#freelancers

and Canadian companies that regularly pay Filipino freelancers, virtual assistants, contractors, and outsourcing partners, offering an alternative to traditional international bank transfers. Coins.ph CEO Wei Zhou added that the partnership strengthens their mission to provide reliable, affordable, and compliant financial services, particularly for freelancers and small businesses relying on international income. The service targets freelancers, gig workers, and families receiving remittances from the United States. Entitled The Philippines Freelance Market 2022 Report, the study shows that many Filipino are thriving as freelancers, benefitting from growing overseas freelancing opportunities. Sharing the key findings, the report revealed that freelancers who work with local and overseas clients earn 57% more per hour than those who work with just local clients. This accelerated the gig economy trend in the country and increased the ranks of Filipino freelancers in 2020-21. Despite the unpredictability of a steady income stream and job stability, Filipino freelancers continue to take advantage of the benefits of freelancing such as job flexibility, workload control, and greater earning potential from multiple income streams. While most freelancers still source their jobs in the Philippines, the survey suggests that more and more Filipino freelancers are in demand across countries including the United States, the United Kingdom, Hong Kong, South Korea, Taiwan, and the United Arab Emirates. Read more in our articles including "Veem, Coins.ph Expand Payment Partnership Covering US, Canada, PH" and "GCash unveils Virtual US Account in PH, enabling direct dollar transfers".