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    • Remittance Market – Regulatory Framework
      Whilst remittances pose a real opportunity to be leveraged for social and economic development, they also pose a risk for money laundering and terrorist financing and thus form a nexus between banks, governments, regulators, multi-laterals, private money transfer companies, migrants and their families. (1, 19)
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    • 1 year, 11 months ago

      Profile photo of Sarah Sarah Hugo

    • Postal Network
      Postal networks have an extensive outreach globally, used by over 1.5 billion un(der)banked citizens worldwide. Given their extensive networks are they well positioned to deliver access to financial services in rural areas including international remittances? (1, 7)
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    • 1 year, 10 months ago

      Profile photo of Hans P Hans P Boon

    • Financial Inclusion & Remittances
      It is estimated that there are 2.5 billion adults that are financially excluded and that total financial inclusion could unlock the $9.6 trillion in “dead capital” assets. Sending and receiving money transfers is often the first interaction many people have with the formal financial system. Thus remittances have been identified as a potential hook for improving financial inclusion, where interaction can be utilised to offer additional services. Furthermore, remittances increase income and therefore propensity for financial services. (3, 14)
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    • 1 year, 9 months ago

      Profile photo of Hans P Hans P Boon

    • Diaspora Investment
      Whilst some countries have long recognised and benefited from targeting their Diasporas for investment, through the likes of Diaspora Bonds and HTAs, other countries are now taking notice and following suit, designing similar or alternative instruments to target at their overseas populations. Diasporas are not a homogeneous group, but are considered more likely to invest in their country of origin due to emotional ties and less adverse to the risk of exchange rate movements. Diaspora investment could be worth billions of dollars per annum globally, far exceeding foreign aid in a number of countries. Visit this category to partake in discussions pertaining to Diaspora investment. (1, 9)
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    • 1 year, 10 months ago

      Profile photo of Sarah Sarah Hugo

    • Competition through Innovation
      The money transfer market is evolving as new technologies, techniques, products and regulations provide an environment for innovation. Innovation is intensifying competition, reducing remittance costs, improving access, increasing the speed and the convenience of transfers, improving security and offering additional add on services and products driving financial inclusion. Still – for the most part, cash is king. (2, 13)
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    • 1 year, 8 months ago

      Profile photo of Patrice Patrice MÜLLER

    • The Cost of Remittances
      Remittance prices are not always transparent - with the fee charged by the service provider and often a margin made on the foreign exchange transaction. Remittance prices vary from country to country according to the service provider and the type of transaction. At the end of 2014 the average cost of sending remittances from South Africa to Malawi was 21.1% of the send amount, whereas the average cost of sending money from Singapore to Thailand was 1.2% of the send amount. (1, 3)
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    • 1 year, 11 months ago

      Profile photo of VERONICA VERONICA STUDSGAARD