By GSMA International remittances provide the most tangible link between migration and development. At more than three times the size
Each year millions of Americans use money services businesses (MSBs) to pay bills, cash checks, exchange currency, and send funds to family members and friends.
The paper gives an overview of the CONTACT Payment System services, statistics and key facts since its establishment.
General information about CONTACT, a leading Russian money transfer system.
Includes review of workshop on “Diaspora banking: tapping into a global economic force”
The mobile money industry, as measured by the number of deployments around the world, has grown rapidly. As of April 2012, there were 123 that offered basic financial services to customers. But the number of customers who are actually using these services has been difficult for anyone to ascertain.
This review considers the differences between the adoption rates of M-PESA in Kenya and Tanzania and tries to highlight some of the reasons that the same service launched in seemingly similar countries has yielded such different results.
This report assesses the UK to Ghana remittance corridor, addressing both the UK and Ghanaian regulatory environments, the products and services available on the market and the remittance patterns of the UK-based Ghanaian Diaspora.
In our study, we focused on three primary types of domestic remote transactions mobile money has the potential to target: bill payment, money transfers, and loan payments. Bill payments are most common and are used by 55% of the population.
This Working Paper explores what the private sector, and in particular financial institutions in both emigration and immigration countries, and their service providers, can do to better the value propositions currently available to migrants and their families. Beyond and above the efforts of past years to improve transparency and certainty, competition, and reduce costs (efforts which have delivered results mostly in the American corridors), remittances remain in majority paid in and paid out in cash.