Global Forum on Remittances IFAD, Tunis, 22 October 2009 Stefano Bertozzi
Disclaimer <ul><li>The ideas and opinions contained in this presentation are entirely those of the author and do not neces...
Remitt. per country, 2007
 
 
 
Three main areas   <ul><ul><li>(1) Market competition -> very limited  </li></ul></ul><ul><ul><li>(2) Regulatory environme...
Main goal <ul><li>To better understand how these three areas can be modified in a bid to reduce remittances costs, thereby...
ING Study, Sept. 2009 <ul><li>Cash-to-cash  remittances represent 80-90% of the market </li></ul><ul><li>Account-to-accoun...
New developments   <ul><ul><ul><li>(1)  Linking mobile payment with money transfer organisations (e.g. Western Union, Mone...
Final Remark <ul><li>I share all the conclusions contained in the report but one:  I prefer to see less punitive exchange ...
Thank you very much
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Global forum on remittances

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Global forum on remittances

  1. 1. Global Forum on Remittances IFAD, Tunis, 22 October 2009 Stefano Bertozzi
  2. 2. Disclaimer <ul><li>The ideas and opinions contained in this presentation are entirely those of the author and do not necessarily reflect the views of the European Commission </li></ul>
  3. 3. Remitt. per country, 2007
  4. 7. Three main areas <ul><ul><li>(1) Market competition -> very limited </li></ul></ul><ul><ul><li>(2) Regulatory environment -> limited competition between operators </li></ul></ul><ul><ul><li>(3) Financial access -> high barriers </li></ul></ul>
  5. 8. Main goal <ul><li>To better understand how these three areas can be modified in a bid to reduce remittances costs, thereby increasing the remittance impact on development </li></ul>
  6. 9. ING Study, Sept. 2009 <ul><li>Cash-to-cash remittances represent 80-90% of the market </li></ul><ul><li>Account-to-account transfers cover 5-7% of the market. </li></ul><ul><li>Transfers from account-to-cash/card/mobile account for the remaining 3% ( e.g. money is transferred from an account to a prepaid card in India and Mexico ) </li></ul>
  7. 10. New developments <ul><ul><ul><li>(1) Linking mobile payment with money transfer organisations (e.g. Western Union, Moneygram and Vigo) and credit card system </li></ul></ul></ul><ul><ul><ul><li>(2) Mobile payment – person-to-person directly (M-Remittances) </li></ul></ul></ul><ul><ul><ul><li>(3) Cardless withdrawal of money from ATMs </li></ul></ul></ul><ul><ul><ul><li>(4) Prepaid cards (work well between US- Mexico and US-India) </li></ul></ul></ul>
  8. 11. Final Remark <ul><li>I share all the conclusions contained in the report but one: I prefer to see less punitive exchange rates than payments in foreign currency , which is vital for African countries -> to serve external debt and pay for imports </li></ul>
  9. 12. Thank you very much

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