Remittance business enters new frontier

Financial institutions may be drawn to the low-risk, fee-generating nature of remittances, but must change the way they approach the business in order to capture market share.

Never regarded as the most glamorous banking activity, the appeal of the remittance business has grown in the post-Lehman environment, thanks in part to the sector’s resilient capital flows and steady revenues. The resulting heady mix of local banks, postal services, telcos and money transfer operators MTOs are jostling for business in Asia-Pacific, sometimes competing, sometimes cooperating. New technology, strategies and alliances are unfolding as companies look for new ways to tap into the large migrant capital...

To continue reading, please login or register for free

Click for more on: payments | remittances

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...