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Online Remittances: Closing The Gender Gap
According to the U.N., remittance sending behaviour of migrant women often involves a higher financial cost as they tend to send smaller amounts of their income more frequently and are subjected to paying more in transactions fees.
- Categories
- Finance
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Migrant Returnees Turn to Mobile Money in Sudan
Sudan presents a complex and diverse migration profile as a source, transit and destination country at the centre of multiple migration routes and is host to several migrant populations.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, migrants, migration, mobile money, MTN
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Q&A: Help Others or Go Bust, Migrant Billionaire Tells Big Business
Hamdi Ulukaya says the days of companies being run solely to maximise profit for shareholders are over.
- Categories
- Entrepreneurship
- Region
- North America
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Viewpoint: Remittances, The Flywheel Of The Global Economy
In a world roiled by populist sentiments and anti-immigrant tendencies, the world’s well-trodden migration corridors, which follow remittance corridors one to one, are under strain.
- Categories
- Finance
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Remittances to developing world hit record in 2019: World Bank
Money transfers to poor and developing countries hit a fresh record in 2018 and should become their largest source of external financing this year, the World Bank said Monday.
- Categories
- Finance
- Tags
- LMICs, migration, remittances, World Bank
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Boycott Myanmar: An Open Letter to the Microfinance Community
In response to global events, microfinance has quickly ramped up its focus on refugees. But when those refugees are the Rohingya – the Muslim minority being expelled from Myanmar (and the world’s latest victims of genocide) – this new focus raises some difficult questions, says Daniel Rozas. Why isn’t anyone in the sector talking about the unspeakable atrocities being conducted and condoned in one of the fastest-growing microfinance markets in the world? “There is no way around it: When we work in Myanmar, we are complicit in ethnic cleansing,” Rozas says, in a bold call for a country-wide boycott.
- Categories
- Finance
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Kenyans in diaspora now remit four times more cash
The remittances have been the country’s largest source of foreign exchange (international currencies) since 2015 when they overtook earnings from tea exports.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Digital Remittances: Now that they’re here, where are they headed?
Economic migrants send US $600 billion back to their home countries each year, most using expensive "traditional" agent networks, despite the availability of cheaper digital channels. But Xavier Martin Palomas with the Digital Frontiers Institute notes that in the past five years, we've seen a new wave of players and a renewed push toward digitizing remittances. Next month the Digital Frontiers Institute will launch its first course, Remittances in the Digital Age, to study the rapidly changing industry.
- Categories
- Finance
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