Cross-border transactions are typically challenging to navigate, especially for end users. However, it’s quite easy to send money to the Philippines from Hong Kong with the right tool, knowledge, and network.

Whether you’re sending money to your loved ones, for tuition purposes, or business payouts, this blog explores everything you need to know about how to send money to the Philippines from Hong Kong.

It also discloses tips on how to navigate the digital payment landscape in Hong Kong. 

Let’s get into it.

Key Takeaways

• There are multiple reliable options, each with pros and cons. From traditional bank transfers and cash pickups to mobile wallets and digital remittance platforms, each method has trade-offs in terms of cost, speed, convenience, and accessibility.
• Choosing the right method depends on your recipient and transfer goals. Whether it’s speed, cost, recipient accessibility, or platform compatibility, you should align your choice with the specific purpose of the transfer, be it personal support, tuition, or business payments.
• Digital solutions offer better speed and affordability. Platforms like DSGPay provide faster transactions, lower fees, and more competitive exchange rates than banks, making them ideal for tech-savvy users and frequent transfers.

6 Best Ways to Send Money to the Philippines from Hong Kong

Whether you’re trying to send US dollars to the Philippines or other currencies, here are the best ways to send money to the Philippines from Hong Kong in 2025:

1. Digital Remittance Platforms

These platforms have revolutionised cross-border payments. They offer better exchange rates and lower fees than traditional banks. Some of the top digital remittance platforms in Hong Kong are Currenxie, EMQ, Panda Remit, etc.

Pros:

• They charge low fees.
• They offer competitive exchange rates.
• They are convenient for mobile apps.

Cons:

• They may require internet literacy.
• There can often be slight delays with bank processing.

2. Traditional Bank Transfers

Many regular banks in Hong Kong allow direct wire transfers to Philippine banks. Institutions like HSBC Hong Kong, DBS, and Standard Chartered offer this service.

Pros:

• It is safe, familiar, and regular to the layman.
• It is accessible if both parties have bank accounts.

Cons:

• They have higher fees and less favourable rates
• They process transactions more slowly, sometimes taking 2-5 business days for each.

3. Cash Pickup Services

Cash pickup services are services that let you send money that can then be collected in cash at partner locations in the Philippines.

Pros:

• Instant or same-day availability.
• Great for unbanked recipients.

Cons:

• High service fees.
• The recipient must travel to pick up funds.

4. Mobile Wallet Transfers

Mobile wallet transfers refer to the electronic movement of money between digital wallets. They are applications on mobile devices that store payment information and allow users to send and receive funds. These transfers are typically initiated and completed using a mobile phone.

Services like GCash, PayMaya, and Coins.ph are popular in the Philippines; however, you can only make transfers from these platforms if you’re situated in the Philippines.

Pros:

• They are fast and accessible.
• They charge low fees.
• Works well for younger, tech-savvy users.

Cons:

• A sender may need to use a compatible service or partner to receive funds.
• It is limited to wallet-supported transactions.

5. Cryptocurrency Transfers

Cryptocurrency transfer is a way of sending/receiving money using blockchain networks. The transfer occurs directly between crypto wallets rather than moving through banks. Cryptocurrency is increasingly used by freelancers and tech-savvy individuals for instant, global transactions.

Pros:

• The fees are reasonably priced.
• Cryptocurrency is borderless and instant.

Cons:

• It can be extremely volatile.
• It requires both parties to understand the concept of cryptocurrency or how to navigate it.

6. Virtual Accounts

Virtual accounts are also a great way to send money to the Philippines from Hong Kong. With virtual accounts, you can send money using a multi-currency account that can be linked directly to your main bank account in your home country.

Virtual accounts are ideal for SMEs, remote workers, and growing businesses that handle frequent or high-volume transactions. For example, funds can be collected in currencies like USD or HKD, then converted and paid out locally in PHP through supported channels.

Pros:

• Multi-currency support.
• Fast, efficient transfers with real-time settlement.
• Transparent FX rates with lower fees than traditional banks.
• Built for both individuals and businesses managing cross-border payments.

Cons:

• Not many digital platforms offer this method.
• No support for cash pickup options.

Comparing The 6 Best Ways to Send Money to the Philippines From Hong Kong

To help you, let’s compare each of the best methods to send money to the Philippines and come up with the option that’s best.

How to Choose the Right Method to Send Money to the Philippines From Hong Kong

1. Carefully read through all the methods mentioned in this guide, and consider their speed, global relevance, limits, and more. Ensure it suits your needs.
2. Compare exchange rates and fees across platforms.
3. Check for daily or monthly transfer limits, especially if you’re sending larger amounts or recurring payments.
4. Choose a method that is simple to navigate for you and your recipient.
5. Ensure your recipient can receive funds through the selected method.
6. Reach out to the customer support to get more information on how to get started.

DSGPay: Your All-in-One Platform to Send Money to the Philippines from Hong Kong

If you’re looking for a single platform that can handle both personal and business transfers, DSGPay is built to simplify how you send money to the Philippines from Hong Kong.

With low fees, fast transfers, competitive exchange rates, and support for multiple currencies, DSGPay serves the needs of global businesses, online merchants, wholesale suppliers, freelancers, remote workers, and SMEs in today’s world.

What You Get with DSGPay

• Local & Global Payout Options: Choose between fast, low-cost local transfers or global payouts.
• Named Account Support for Local Transfers: Ensure trust and compliance with an account in your business name for local payouts.
• No PHP Bank Account Needed: Pay beneficiary in the Philippines directly without setting up a bank account.
• Favourable FX Rates: DSGPay offers competitive exchange rates and transparent fees that outperform other banks and digital platforms.
• Access to 30+ Currencies: With DSGPay, you get access to multiple countries in Asia, Europe, and more, simplifying cross-border transactions.
• Trusted and Regulated: DSGPay operates under a Hong Kong Money Service Operator (MSO) license, providing secure and compliant cross-border payment infrastructure.

How to Use DSGPay to Send Money to the Philippines From Hong Kong

If you want to use your DSGPay account to send money to the Philippines from Hong Kong, you have to first:

1. Sign up for your HKD account and hit “Send.”
2. Tap “New Beneficiary,” > “Payment Method,” > “Local Bank Payment.”
3. Select the country of your beneficiary and the beneficiary type.
   1. Select “Customer account” when the beneficiary’s bank account type is personal.
   2. Select “Business account” when the beneficiary bank account is a business account.
4. Tap on “Next” and select “Institution.” This is the name of your beneficiary’s bank.
5. Enter the beneficiary’s “Account Name” and “Account Number,” and tap “Next.”
6. Fill out your beneficiary’s “Home Address” and tap “Next.”
7. Enter the amount you wish to send in either the “Receiving Amount” or “Sending Amount” column. This will show you how much is leaving your account and how much your beneficiary is receiving.
8. Enter the “Purpose of Remittance” and tap on “Next.”
9. Review the transaction and ”Slide to Confirm.”
10. Enter your PIN to finish the transaction.

Final Thoughts

Frankly, the best way to send money to the Philippines from Hong Kong in 2025 depends on your needs. From digital apps to cash pickups, there are several options you can use to meet your goals.

However, DSGPay’s virtual accounts offer a cost-effective, speedy, and customised solution for both individuals and businesses. Sign up with DSGPay today to understand more about their virtual account opening process and get it for yourself.