Remittances this year (2015) are poised to grow even more. By various estimates this year’s official count would most likely breach the US$ 600 Billion marker. The competition in the remittance value-space is increasing while the players are decreasing. Banks…
I’ll start with a confession. 10 years ago if someone had asked me what remittances were, I would have shrugged my shoulders and moved on. I had no inkling what they were and at the time, didn’t care. Today, things are different…
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)…
If you had asked professionals in the Fintech space about 7–8 years ago, what the word remittances meant, you’d be hard-pressed to find people who could accurately define it for you. Just for the record: I was one of them. Today, in…