Home
 
  • Home
  • Topics
    • Customers
      Market Monitoring

      Coronavirus

      Displacement

      Gender

      Smallholder Families

      Customer-Centric Guide
    • Business and Markets
      Micro and Small Enterprises

      Platform Work

      Asset Finance

      Agent Networks

      Fintech

      Coronavirus

      Digital Finance & Basic Services

      Open APIs

      Interoperability

      Merchant Payments
    • Policy
      Consumer Protection

      Market Monitoring

      Coronavirus

      Data Privacy

      Regulatory Sandboxes

      Supervision for Digital Finance

      Regulation for Digital Finance

      Digital Credit

      Behavioral Research
    • Donors and Investors
      Coronavirus

      Systemic Approach

      Funder Survey

      Impact of Financial Services
  • Research
  • Blog
  • Podcast
  • About
    • About CGAP Learn about CGAP's mission and vision
    • Our Governance Meet the leaders who provide strategic guidance
    • Our Members View the organizations that support CGAP
    • News Stay up to date on the latest developments at CGAP
    • Events Join us for webinars, seminars and more
    • Our Staff Meet our operating team
    • Financial Inclusion Find out more about why financial inclusion matters
    • Key Documents Review annual reports, strategy and charter
    • Contact Us Contact us with questions and media inquiries
Blog Series

International Remittances through Branchless Banking, 2013 Update

Despite a number of challenges identified by operators and experts, the industry seems to be attracting more international remittance volumes, resulting in eventual financial inclusion benefits for the poor in developing countries. The total number of live branchless banking deployments increased from 20 in 2012 to 41 in 2013. Partnerships with established Mobile Network Operators (MNOs) or Money Transfer Operators (MTOs) are driving the rapid increase in mobile-based deployments because such arrangements facilitate interoperability, offer support in regulatory compliance and provide access to a broad sender network.

The 2013 study of international remittances through branchless banking, the third in a series, found that recent trends in international remittances centered on the introduction of new and creative models – such as conducting online transfers through social media channels. These new models have potential to increase the access, affordability and transparency of remittances, but it is not yet clear whether they could and should serve as a bridge to greater financial inclusion or expanded access to other financial products for the unbanked. At the same time, transaction volumes and revenues for most existing mobile wallet models remain low.

This blog series examines some of the key findings of the 2013 research study.

Blog
22 January 2014

Does Facebook Represent the Future of International Remittances?

Though it may be a long way off, the "what if" of social networks playing a role in international remittances is exciting. Networks like Facebook and China's RenRen increasingly reach financially-excluded portions of the population and may have the potential to generate significant transaction volumes in places where m-wallets have struggled.
Blog
24 October 2013

How the Poor Can Benefit from Choice in the Remittance Market

Mounting competition and increasing innovation among money transfer companies are resulting in increased benefits to customers - especially senders of remittances.
deployments
Blog
18 July 2013

International Remittances and Branchless Banking: Emerging Models

The landscape of international remittances through branchless banking continues to evolve, with a variety of new players and models entering the market and driving change.

CGAP Logo

1818 H Street, NW
MSN F3K-306
Washington, DC 20433

  • About
  • Topics
  • Research
  • Blog
  • News
  • Events
  • Careers
  • Contact
  • Financial Inclusion FAQ
  • CGAP Photos
Stay InformedSign up for our newsletter

© 2023 CGAP (Consultative Group to Assist the Poor).

  • Legal
  • Privacy Notice