PESO SENSE – The Philippine Financial Freedom Campaign aims to improve the financial acumen of both Overseas Filipinos (OFs) and their beneficiaries. The program, funded by the generosity of The Western Union Foundation in collaboration with Western Union® Agents e–Business Inc. and Petnet Inc., is executed by the United Nations Development Programme (UNDP) in collaboration with the Commission on Filipinos Overseas (CFO).
Established on 16 June 1980 through Batas Pambansa 79, the Commission on Filipinos Overseas (CFO) is an agency of the Philippine Government under the Office of the President tasked to promote and uphold the interests, rights and welfare of Overseas Filipinos, and strengthen their ties with the Motherland.
In the Philippines, UNDP fosters human development for peace and prosperity. Working with central and local Governments as well as civil society, and building on global best practices; UNDP strengthens capacities of women, men and institutions to empower them to achieve the Millennium Development Goals (MDGs) and the objectives of the Philippine Development Plan. Through advocacy and development projects, with a special focus on vulnerable groups, UNDP works to ensure a better life for the Filipino people.
Together with the Western Union Company, its employees, agents and business partners, the Western Union Foundation helps create a better world where the ability to realize dreams through education and economic opportunity is not just a privilege for the few but a right for all. The grants from the Foundation help people get ahead – lifting up individuals, families and entire communities across the globe.
eBusiness Services, Inc. (eBiz) traces its beginnings as the first Asia-Pacific direct agent of Western Union. Aside from money transfer services, eBiz is also committed in making meaningful contributions to economic and social development for the global Filipino family.
PETNET Inc. was established in August 12, 1998 and the principal purpose of the company has been to grow the network of Western Union in the Philippines. Guided by this purpose, PETNET has expanded and become the largest Western Union agent network in the country.