Markets Archives - Page 3 of 25 - Remittances Gateway

NSB joins IFAD to celebrate first-ever International Day of Family Remittances

June 15, 2016July 12, 2016 family remittances, idfr, nsb, Sri Lanka

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.

The future of remittances is digital

April 20, 2016July 12, 2016 digital, mobile remittances, Terrapay

The remittance industry is being digitally remastered. A growing base of customers comfortable with using mobile devices, increasing competition from

Lebara and Allianz Group announce insurance partnership to consumers in emerging markets

March 9, 2016July 9, 2016 emerging markets, insurance, lebara, Migrants

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.

Nigeria to launch Post Bank

March 8, 2016July 9, 2016 Nigeria, Postal networks, Private sector, rural areas

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.

Mobiles speed up financial inclusion in Africa

March 8, 2016July 9, 2016 Africa, financial inclusion, Mobile financial services, Mobile money

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.

Opening a Nationwide Mobile Wallet

March 8, 2016July 9, 2016 digital wallet, mobile wallets, Peru

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.

Gulf migration at an inflexion point

February 21, 2016July 20, 2016 gcc, gulf countries, India

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.

Más facilidades para el envío de remesas

February 10, 2016July 9, 2016 Africa, remesas, ria

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.

Azimo Wins Award for Best Low Cost Remittance Service to Africa

February 2, 2016July 9, 2016 Africa, Azimo, low cost

Azimo, the digital money transfer service, today announced that it has been awarded the best low cost remittance service by Africa’s sixth annual Kalahari Awards.

Western Union : Diaspora Remittances Can Spur Economy

January 28, 2016July 9, 2016 Africa, economy, remittances, Western Union

At the beginning of this year I indicated that Zimbabwe must work very hard to raise national productivity in order to enhance national competitiveness. Undoubtedly, one of the stumbling blocks to raising productivity is limited finance or liquidity crunch.