Remittances

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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UN report: Migrants sending billions more home than in 2007 – The Washington Post

IFAD’s report is the first one to take into account remittance trends from 2007 to 2016, spanning ten years of money sent by migrants in the US, UK, and Europe to their families back home. Migrants are sending home billions of dollars more than they did a decade ago — and the rate of growth …

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FT Partners: Global Money Transfer: Emerging Trends & Challenges Report (May 2017)

FT Partners: Global Money Transfer: Emerging Trends & Challenges Report (May 2017)

Global Money Transfer Report Whenever FT Partners puts out a report, you know it is worth the weight in paper! You want to print it and devour each word, each sentence, each number and each infographic. In early May (2017), FT Partners released the Global Money Transfer: Emerging Trends & Challenge report. The 185 page report …

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Helping To Avoid Audits with Smarter Money Transfer Practices

While it isn’t illegal to send or transfer money to people in other countries, you can attract the attention of both the IRS and other legal entities if it appears that you are laundering money or hiding funds. It happens more often that you would imagine, and few people using international money transfers for unscrupulous …

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Saudi advisory council to debate proposed levy on remittances -report | Zawya

Ever since oil prices fell, the Gulf Cooperation Countries have been flip-flopping on the issue of remittance tax. Expatriates (read: migrant workers) living in the GCC annually send over US$ 100 Billion back to their home countries. All was hunky-dory when the price of an oil barrel was over US$ 100. Today, the case needs to …

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Saudi Arabia planning to cancel $20bn worth of projects – report

With all these cuts in Saudi government spending, construction is the largest sector that is affected. Some estimate cite as much as 45%. Outgoing remittances will be impacted and the results would clearly be noticeable in the coming quarters. Ministry budgets could be cut by a quarter; some ministries may also be merged or eliminated …

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