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RemitSCOPE – Remittance markets and opportunities Asia and the Pacific
Topic : Remittance and Payment
RemitSCOPE, a new website portal, is designed to provide data, analyses and remittance- market1 profiles on individual countries or areas. In coordination with the Global Forum on Remittances, Investment and Development 2018, RemitSCOPE is being launched to provide market profiles for 50 countries or areas in the Asia and the Pacific region. The additional four regions will be included gradually: Africa, Latin America and the Caribbean, Europe, and Near East and the Caucasus.
RemitSCOPE intends to address the fast-changing market realities in the remittance industry in order to help bring together the goals of remittance families, as clients, and the strategies of the private-sector service providers.
RemitSCOPE is designed as a free, one-stop shop that is available to any organization or entity interested in accessing all relevant public information on remittances.
This information can help users spot gaps in the marketplace, attain a better understanding of the challenges and opportunities that each country offers, help develop business cases, profile best practices and provide contrasting examples of regulatory environments.
RemitSCOPE aims to provide information to a range of remittance industry stakeholders, as follows:
- For existing remittance service providers: Fintech entrepreneurs, potential new market entrants and other private-sector organizations, RemitSCOPE aspires to become a ready tool and reference point for decision-making purposes.
- For regulators: RemitSCOPE seeks to highlight comparative best practices along with a better understanding of opportunities and challenges for each country in order to support financial inclusion.By providing information to private and public decision makers, RemitSCOPE ultimately targets the remittance senders and receivers (who perform almost 1 billion separate transactions in Asia and the Pacific annually) for RemitSCOPE can contribute to make remittance flows cheaper, faster, safer and more convenient, particularly for untapped and non-competitive low-volume corridors reaching into rural areas.
- Resource type Paper
- OrganisationIFAD
- Year of Publication2018
- RegionAsia
- LanguageEnglish
- Number of pages16 pp.
- Keywords Remittances