The transfer of migrant’s remittances represents a huge business opportunity for banks and other financial institutions which is still largely overlooked. The financial services industry, which plays such an important role in the Payments Industry, is missing an important opportunity if they ignore a very large component – Remittances.
The flow of funds from migrant workers back to their families in their home country is an important source of income in many developing economies. The total value of these remittances has been increasing steadily over the past decade. Recent estimates show that the total value worldwide was over US$ 316 billion, involving some 190 million migrants.
This course is the definitive A to Z on Remittances – from informal systems to the revolutionary appearance of the Mobile Phone as a remittance tool.
This intensive 2-day course provides an insight of the payment system aspects of remittances, and is designed to assist financial institutions that want to improve their understanding of this important market as well as extend and develop the many business opportunities that present themselves. Processing these money transfers is a business opportunity with vast potential especially with the recent rise of the Mobile Phone is now set revolutionize the Remittance world.
For a fully descriptive brochure please send a blank e-mail to courses@citadeladvantage.com with REMIT-JHB in the Subject line.
Who Should Attend
The course has been specifically designed for Senior Bankers involved with;
- Payment Systems and Money Transfers
- Payment Strategy
- Micro Finance
- International & Correspondent Banking
- Retail Banking Services
- Banking Product Development
- Payment Systems
- Payment Strategy & Policy
- International & Correspondent Banking
- Payment System Regulation & Oversight
- Corporations who employ migrant workers
- Money Transfer Operators
- Government agencies involved in migrant workers
- Development Agencies