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Faisal Khan's Blog: The hidden force in global economics: sending money home
In 2013, international migrants sent $413 billion home to families and friends ? three times more than the total of global foreign aid (about $135 billion). This money, known as remittances, makes a significant difference in the lives of those receiving it and plays a major role in the economies of many countries. Economist Dilip Ratha describes the promise of these ?dollars wrapped with love' and analyzes how they are stifled by practical and regulatory obstacles. Source:...
Faisal Khan's Blog: Faisal Khan's answer to What is PayPal's gameplan' ? Quora
Source: www.quora.com Related posts: Faisal Khan's answer to How can remittances in Pakistan be increased substantially' ? Quora Faisal Khan's answer to What is David Marcus' game plan for Facebook and Messenger as far as Payments are concerned' ? Quora Faisal Khan's answer to How does a remittance money transfer work' What are all the steps and who is involved' ? Quora
Faisal Khan's Blog: The Great Money Transfer Gold Rush
If you had asked professionals in the Fintech space about 7-8 years ago, what the word remittances meant, you'd be hard pressed to find people who could accurately define it for you. Just for the record: I was one of them. Today, in the so called Post-Bitcoin-Paper published era it is almost impossible not to run into a startup that is not trying to enter into the money-transfer (or remittances) game. The immediate lure is market size: US$500+ Billion is huge. Everyone is...
Faisal Khan's Blog: How Small Value Remittances can increase transactions in an economy.
Introduction This article discusses the ability to make small-value remittances, across border in a seamless manner, without incurring any high-costs that are typically associated with cross-border money transfers. These micro or small-value transactions can literally uplift economies. There are (in my opinion) Billions of Dollars worth of transactions, waiting to happen, if the framework for it is provider for. The Problem If you have to transfer money from country A to country B,...
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