1. The Immigrant - The role the Diaspora & Remittance goldmine
31rd of October 2017

2. Two poll questions to kick off the discussion:
Remittances to developing countries are expected to grow at about 3,3% in 2017 to:
244 billion
344 billion
444 billion
544 billion
What percentage of GDP does The World Bank attribute to remittance inflows of the top 25 developing countries 3% 5% 7%
10%

3. The Remittance Goldmine – USD 444 billion to developing countries
Remittance Receivers in 2016 (source worldbank).
Top 5.
India
China
Philippines
Mexico
Pakistan

4. Remittance Flows to Developing Countries larger than Official Development Assistance
Remittances – the money that is sent home by migrants help to sustain 800 million people and are a major contributor to development.
Some 40 per cent of remittances go to rural areas, where poverty and hunger are concentrated.

5. Average cost decline but still well above the Sustainable Development Goal (SDG) target of 3 percent, with not corridor >5%
The global average decreased from 7,32 % in 2017-Q2 to 7,21% in Q3 (RPW monitor September 2017).
Cost for sending USD 200 differ per country:
Russia has the lowest cost (2% sending USD 200) and South Africa the highest 16,57%

6. Cost per Remittance Service Providers type differ
Source RPW report Worldbank Sept ‘17
Banks continue to be the costliest RSP type, with an average cost of 11%. Money Transfer Operators are recorded at 6,56%, and Mobile Operators are the cheapest at 3,10%
Payment instrument used to fund transaction: most expensive bank account 7,32 total average cost, cheapest mobile money at 3,88%

7. Machine learning, big data, blockchain technology and the cloud allow start-ups to operate with fundamentally lower costs than industry stalwarts.
Incumbent Players, banks, postoffices, Mobile Transfer Operators
Emergent players
Bitcoin based Money Transfer / Remittances