Heavy inflows of remittances impair a country’s ability to conduct monetary policy Many developing and emerging market economies are modernizingRead more
A new study from Juniper Research has found that international remittances — including airtime top-ups — via mobile phone will exceed $25 billion by 2018, up 67 percent from an estimated $15 billion in 2015, according to a press release about the report.
The research found a significant upsurge in international remittance activity in the past two years with a number of cross-border mobile remittance services being deployed. For example, PayPal-owned Xoom announced in April 2016 that it will expand its services to 13 new recipient countries.Read more
An interview with Chandula Abeywickrema, Consultant – Strategy and Marketing, National Savings Bank (NSB)
The first-ever International Day of Family Remittances declared by the International Fund for Agricultural Development (IFAD) is celebrated today (June 16) to primarily recognize the sacrifices made by 250 million international migrants worldwide on behalf of their families.
The Rome-based IFAD champions the development of global remittances by migrant workers living outside the country they call home.Read more
Lebara, a mobile and media services provider to the world’s migrant community, today announced a partnership with global insurer the Allianz Group. The partnership will provide insurance and assistance services to meet the needs of migrants and their families globally.Read more
A study of five countries in Sub-Saharan Africa reveals 63 per cent of respondents are unbanked, and 52 per cent use mobile money through agents.Twenty per cent of the population use mobile money services on a mobile phone, and half of these people are unbanked.Read more