Bank Discontinuance of MTOs in Australia has been in the news for a couple of weeks and all the small and medium sized companies in the country are being forced to shutdown because all the major banks have been closing their accounts and letters of discontinuance have been sent to the 5,000+ MTOs in the…
Incumbents such as Western Union and MoneyGram do it. Traditional players do it. So, still, do some banks. And Telcos do too in some markets. The “it” is enable people to move money to each other in and between countries. Hugo Cuevas-Mohr shares insights gleaned from his work with money transfer professionals from all over the world about the remittance market, the role of traditional players, banks and telcos and who has the edge as this $500 billion industry evolves.
The following are the questions and answers provided by Hugo Cuevas-Mohr when interviewed by PYMNTS.com over his document “Are Telcos, Money Transfer Companies (MTOs) and Banks on a collision course over remittances?” (The document can be downloaded from there).
Click the questions below to open the answers. Please give us your comments and join the conversation here.
On February 27, 2014 at the Interamerican Dialogue in Washington D.C. remittance expert Manuel Orozco presented his yearly analysis of the volume of remittances entitled “Current Perspectives on Remittances to Latin America and the Caribbean in 2013” and a PDF version of his briefing can be viewed/downloaded at the end of this short note. The paper considers the possible impact of immigration reform in the US on remittances and on the lives of migrants.
In 2013, family remittances to the region experienced little growth for most of the major remittance recipient countries. This may be a byproduct of immigration controls and deportations, demography, regulatory constraints and a slow recovery from the recession. Remittances have not grown substantially from 2012 and the total volume to the region was 60 billion, slightly decreasing by 1%. Manuel divides the results for the year in three groups:
O Latin America Advisor, uma excelente publicação pelo Interamerican Dialogue, em Washington DC fez esta pergunta para sua edição de 06-19 fevereiro de 2014 como uma prévia do lançamento do documento de Manuel Orozco sobre remessas para a região que será apresentado 27 de fevereiro , de 2014, o Interamerican Dialogue. Remessas para a América…
Do you know? Do you know that Linkedin has 259 million users and growing by about 38% per year? Do you know that 40% of members check in daily and 38% do it from their phones? Do you know that it had a 35% growth in traffic in the past year? And that it is…
The third Adyen Mobile Payments Index covering the period September to December 2013 was announced Friday, January 30th. The Index shows mobile payments accounted for 19.5% of all transactions worldwide in December, a growth of 55% year-over-year, up from 12.6% December 2012. The data shows tablets to be the preferred device for higher value transactions…
Hugo Cuevas-Mohr has put together the 10 most important news for the Money Transfer Industry in 2013 as a way to reflect back on the year and gather his thoughts for the coming year. They are not necessarily in order of importance. The PDF is full of Hyperlinks to see more info about the subjects,…
In October 10 2013 the Payment News Site PYMNTS published this article written by Pete Rizzo in which he gives a good snapshot of the Money Transfer Industry. Mr. Rizzo interviewed IMTC Conference Director Hugo Cuevas-Mohr for the article. Check one of the questions and answers and listen to the audio and view/download the pdf…
As a preview to IMTC Miami 2013 in Miami Beach to be held at the Eden Roc Miami Beach Hotel in the first week of November, IMTC published this infographic that shows the major year-to-year increases (2012-2013) of the remittance volume to selected countries, chosen both for their total volume and the total increase. The…
En su número 1330, Año 27, la revista TENDENCIAS de México publicó un especial titulado “El gran negocio de las remesas” producto de un análisis del mercado y una extensa entrevista a Hugo Cuevas-Mohr, Director de la IMTC, en ocasión de la conferencia IMTC Mexico 2013 que se realizara el mismo mes en Ciudad de…
We are enclosing trends and predictions for the Payment Industry from Professor Arun Sharma who will be a keynote speaker at the IMTC USA 2013 Conference and Trade Fair in Los Angeles from April 3rd to the 5th, 2013. This brief summary will be complemented in his presentation in the conference on Friday, April 5th,…
