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Migrants Sent Record $466 Billion Home in 2017: World Bank
“The overall recovery in remittances is better than we expected. It is driven by stronger growth in the European Union, the Russian Federation, and the United States,” the bank said in a statement.
- Tags
- migrants, remittances
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How immigrants are driving digital transformation of U.S. remittances
There are about 43.7 million immigrants in the United States, and remittances sent from here by foreign-born immigrants rose to $66 billion from $50 billion over the past five years, according to the World Bank.
- Categories
- Finance
- Region
- North America
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Press release: Miller Center Launches “Social Entrepreneurship at the Margins” Program
For the first time, up to 20 global social enterprises serving migrants, refugees, and human-trafficking survivors will receive training through Miller Center for Social Entrepreneurship’s 15-year-old accelerator program
- Categories
- Uncategorized
- Region
- North America
- Tags
- accelerators, human rights, migrants, refugees
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The Fight For The $400 Billion Business Of Immigrants Sending Money Home
A new class of startups is using bitcoin and the blockchain to drastically lower fees as they try to grab a share of the remittance market from old competitors like Western Union.
- Categories
- Technology
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George Soros, Mastercard to Partner to Aid Migrants, Refugees
Billionaire investor George Soros will partner with Mastercard Inc on a venture they said could help migrants, refugees and others struggling within their communities worldwide to improve their economic and social status.
- Categories
- Impact Assessment
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A Demographic Time Bomb: The Urgent Need to Prepare Undocumented Hispanic Immigrants for Retirement
The United States is home to some 11.3 million undocumented immigrants, mostly Latin American. These immigrants are aging, and whether they stay in the U.S. or return to their home countries, many are woefully underprepared for the financial burdens of retirement. The consequences of ignoring their retirement savings needs are significant – but so are the opportunities to reach them with financial products.
- Categories
- Investing
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Seven Strategies to Attract 40+ Million New Customers: How U.S. banks can serve immigrants today and tomorrow
The surge of unaccompanied minors crossing the U.S. border has put the immigration debate back in the headlines. But CFSI’s Thea Garon argues that the more important issue is whether the millions of immigrants who already live in the U.S. have what they need to succeed. She lays out new research from CFSI on how financial service providers can serve immigrants - both now and if comprehensive immigration reform is passed.
- Categories
- Investing
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