Remittance Industry
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Putin vows to create national payment system - Xinhua

Putin vows to create national payment system - Xinhua | Remittance Industry | Scoop.it
Putin vows to create national payment system Xinhua His remarks came after international payment systems Visa and MasterCard earlier suspended processing payments by cardholders at Russian banks targeted by the United States under sanctions over...
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NACHA Reports Taking Steps Toward Ubiquitous, Same-Day ACH ...

NACHA Reports Taking Steps Toward Ubiquitous, Same-Day ACH ... | Remittance Industry | Scoop.it
NACHA announced today that "it is taking initial steps towards a ubiquitous, same-day ACH settlement capability. Through a “phased approach” to implementing new functionality, NACHA seeks to move the ACH Network from ...
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PSBs queue up to offer instant money transfer - Financial Express

PSBs queue up to offer instant money transfer - Financial Express | Remittance Industry | Scoop.it
PSBs queue up to offer instant money transfer Financial Express Close on the heels of RBI governor Raghuram Rajan's announcement that clearances have been given to put in place a system for instant money transfer (IMT), public sector banks are...
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African remittances higher than IMF, World Bank cash inflow - HumanIPO

African remittances higher than IMF, World Bank cash inflow - HumanIPO | Remittance Industry | Scoop.it
HumanIPO
African remittances higher than IMF, World Bank cash inflow
HumanIPO
“Remittances to the whole of Africa in 2012 totaled US$60 billion (excluding remittances via unofficial channels).
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(PR) MoneyGram Extends Exclusive Relationship with UK Post Office - Wall Street Journal

(PR) MoneyGram Extends Exclusive Relationship with UK Post Office - Wall Street Journal | Remittance Industry | Scoop.it
(PR) MoneyGram Extends Exclusive Relationship with UK Post Office
Wall Street Journal
MoneyGram (NASDAQ: MGI), a leading global money transfer and payment services company has extended its exclusive relationship with Post Office Limited in the UK.
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Slovenia's ACH conglomerate has launched bankruptcy protection procedures - Balkans.com Business News

Slovenia's ACH conglomerate has launched bankruptcy protection procedures - Balkans.com Business News | Remittance Industry | Scoop.it
Slovenia's ACH conglomerate has launched bankruptcy protection procedures Balkans.com Business News Slovenia's ACH conglomerate has launched bankruptcy protection procedures, buying five months of time to find an agreement on restructuring of over...
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Remittance of International Payments | Broadcast, Brazil, Payments, Contracts, Business, Financial | Broadcast Webcast Mobile

Remittance of International Payments | Broadcast, Brazil, Payments, Contracts, Business, Financial | Broadcast Webcast Mobile | Remittance Industry | Scoop.it
RT @BroadcastBrazil: Blog Broadcast Brazil: Remittance of International Payments http://t.co/DGY2np63i8
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Best Practices for Payments & Working Capital Optimization

Best Practices for Payments & Working Capital Optimization | Remittance Industry | Scoop.it
International Wire Payments. Wires (or RTGS payments) are often required for international payments and pose a set of idiosyncratic challenges. Individual banks often have their own rules for wire formats, which can ...
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NACHA To Move To Same-Day Settlement - PYMNTS.com

NACHA To Move To Same-Day Settlement - PYMNTS.com | Remittance Industry | Scoop.it
NACHA To Move To Same-Day Settlement PYMNTS.com The Electronic Payments Association said it's beginning to move the ACH network from single, next-day settlement to multiple, same-day settlement options that would be available for virtually any ACH...
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How Migrant Workers Are Shaping The Economies Of Home Countries

How Migrant Workers Are Shaping The Economies Of Home Countries | Remittance Industry | Scoop.it
More than 230 million people were living outside the countries of their birth in 2013. Many of them sent money home.
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'Follow the Money': NSA Spies on International Payments - SPIEGEL ONLINE

'Follow the Money': NSA Spies on International Payments - SPIEGEL ONLINE | Remittance Industry | Scoop.it
The United States' NSA intelligence agency is interested in international payments processed by companies including Visa, SPIEGEL has learned.

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Bob Boynton's curator insight, September 15, 2013 10:26 AM

Apparently my credit card is safe except when I travel to Europe. I only make it once or twice a year, but my friends who make it considerably more often -- beware.

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What is ACH Processing and how can it help your business?

ACH Processing Overview: Learn about ACH Payment Processing.
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Global Money Transfer (Remittances) Market Report: 2013 Edition

Global Money Transfer (Remittances) Market Report: 2013 Edition | Remittance Industry | Scoop.it
Global Money Transfer (Remittances) Market Report: 2013 Edition

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Pramod Pawar's curator insight, December 23, 2013 4:12 AM

Global Money Transfer (Remittances) Market Report: 2013 Edition

 

Remittance is defined as transfer of money by an individual residing in foreign country to his/her home country. The monetary fund transferred by foreign migrants to their homes represents second largest financial inflow to the respective nation.

 

To Read the Complete Report with TOC Visit:

http://www.marketresearchreports.biz/analysis-details/global-money-transfer-remittances-market-report-2013-edition

 

Remittance channel is collectively comprised of a sender, a recipient, intermediaries in both countries, and the payment interface used by the intermediaries. In order to ensure greatest security during any money transfer transaction, certain international standards have been set by the World Bank. The remittance system encompasses the following components: Remittance Service Providers (RSP), Remittance Corridors, Remittance Network and, Money Transfer System.

 

A consistent increase has been observed in the global remittance inflow and outflow over the past few years with the exception of 2009, which was on account of economic and financial turmoil. As of 2012, India, China, Philippines and Mexico, were the top four remittance receiving countries. Further, the top addressers of the remittance included the US, Russian Federation, Saudi Arabia and Switzerland during the cited period. The largest source of remittance flow to developing regions was high income countries in 2012.

The key trends providing sufficient growth opportunity for further growth of the global remittance industry include increasing employment opportunities apart from rising global GDP and rising number of international migrants. Some of the noteworthy trends and developments of this industry include the impact of remittance on health, education and poverty, wide portfolio of remittance services and correlation between remittance and foreign exchange rates. However, the growth of tissue paper industry is hindered by the difficulty in establishment of access points, tax regulations and strict regulatory compliances.

 

Click Here To Download Detail Report:

http://www.marketresearchreports.biz/sample/sample/181277

 

The report on global remittance market contains a comprehensive analysis of the global remittance industry along with the study of the regional markets including India, China, Mexico and Philippines. An intense competition is noted among few major players; Moneygram, Western Union, Euronet and Xoom; of the global remittance market. Apart from global competitive analysis, regional competitive landscape is also included in the report along with company profiles of the leading players in the market.

 

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

 

Table of Content

 

1. Overview

1.1 Remittance Marketplace

1.1.1 Components of Remittance Marketplace

1.1.2. Remittance Market Value Chain

 

2. Global Remittance Market

Remittance Inflow GrowthRemittance Outflow Growth

 

2.1. Remittance Market by Income Characteristics

2.1.1 Low Income Countries

2.1.2 Middle Income Countries

2.1.3 High Income Countries

2.2 Remittances Market by Region

2.2.1 Developing Countries

 

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UAE Exchange handles $7.18 billion remittances in 2013 - Economic Times

UAE Exchange handles $7.18 billion remittances in 2013 - Economic Times | Remittance Industry | Scoop.it
Economic Times UAE Exchange handles $7.18 billion remittances in 2013 Economic Times Company vice-president for global operations Promoth Manghat said, "We have seen record performance in remittance flows in 2013, with states like Maharashtra,...
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Remittance Transfer Rule (subpart B of Regulation E) >Consumer Financial Protection Bureau

Remittance Transfer Rule (subpart B of Regulation E) >Consumer Financial Protection Bureau | Remittance Industry | Scoop.it
Remittance Transfer Rule (subpart B of Regulation E) http://t.co/XtQdP6D5qH via @CFPB
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Bank of India launches instant money transfer scheme

Bank of India launches instant money transfer scheme | Remittance Industry | Scoop.it
Withdrawal limit prescribed at Rs.25,000 a month (#IN Bank of India launches instant money transfer scheme http://t.co/PwlBTaiZIE #TheNews247 #News)...
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Remittance inflows to Kyrgyzstan amounted to $129.7 mln in January 2014 - 24

Remittance inflows to Kyrgyzstan amounted to $129.7 mln in January 2014 - 24 | Remittance Industry | Scoop.it
Remittance inflows to Kyrgyzstan amounted to $129.7 mln in January 2014
24
According to the National Bank, in December of 2013 this rate was $208 million. The lion's share of remittance falls to CIS countries - $126 million.
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Nets to be acquired by Advent International, ATP and Bain Capital

Nets to be acquired by Advent International, ATP and Bain Capital | Remittance Industry | Scoop.it
RT @dryflyjedi: Payments provider Nets being sold. Acknowledges a "rapidly changing payments industry". http://t.co/TMqjZUuKZE #btc #Bitcoi…
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Digital Currencies in Money Remittance?

Digital Currencies in Money Remittance? | Remittance Industry | Scoop.it
by Logan Lemberger Western Union CEO Hikmet Ersek recently penned a short article for CNN Money discussing the progress of digital currencies and their future relationship with money remittance.
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FRB: Report to the Congress on the Use of the Automated Clearinghouse System for Remittance Transfers to Foreign Countries

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Foreign Money Transfers Just Got Safer - Huffington Post

Foreign Money Transfers Just Got Safer - Huffington Post | Remittance Industry | Scoop.it
Foreign Money Transfers Just Got Safer
Huffington Post
The CFPB was given oversight over international money transfers as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
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Businesses fear ripple effects from 'cosmetic' Russian sanctions - Reuters UK

Businesses fear ripple effects from 'cosmetic' Russian sanctions - Reuters UK | Remittance Industry | Scoop.it
National Post
Businesses fear ripple effects from 'cosmetic' Russian sanctions
Reuters UK
What bankers and business people fear is an escalation of measures that would choke off international payments and trade, halt investments and stymie deals.
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Remittance heats up as WorldRemit secures $40 million funding

Remittance heats up as WorldRemit secures $40 million funding | Remittance Industry | Scoop.it
WorldRemit, a London-based online money transfer service, has secured a $40 million series a investment from Accel Partners to help it muscle into the huge global remittance market.

Via Therese Torris
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Despite Crisis, Remittances Robust - World Bank

Remittances to developing countries were a resilient source of external financing during the recent global economic crisis and remain a major source of incom...
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Remittances underpin the Caribbean economy

Remittances underpin the Caribbean economy | Remittance Industry | Scoop.it
Caribbean Council's David Jessop looks at the importance of Diaspora remittances for the Caribbean.

Via homestrings
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