“I just tried my luck in Taiwan when I graduated from engineering college. Little did I know that I’d be staying there for more than 9 years now.”
Michael is a test engineer at a power supply manufacturer just north of Taipei, Taiwan. He lives there with his wife, who also works at a nearby factory. “Trabaho talaga dito sa Taiwan.“
The couple has a 5 year old daughter who they left in the care of Michael’s parents in his hometown of Isabela.
“Masaya naman kami sa Taiwan, lalo na tuwing sahuran.”
A new way to send money home
Every Sunday, Filipinos in Taiwan congregate to send a big part of their hard-earned money back to their loved ones in the Philippines. These remittances are often beset with high fees and hidden exchange rate charges. Michael, the tech-savvy engineer, found another way with the Coins.ph app: “Gusto ko ito dahil halos lahat pwede mo gawing online. Very easy to use.”
Coins.ph has a partner in Taiwan – Maicoin – that lets Filipinos send money through any of the 10000 7-Eleven outlets in the island. Michael simply has to deposit his Taiwanese dollars over the counter, and it will show up in the Coins.ph wallet already denominated in pesos. From the app, he can choose to direct the money to his Philippine account, deliver through a pera padala outlet, pay his home bills, or even buy load.
More control over finances
For Michael, the biggest benefit of Coins.ph is being able to send money in smaller amounts but more frequently, giving him more control over his finances. “Wala kasing remittance fees. Lalo na kung 2000 pesos o 1000 pesos ang papadala mo, malaki talaga ang matitipid mo. Machecheck mo pa dahil online ito.”
After Michael initiates the transfer to his PNB account, his brother in the Philippines who holds his card can just withdraw the cash. His family allocates the money he sends for food, home expenses, school allowances for relatives, and of course to take care of his daughter, something Michael wished he could do everyday.
“Siyempre namimiss ko ang anak ko,” he says, “Nakakabalik lang kasi ako once a year, tuwing Chinese New Year lang. Tuwing magkita kami ang laki na ulit niya.”
Interested to try it out?