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Using remittances to build financial relationships with credit unions
Apart from fee income, remittance services offer formal financial institutions the potential of building relationships with unbanked people which often leads to them opening deposit accounts. This articledescribes how and why the World Council of Credit Union's (WOCCU) member credit unions in Central America began offering remittances in the 1990s. It analyses their current and potential impact on the market
at both the originating and distributing side and draws lessons from its experience.
Apart from fee income, remittance services offer formal financial institutions the potential of building relationships with unbanked people which often leads to them opening deposit accounts. This article
describes how and why the World Council of Credit Union's (WOCCU) member credit unions in Central America began offering remittances in the 1990s. It analyses their current and potential impact on the market
at both the originating and distributing side and draws lessons from its experience.
describes how and why the World Council of Credit Union's (WOCCU) member credit unions in Central America began offering remittances in the 1990s. It analyses their current and potential impact on the market
at both the originating and distributing side and draws lessons from its experience.
The financialization of remittances and the individualization of development: A new power geometry of global development
Warnecke-Berger, Hannes
Environment and Planning A: Economy and Space, Vol. 54 (2022), Iss. 4 P.702
https://doi.org/10.1177/0308518X211038013 [Citations: 1]Beyond control? The mechanics and dynamics of ?informal? remittances between Europe and Africa
PIEKE, FRANK N.
VAN HEAR, NICHOLAS
LINDLEY, ANNA
Global Networks, Vol. 7 (2007), Iss. 3 P.348
https://doi.org/10.1111/j.1471-0374.2007.00173.x [Citations: 21]Tabs navigation
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