Remittance Marketplace in 2019 – Growing Role of Digital Payments
March 24, 2020
This report analyzes the role of money transfer intermediation for migrants remitting to Latin America and the Caribbean. The report begins by looking at trends related to the modernization of the payments industry, specifically as they relate to digital payments. To further understand customers and mobile wallet demand, we provide a glimpse int consumers’ use of mobile wallet services in Guatemala and Nicaragua.
The second section looks at trends in transfer costs. Additionally, we discuss the proposed changes to the ‘Remittance Rule,’ as well as the consequences they may have on remittance senders.