BANSEFI MOBILE BRANCHES FOR REPATRIATES OUTREACH & CHANNEL INNOVATION

Slides:

Advertisements

Similar presentations

Remittances & Banking: Views from Both Sides of the Teller Line Consumer Banking in Latin America: Opportunities and Challenges March 23, 2007 The Directo.

Advertisements

© Family Economics & Financial Education – October 2010 – The Essentials to Take Charge of Your Finances – Depository Institution Essentials – Slide 1.

Checking and Savings Account Chapter 5. Tools of Monetary Asset Management Low-cost, interest-earning checking accounts (Type 1). Interest-earning savings.

Chapter 4 Accounting for Deposits Department Ibrahim Sammour.

Depository Institution Discovery G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances –

Depository Institution Discovery G1 © Take Charge Today – Revised April 2006– Depository Institution Discovery – Slide 2 Funded by a grant from.

Financial Institution Frenzy G1 © Family Economics & Financial Education – April 2006 – Get Ready To Take Charge of Your Finances – Financial Institution.

© Family Economics & Financial Education – Revised November 2004 – Saving Unit – Managing Your Cash Funded by a grant from Take Charge America, Inc. to.

© 2011 South-Western | Cengage Learning Global Financial Activities Financing Global Business Operations Global Financial Institutions.

© Family Economics & Financial Education – Revised April 2008– Saving Unit – Managing Your Cash Funded by a grant from Take Charge America, Inc. to the.

Throughout the world, its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers.

The Last Word: Ch 10 Review due next Tuesday; quiz next Tuesday.

1 Banorte Investor Day Banorte USA November 16, 2007.

Banking Chapter 5. Section 5.1 Objectives Identify types of financial services Identify types of financial services Describe the various types of financial.

New Delhi, 29 th November, 2012 International Workshop Enhancing Delivery of G2P Payments for Rural Areas.

The Unbanked in Mexico and the USA: Five Questions Addressed Finance Forum 2004 Tova Maria Solo, LAC Region – World Bank Prof. John Caskey, Swarthmore.

1.7.3.G1 © Family Economics & Financial Education – Revised October 2004 – Financial Institutions Unit – Financial Institutions Funded by a grant from.

© Family Economics & Financial Education – Revised April 2008– Saving Unit – Managing Your Cash Funded by a grant from Take Charge America, Inc. to the.

© Family Economics & Financial Education – Revised November 2004 – Saving Unit – Managing Your Cash Funded by a grant from Take Charge America, Inc. to.

Promoting innovative remittance markets and empowering migrant workers and their families International Fund for Agricultural Development Rome, 02 October.

Bank Indonesia policy on Financial Inclusion The 1 st International Islamic Financial Inclusion Summit 2012 Dr. Muliaman D Hadad.

Depository Institution Discovery G1 © Take Charge Today – Revised April 2006– Depository Institution Discovery – Slide 2 Funded by a grant from.

MIBE The economics of emerging economies The role of Finance in economic development and the emerging economies development and the emerging economies.

 SAVINGS ACCOUNTS Georgia 4-H Cottonbowl and Consumer Judging.

1 Payments in the Americas Comparing Experiences.

Financial Inclusion Plan November 16, Agenda Financial Inclusion: Perspective Developing Strategic Roadmap Financial Inclusion Plan (FIP)

Section 5.1 Financial Services and Institutions

Trade and Banking NCSCOS 8.08/8.09.

Simple Interest. Simple Interest – * the amount of money you must pay back for borrowing money from a bank or on a credit card or * the amount of money.

International Fund for Agricultural Development European Commission Inter-American Development Bank Consultative Group to Assist the Poor United Nations.

Financial Literacy Buying a Car.... Finance Options: Savings – Put a regular amount into a Bank Account each month. Expect to receive around 2.75% interest.

Financial Institution Frenzy G1 © Family Economics & Financial Education – April 2006 – Get Ready To Take Charge of Your Finances – Financial Institution.

Considerations: Size of institution Location Years in business Rates of interest Availability for emergencies.

Financial Institution Frenzy G1 © Family Economics & Financial Education – April 2006 – Get Ready To Take Charge of Your Finances – Financial Institution.

Microinsurance Trends Craig Churchill Microinsurance Innovation Facility International Labour Organization October 2010 A member of the.

The Financial System in Cambodia John Brinsden, Vice-chairman, ACLEDA Bank Plc British Chamber of Commerce lunch Bangkok, 1 st March, 2007 ACLEDA BANK.

Human Development Program Oportunidades Financial Inclusion X Hemispheric Meeting Poverty and Social Protection Network, November 2008.

Basics of Banking St. Helens Community Credit Union.

Financial Literacy Banks and Credit Unions. Role of a Financial Institution Safe place to put money Investments Loans Help fuel the economy Way to exchange.

Chapter 5. Financial Services Borrowing Short Term Regular Savings Money Market Accounts Long Term Certificates of Deposit U.S. Savings Bonds Investment.

Unit 4: Savings & Checking Accounts. Plan for the Unit... So far ▪ Day 1: Vocabulary & Vocabulary Comp Check and Start Building the.

National Financial Inclusion Strategies (NFIS) National Financial Inclusion Strategies play major roles in shaping policies and regulatory frameworks.

Insurance Products for Migrants 1 INCLUDING MIGRANTS IN INCLUSIVE INSURANCE MIN Network Meeting June 22, 2016 Barbara Magnoni EA Consultants.

2.4.3.G1 Savings Tools Personal Finance G1 © Take Charge Today –August 2013 – Savings Tools– Slide 2 Funded by a grant from Take Charge America,

PRE-SEPARATION COUNSELOR TRAINING: GENERAL MONEY MANAGEMENT & PERSONAL SAVINGS AND INVESTMENT Elements

Take Charge of Your Finances Family Economics & Financial Education

MONEY & CREDIT.

The Structural Transformation Story of Kenya’s Financial System

SOCIAL PROTECTION FOR CHILDREN AND THEIR FAMILIES

It’s just as exciting as you think!

Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1

Personal Savings and Investment

Introduction to Depository Institutions

BY APTECH MALVIYA NAGAR INSTITUTE Contact Us: /74

Personal Finance Vocabulary Review.

Financial Institutions

Depository Institution Discovery

Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1

Introduction to Depository Institutions

Financial Institutions

Banking Chapter 5.

Explain what the term soft loans mean.

Monday, March 27, 2017 Objective: Students will be able to examine the types of accounts available to consumers from financial institutions and the risks,

MONEY & CREDIT.

Choose Your Feud! Team 1: Rounds Won Team 2: Rounds Won Round 1

Introduction to Depository Institutions

Why M-Wallet? Remittances increased from US$6.5 billion in FY08 to US$19.9 billion in FY16; However, growth in remittances has stagnated in the last three.

Financial Institutions

Banking Chapter 5.

Small Business Banking Services

Presentation transcript:

BANSEFI MOBILE BRANCHES FOR REPATRIATES OUTREACH & CHANNEL INNOVATION Organization for Economic Cooperation and Development Paris, France. November, 2017

Challenge Mexican repatriates More than11 million people that were born in México live in the US. Repatriation affects more than 200 thousand Mexicans each year; in the next years 1 million Mexicans and more than 500 thousand young "dreamers“, could be affected. Requirements when they return to México are: a) Work; b) Health insurance; c) Financial services.

Bansefi’s responsibility Considerations Bansefi’s responsibility Spearheads Mexico’s social bank to: Reach vulnerable people Reducing barriers Innovation. Integral financial inclusion through: Bankization Financial education Credit.

Financial Inclusion Program for Migrants Considerations Financial Inclusion Program for Migrants Provide products, assistance and information to migrants at the time of being repatriated. Synergy with the program “Somos Mexicanos” for inter-institutional collaboration that allows to complete the services offered.

BANSEFI mobile branches for repatriates Innovation elements BANSEFI mobile branches for repatriates Geographical presence 2. Technological mechanism 3. Regulatory authorization Operational flexibility Banking Authority permission to open a special bank account using the “Repatriation Certificate” 12 Points of entry for repatriates from the U.S.

Financial products and services Saving | Debit card | No commission | No minimum balance. Insurance | By accidental death 750 USD | Funeral expenses 7,500 Mexican pesos. International remittances Currency exchange and deposit |Till to 4 thousand USD per month. Financial education | Advice about personal finances.

Impact - Results (April – October) 1. Quick integration – 2. Productive return – 3. Improve family welfare Impact - Results (April – October) Saving | 1,773 Saving accounts | $974,294 Mexican pesos International remittances | 3,106 tx | 9.3 million Mexican pesos. Currency exchange | 5,437 tx | 274 thousand USD.