[Remittances Research Bundle] - Do you fully understand remittances?

Access Now In light of the results of the US presidential election this week we anticipate major shifts in policies, specifically, foreign policies. Over the past few centuries, the world has become increasingly globalized. Immigrants are pouring into developed countries like the US, where many jobs pay at higher rates than in home markets. As migrants shuffle around the globe, they have family members and friends back home who they continue to support through cross-border money transfers, called remittances. Every year, migrants send hundreds of billions of dollars worth of remittances back to friends and family in their home country. And there's a massive industry that facilitates these payments — and has for more than a century. Trump at one point threatened to cut off money transfers between US and Mexico in attempt to get Mexico to pay for the infamous wall. That monetary flow would likely include remittances. In anticipation of Donald Trump taking office next year, it's important that we thoroughly understand the remittances space. BI Intelligence created a bundle of reports to get you up to speed on were we are in remittances so you can be well prepared for any changes that the industry may face in the near future. The Everything You Need to Know About Remittances Bundle — This exclusive research bundle includes 2 of our most popular remittance-related reports: The Remittances Explainer which explains how funds are transferred across borders, the top markets for sending and receiving, and the new digital model AND The Digital Remittance Report which explains the new platforms disrupting a $600-billion industry. Here are additional details on what's included in each piece of the exclusive research… The Remittances Explainer Access Now In this report, we explain how remittances work, the countries on both the send and receive side that dominate remittance volume, and how remittances differ depending on payment mechanisms. We also look at the top challenges faced by remittance companies and what factors digital-first remittance startups are capitalizing on to disrupt the traditional remittance model. Here are a few of the key takeaways from the report: Remittances — primarily payments sent by foreign workers to their relatives back home — is a massive global industry that digital players are just beginning to disrupt. $583 billion was remitted globally in 2014, according to estimates from the World Bank. The remittances industry is a highly imbalanced one, with certain countries dominating send volumes and others dominating receive volumes. The US sent 22% of global remittance volume last year, and India received 12% of global remittance volume. Different types of companies offer remittances, but it is money-transfer operators (MTOs) that primarily focus on these cross-border transfers. Banks actually dominate the remittance market, while MTOs have about half as much market share as financial institutions. Digital players are finding an opportunity to update the remittance model and gain a foothold in this industry by lowering overhead costs and passing savings on through lower fees. Digital-first MTOs use mobile and online channels to send money, bypassing costly agent-send networks. They also use more efficient and cost-effective computer modeling to meet compliance standards. In full, this extensive report: Sizes the remittance market and assesses total revenues earned through facilitating cross-border transfers. Examines which markets and regions are the top for sending and receiving of remittances. Lays out the different types of companies offering remittances and why certain players dominate the industry. Unpacks the challenges to facilitating remittance, including sociopolitical instability and major compliance burdens. Considers ways digital-first startups have begun to disrupt remittance companies and bring down fees. The Digital Remittance Report Access Now In this report, we size the total remittance market, company-specific market share, digital's market share, and digital's growth at major remittance firms. We also assess how disruptive digital startups have been by comparing their fees with market leaders, and by juxtaposing their business models with those of legacy companies. Here are a few of the key takeaways from the report: Digital's share of the global remittance industry is still fairly small at 6% — but growth is extremely fast at digital-first startups and legacy companies. Fourteen year-old Xoom makes more revenue from electronic channels than 75 year-old MoneyGram, the second-largest remittance company in the world. Startups are undercutting incumbents' fees in certain corridors; however, legacy firms have matched prices in many major corridors. Legacy firms' businesses are already responding to the threats posed by digital by lowering fees and adjusting business strategies. However, they face lower margins if they continue to compete with startups on pricing. In full, this extensive report: Sizes the remittance market and calculates major remittance companies' market share. Estimates digital's share of the market vs. cash. Quantifies digital's impact at remittance startups and legacy firms. Breaks down the business models employed by each type of remittance company, and determines which ones are in a better position for growth. Compares transfer fees in various corridors to assess the competitiveness of each firm. Explores other platforms that could completely upend the industry from the outside. Determines how legacy remittance companies will fare in the digital age – the answer may surprise you. To get your copy of these invaluable guides, choose one of these options: Purchase the Ultimate Fintech and Payments Report Bundle and gain immediate access to the remittances reports and 37 others on some of the most important topics impacting the payments and financial technology space. You will save 90% of the collective value of all of the reports included in this bundle. BUY THE ULTIMATE FINTECH AND PAYMENTS BUNDLE AND SAVE 90% » Purchase the Remittances Report Bundle, and download it immediately from our research store. BUY THE REMITTANCES REPORT BUNDLE » The choice is yours. But however you decide to acquire these reports, you've given yourself a powerful advantage in your understanding of the world of remittances, which may soon undergo a major transformation.

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