neutrogena and PAID CONTENT Biden keeps Trump’s travel ban on Is China’s Bitcoin crackdown Adaptability can be your J&JAveeno recalls sunscreens some Neutrogena after and PAID CONTENT Europeans, andBiden airlines keeps and Trump’s travel ban on cutting mining’s emissions—orIs China’s Bitcoin crackdown Changed by the carcinogen found company’sAdaptability most important can be your travelers aren’t happy about it shifting them somewhere else? Aveeno sunscreens after attribute Europeans, and airlines and cutting mining’s emissions—or company’s most important carcinogen found FROM AVNET travelers aren’t happy about it shifting them somewhere else? pandemic, many RANKINGS MAGAZINE NEWSLETTERSattribute PODCASTS COVID-19 MORE SEARCH SIGN IN Subscribe Now FROM AVNET workers are reluctant to The pandemic has been hard on female migrant workers—and the families that rely on the remittances they send home. MPWMost Popular• MONEY TRANSFER Relatedreturn to their old jobsArticles J&J recalls some Neutrogena and PAID CONTENT Biden keeps Trump’s travel ban on Is China’s Bitcoin crackdown ILLUSTRATION BY JUDITH RUDD—ANNAAveeno sunscreens GOODSON after ILLUSTRATION AGENCYAdaptability can be your Europeans, and airlines and cutting mining’s emissions—or carcinogen found company’s most important travelers aren’t happy about it shifting them somewhere else? May 18, 2021 MPW • MONEY TRANSFER attribute FROM AVNET Female migrant workers and the families they supportINTERNATIONALBY DEE-ANN DURBIN are, STEPHEN GROVES MPWFemale• MONEY TRANSFER migrant workers and the families they support are AND OTHERS being abandoned by the money-transfer industry Singapore has COVID-19 FemalebeingMPW • MONEY TRANSFERabandoned migrant workers by the money-transfer and the families industry they support are well under control—but POLITICS BY LOUISE LOUISE DONOVAN DONOVAN its migrant workers still beingJulyFemale 15, 15, 2021 2021 8:00 8:00 AMabandoned EDT AMSubscribe EDTmigrant to Fortune workers by Daily the to and get money-transfer essential the families business stories they straight industrysupport to are Texasface year-old border town BY LOUISEbeing DONOVAN abandonedyour inbox each morning.by the money-transfer industry Romarestrictions becomes July 15, 2021 8:00 AM EDT For millions of families, these remittances are an economic lifeline. In 2019, epicenter for migrant BY LOUISE DONOVAN April 7, 2021 July 15, 2021 8:00 AM EDT money sent by migrant workers back to low- and middle-income countries children seeking asylum BY TIMOTHY MCDONALD This piece is reachedpublished $554 in partnership billion, overtaking with Fortune foreign and direct The investments, Fuller Project according. to the March 27, 2021 World Bank. In the Philippines, one of the world’s most remittance- BY ELLIOT SPAGAT AND ASSOCIATED PRESS dependent economies, domestic workers—who are overwhelmingly female— CAREERS Changed by the account for a third of all overseas foreign workers who send money home. FINANCE pandemic, many When remittances flag, communities see less investment in schooling and workersNearly half are of reluctant remote to The pandemic has been hard on female migrant workers—andnew businesses, the families thatand rely households on the remittances lose they the send cushionhome. that might help them returnworkers to ready their oldto quit jobs if PAID CONTENT forced to return in ILLUSTRATION BY JUDITH RUDD—ANNA GOODSON ILLUSTRATIONsurvive AGENCY bad harvests or sickness, says Michael Clemens,Related an economist Articles at the May 18, 2021 person Center
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