The lure and the size of the P2P Remittance market are huge. How big is the remittance market? Some say it is in the Trillions. Some say a few Billions. What is the actual number? Transcription: Hello my name is Faisal Khan. I am a banking and a payment consultant. And the question is how […]
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 […]
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 […]
Bitcoin Remittance Here is a brief presentation that explains the flow of funds and the basic concept behind Bitcoin Remittance, i.e. how to use Bitcoin as a means for value transfer for purposes of cross-border money transfer.
The world of remittances is changing fast. New innovative methods for money transfer are now being applied to the remittance industry with a pace never seen before. A question often asked of me is why a certain method of remittance is deemed correct and an alternative method not? Well, lets take a look at a […]
Here is something we made the other day. Remittance players at a glance. The infographic posted can be downloaded from here.
One question often asked is how do Bitcoin remittances work. Rebittance as it is more affectionately called, enable near real-time value transfer between two money transfer operators. Whether or not this is legal, is a separate debate and you can read about it here (How Legal is Bitcoin Remittance).
In February 2015, I wrote an article Coins.ph offers remittances to Philippines using Coinbase. Illegally? The end result of the article was receiving approximately 54+ comments out of which 50 or so were downright abusive. Hate mail followed. I almost debated if publishing this article was going to be worth it. After much thought I have decided […]
tl;dr: Coins.ph just broke the law in all 50 States by willfully conducting money transfer services without a money transmitter license and are not even registered with FinCEN (at the time of writing this article). There is a very interesting article that caught my eye today in CoinDesk. A startup based out of Philippines is now offering remitters […]
Introduction This article discusses the ability to make small-value remittances, across border in a seamless manner, without incurring any high-costs that are typically associated with cross-border money transfers. These micro or small-value transactions can literally uplift economies. There are (in my opinion) Billions of Dollars worth of transactions, waiting to happen, if the framework for […]