Remittances

10 Questions every Money Transfer Business should ask themselves

10 Questions every Money Transfer Business should ask themselves?

I did a presentation on this long ago (The original presentation can be downloaded from here: Uberization of Money Transfer: 12 Questions every small and medium, independent money transfer operator should ask themselves). For months I’ve been thinking of doing an updated version of the presentation into an article, so here it is. It is …

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Summary of Western Union – Q2 Earnings Call 2017

Western Union Q2 Earnings Call 2017. Here are the summary points for the WU Q2 Earnings Call (2017), so that you don’t have to read all the report: Our digital business continue to excel with westernunion.com transactions increasing 25% Our Speedpay electronic bill payments business, however, again posted good result, delivering double-digit growth in the …

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Remittances: the huge cost to Africa in money transfer fees | Overseas Development Institute (ODI)

Weak competition, concentration of market power and flawed financial regulation all contribute to high remittance charges. Just two money transfer operators (MTOs) – Western Union and MoneyGram – account for two-thirds of remittance transfers. Why is the world’s poorest region paying the world’s highest money transfer fees? ODI has taken this issue up with African …

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THE DIGITAL REMITTANCE REPORT: How tech-savvy challengers are pushing the industry toward a digital-first future – Business Insider

This BI Intelligence report analyzes the global remittance market with its various players – both old and new – and discusses what the future might bring. Here are some of the key takeaways from the report: The global remittance industry is massive and yet still growing —  remittances are expected to reach $615 billion by 2018 …

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The RemTECH AWARDS 2017

Despite their importance, international remittances are plagued by a million and one issues from high costs to slow transaction times. To motivate and highlight ideas that have made significant contributions to improving remittances, Hugo Cuevas-Mohr (remittance expert) partnered with Mohr World Consulting and IMTC Conferences to develop the Remittances Innovation Awards (RemTECH Awards). These awards …

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