Global Remittance Market Report: 2014 Edition contributes to economic growth and livelihoods of people across the world
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Remittance is defined as transfer of money by a person who resides in a foreign country to his or her home country. Remittance industry contributes to economic growth and livelihoods of people across the world. In most of the developing countries, money sent by foreign migrants to their home countries constitutes the second largest financial inflow to the respective nations. Furthermore, in the money receiving countries, remittance industry promotes further economic dependence on the global economy instead of building sustainable local economies. Remittance channel is collectively comprised of a sender, a recipient, intermediaries in both countries and the payment interface used by the intermediaries. The remittance system encompasses the following components: Remittance Service Providers (RSP), Remittance Corridors, Remittance Network and, Money Transfer System. Remittance Services are divided primarily on the basis of ways a network of access points is created and linked. There are broadly four categories: unilateral services, franchised services, negotiated services, and open services.
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The key factors driving growth of the global remittance industry include rising employed and urban population, ameliorating global economic development, and unceasingly climbing migrant population. Some of the noteworthy developments of this industry include unstable remittance cost, the impact of remittance on health, education and poverty, wide portfolio of remittance services and correlation between remittance and foreign exchange rates. Also, the number of electronic payment service providers that offer over-the-counter-payments, mobile money payment and payment cards have increased rapidly. However, the growth of remittance industry is hindered by the difficulty in establishment of access points, tax regulations and strict regulatory compliances along with the lack of transparency and understanding.
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Table of Content
1. Overview
1.1 Types of Remittance Services
1.2 Remittance Marketplace
1.2.1 Components of Remittance Marketplace
1.3 Remittance Market Value Chain
2. Global Remittance Market
2.1. Remittance Market by Income Characteristics
2.1.1 Low Income Countries
2.1.2 Middle Income Countries
2.1.3 High Income Countries
2.2 Remittances Market by Region
2.2.1 Developing Countries
2.2.2 East Asia and Pacific Region
2.2.3 Europe and Central Asia Region
2.2.4 Latin America and Caribbean Region
2.2.5 Middle East and North Africa Region
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Remittance is defined as transfer of money by a person who resides in a foreign country to his or her home country. Remittance industry contributes to economic growth and livelihoods of people across the world. In most of the developing countries, money sent by foreign migrants to their home countries constitutes the second largest financial inflow to the respective nations. Furthermore, in the money receiving countries, remittance industry promotes further economic dependence on the global economy instead of building sustainable local economies. Remittance channel is collectively comprised of a sender, a recipient, intermediaries in both countries and the payment interface used by the intermediaries. The remittance system encompasses the following components: Remittance Service Providers (RSP), Remittance Corridors, Remittance Network and, Money Transfer System. Remittance Services are divided primarily on the basis of ways a network of access points is created and linked. There are broadly four categories: unilateral services, franchised services, negotiated services, and open services.
Download free Sample PDF report with TOC: http://www.researchmoz.us/enquiry.php?type=S&repid=236020
The key factors driving growth of the global remittance industry include rising employed and urban population, ameliorating global economic development, and unceasingly climbing migrant population. Some of the noteworthy developments of this industry include unstable remittance cost, the impact of remittance on health, education and poverty, wide portfolio of remittance services and correlation between remittance and foreign exchange rates. Also, the number of electronic payment service providers that offer over-the-counter-payments, mobile money payment and payment cards have increased rapidly. However, the growth of remittance industry is hindered by the difficulty in establishment of access points, tax regulations and strict regulatory compliances along with the lack of transparency and understanding.
Read All Banking Market Research Reports @ http://www.researchmoz.us/banking-market-reports-159.html
Table of Content
1. Overview
1.1 Types of Remittance Services
1.2 Remittance Marketplace
1.2.1 Components of Remittance Marketplace
1.3 Remittance Market Value Chain
2. Global Remittance Market
2.1. Remittance Market by Income Characteristics
2.1.1 Low Income Countries
2.1.2 Middle Income Countries
2.1.3 High Income Countries
2.2 Remittances Market by Region
2.2.1 Developing Countries
2.2.2 East Asia and Pacific Region
2.2.3 Europe and Central Asia Region
2.2.4 Latin America and Caribbean Region
2.2.5 Middle East and North Africa Region
About ResearchMoz
ResearchMoz is the world's fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz's service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.
Contact Us:
Mr. Nachiket
Albany NY, United States - 12207
Tel: +1-518-621-2074 / Tel: 866-997-4948 (Us-Canada Toll Free)
Email: sales@researchmoz.us
Follow us on LinkedIn at: http://bit.ly/1TBmnVG
Follow me on Blogger at: http://deep-research-report.blogspot.com/
Global Remittance Market Report: 2014 Edition contributes to economic growth and livelihoods of people across the world
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