IMTC PARTNERS

INDUSTRY ASSOCIATIONS AROUND THE GLOBE

Here is a directory of the Non-Bank Financial Institutions (NBFIs) associations from a number of countries in the world. Most of them are associations of Remittance Service Providers (RSPs), Money Services Businesses (MSBs), Payment Institutions (PIs), Virtual Currency Firms but also Mobile Money Operators (MMOs), Payment Service Providers (PSPs), Forex Exchange Service Providers and Fintechs.

INDUSTRY ASSOCIATIONS & DE-RISKING

Most of the members of these associations are regulated entities in one or more jurisdictions. If your association is not included in this directory, please let us know and we will include it.

Abracam
ACCP
ADOCAMBIO
Alianza FinTech Iberoamericana
ANAED
ARCPA
Asociación de Empresas Fintech de Chile
Asociación de empresas Fintech de Colombia
Asociación Dominicana de Empresas de Fintech
Asociación Española de Fintech e Insurtech
Asociación Fintech de México
Asociación Fintech Perú
Association of UK Payment Institutions AUKPI
Business Correspondent Federation of India BCFI
BVZI
CADECAC
CADRA
Cámara Uruguaya de Fintech
CESFUR
CMSBA
Czech Fintech Association
EMA – Electronic Money Association
EPIF
European Security Transport Association
FEDECACES
FEDECREDITO
FERG
FinTech Association of Hong Kong
FinTech Association of Nigeria
FinTech Belgium
FinTech Centroamérica y Caribe
France FINTECH
GSMA
IAMTN
JMRA
JPSA
KFRA
MAMSB
MAMTA – All India Association of Authorized Money Changers & Money transfer Agents
MSBA
NMTA
NPAED
NRA – Nepal Remitters Association
ONG Bitcoin Argentina
PONIP
Singapore FinTech Association
Taiwan FinTech Association
Thai Fintech Association
WAAMT

Financial Services Associations

The Non-Bank Financial Services Industry is a very diverse sector. Although Non-Bank Financial Institutions (NBFIs) predated Banks by hundreds of years it was only in the last two decades that this industry has consolidated and grown. NBFIs are very diverse worldwide. The International Money Transfer, Remittances & Cross-Border Payments Industry, closely linked to Forex companies, have grown providing services to the large movement of migrants and their need to send money home. Some Banks have partnered with the industry especially in receiving markets. Globalization and the increase in the need for faster and cheaper international movement of funds & payments between people and businesses (P2P, P2B, B2P and B2B) with the help of the technology developments and the innovation and creativity of the fintech sector have made this industry large and prosperous. Innovation in this sector is amazing, mobile money, cash distribution networks, blockchain protocols & cryptocurrency exchanges, are contributing to make this industry evolve at a rapid pace.

The size of the industry is hard to establish. Money Transfer Expert & IMTC Director, Hugo Cuevas-Mohr estimates the industry moves more than 1 Billion dollars a year, about 60% being Remittances – see more. See his latest article: Four industry trends that are reshaping the industry published in May 2019. See also the US MSB Industry report, the first of its kind, released September 2018 by the US Conference of State Bank Supervisors.

The heterogeneity of the industry has made it difficult for trade associations to flourish, assemble a large member base and become true representatives of the industry. Associations listed here are mostly made by NBFIs and that is why we list them here in an effort to support their work. If we don’t have you here contact us!. If you don’t want to be listed, let us know.

ABRACAM Associação Brasileira das Corretoras de Câmbio http://www.abracam.com/
ACCP Asociación de Casas de Cambio del Paraguay http://www.accpy.org/
ADOCAMBIO Asociación Dominicana de Intermediarios Cambiarios http://www.adocambio.com/
AdoFinTech Asociación Dominicana de Empresas de Fintech https://www.adofintech.org
AEFI Asociación Española de Fintech e Insurtech https://asociacionfintech.es
AFEPAME Association Française des Etablissements de Paiement et de Monnaie Electronique http://www.afepame.fr/
Alianza FinTech Alianza FinTech Iberoamericana https://fintechiberoamerica.com/
ANAED Asociación Española de Entidades de Pago http://anaed.com/
ANCEC-TD Asociación Nacional de Centros Cambiarios y Transmisores de Dinero http://www.ancec-td.com.mx/
ARCPA Australian Remittance and Currency Providers Association http://www.arcpa.org.au/
AUKPI Association of UK Payment Institutions http://www.ukmta.org/
BCFI Business Correspondent Federation of India http://bcfi.org.in/
BVZI The Bundesverband der Zahlungsinstitute http://www.bvzi.de
CADECAC Cámara Argentina de Casas y Agencias de Cambio
CADRA Cámara Argentina de Remesadoras http://www.cadrarg.com/
CESFUR Cámara de Empresas de Servicios Financieros del Uruguay http://www.cesfur.com.uy/
Česká fintech asociace Czech Fintech Association https://czechfintech.cz/
CMSBA The Canadian MSB Association https://canadianmsb.org/
Colombia Fintech Asociación de empresas Fintech de Colombia https://www.colombiafintech.co/
CRA Congo Remittance Association
CUF Cámara Uruguaya de Fintech https://www.linkedin.com/company/camara-uruguaya-de-fintech
EMA Electronic Money Association http://www.e-ma.org/
EPIF European Payment Institutions Federation http://www.paymentinstitutions.eu/
ESTA European Security Transport Association https://www.esta-cash.eu
FEDECACES Red de Cooperativas Fedecaces http://www.fedecaces.com
FEDECREDITO Federación de Cajas de Crédito y Bancos de los Trabajadores https://www.fedecredito.com.sv/
FERG Foreign Exchange and Remittance Group http://www.ferguae.org/
FinTech Belgium FinTech Belgium asbl/vzw https://fintechbelgium.be/
FINTECH México Asociación Fentech de México https://www.fintechmexico.org/
FinTech Peru Asociación Fintech Perú https://fintechperu.com/
fintechile Asociación de Empresas Fintech de Chile https://www.fintechile.org
FintechNGR FinTech Association of Nigeria https://fintechng.org/
France FINTECH https://francefintech.org
FTAHK FinTech Association of Hong Kong https://ftahk.org/
GSMA Global System for Mobile – Groupe Special Mobile Association https://www.gsma.com
IAMTN International Association of Money Transfer Networks http://www.iamtn.org/
JMRA Jamaica Money Remitters Association http://jamaicamoneyremitters.com/
KFRA Kenya Forex Remittances Association http://www.kfra.or.ke/
MAMSB Malaysian Association of Money Services Business http://www.mamsb.org.my/
MCAMTA All India Association of Authorized Money Changers & Money transfer Agents http://www.mcamta.com/
MSBA Money Services Business Association http://msbassociation.org
NPA Nepal Remitters Association http://nra.org.np/
NPAED Russian Electronic Money Association http://www.npaed.ru/
ONG Bitcoin Argentina Asociación Civil para el Desarrollo de Ecosistemas Descentralizados – DECODES https://www.bitcoinargentina.org
PAFEDMCRAI Philippine Association of Foreign Exchange Dealers, Money Changers and Remittance Agents
PONIP Polska Organizacja Niebankowych Instytucji Płatniczych http://ponip.org.pl
SFA Singapore FinTech Association https://singaporefintech.org/
TFTA Taiwan FinTech Association https://www.fintech.org.tw/
Thai Fintech Thai Fintech Association https://thaifintech.org/
TMSRT The Money Services Round Table
WAAMT West African Association of Money Transmitters