Kazakhstanis will be able to pay for goods in shops using mobile communication. The national operator Kazpost has launched aRead 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
Nigeria’s Minister of Communications said the Nigeria Postal Service (NIPOST), will soon introduce Post Bank to bring banking services to rural dwellers.Mr Adebayo Shittu said this today while addressing journalists in Ibadan.He said Postbank would avail rural dwellers access to banking services through NIPOST offices across the country.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
Four in five Peruvians don’t have a bank account, but in a country of 30 million people, there are about 32 million cell phones. So the leading Peruvian banks have teamed up to get money moving through those phones. On Dec.Read more
The steep fall in global oil prices has hit Gulf economies severely. Saudi Arabia, United Arab Emirates (UAE), Qatar, Bahrain are expected to run huge budget deficits as shrinking revenues from selling cheaper oil cannot fund their mounting expenditures. As they tighten their belts, the brunt of adjustment will be felt by migrants, who constitute the bulk of the labour force.Read more
La mitad de la población mundial no utiliza servicios financieros ni para ahorrar, ni para financiarse; de manera que, no debería sorprendernos que en 2014 los envíos de dinero a países en desarrollo ascendieran a más de 420.000 millones de dólares. Según el Fondo Internacional de Desarrollo Agrícola (FIDA) en 2014 se enviaron hacia y dentro de África más de 60.000 millones de dólares, lo que representa más del 5% del PIB para 12 países del continente africano.Read more