Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Harnessing Digitization for Remittances in Asia and the Pacific

Harnessing Digitization for Remittances in Asia and the Pacific

Asian Development Bank

Paperback

EconomicsInvesting & Finance

ISBN10: 929262962X
ISBN13: 9789292629625
Publisher: Asian Development Bank
Published: Jan 30 2022
Pages: 38
Weight: 0.33
Height: 0.11 Width: 8.50 Depth: 11.00
Language: English
This report looks at the benefits of digitization for remittances in Asia and the Pacific.

Remittances are considered a lifeline of developing countries and are especially vital for migrants and their families. Digital data technology can help alleviate many of the pain-points in the remittances industry. For example, it can significantly enhance the convenience, speed, security, and affordability of sending and receiving remittances. The report discusses the importance of remittances in Asia and the Pacific, the key challenges faced by the industry, and the impacts of the coronavirus disease (COVID-19) pandemic. It also includes country case studies that demonstrate the benefits of digitization and makes recommendations on how the digitization of remittances across the region can be further advanced.

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