Padala
From Wikipedia, the free encyclopedia
Padala is a cultural concept, a tradition and a state of mind of Filipinos leaving the Philippines to work in foreign lands as Overseas Filipino. Overseas Filipinos send help and assistance to their families back home in the form of padala. Padala is a mode that "is actually an increasingly extensive network of informal money remitters that is also called the padala system. This system is based on personal couriers (usually friends and relatives) who deliver money door-to-door. In many cases, this mode is faster, cheaper and is more flexible with regard to time and proximity to OFWs and their dependents, especially in the urbanized areas of the Philippines."[1] In 2001, the Philippines ranked 3rd after India and Mexico among the world's top ten money remittance recepient.[2] In 2006, the Philippines received over $12 Billion dollars of money remittance from overseas Filipinos worldwide.[3]
