International Flows of Remittances: Cost, Competition and Financial Access in Latin America and the Caribbean¿toward an Industry Scorecard

This report analyzes current trends in money transfers, paying attention to the gradual decline in costs and some of the factors influencing the decline. The report also highlights the fact that both banking and nonbanking financial institutions, such as microfinance institutions, are increasingly becoming major payers of money in Latin America and the Caribbean.

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Bibliographic Details
Main Author: Inter-American Development Bank
Other Authors: Manuel Orozco
Format: Discussion Papers & Presentations biblioteca
Language:English
Published: Inter-American Development Bank
Subjects:Remittance, Migration and Migrant, International Flows of Remittances: Cost;Competition and Financial Access in Latin America and the Caribbean, > Toward an Industry Scorecard.,
Online Access:http://dx.doi.org/10.18235/0006574
https://publications.iadb.org/en/international-flows-remittances-cost-competition-and-financial-access-latin-america-and
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Summary:This report analyzes current trends in money transfers, paying attention to the gradual decline in costs and some of the factors influencing the decline. The report also highlights the fact that both banking and nonbanking financial institutions, such as microfinance institutions, are increasingly becoming major payers of money in Latin America and the Caribbean.