Crisis and remittances to Egypt… The ongoing violence in Egypt has slowed remittance flows to the country. Many have turned to unofficial channels due to the closure of banks and money transfer agencies.
Remittance flows… Remittances to Guatemala and Mexico increased in January while flows to Bangladesh fell marginally.
Market trends… Moneygram and Visa introduced the first cash-to-account remittance service while Airtel launched a mobile wallet service in India.
Detailed news:
- Egypt bank closures cut off vital Gulf remittances (Feb. 1, 2011)
- Egypt: Parallel remittance channels thrive (Feb. 4, 2011)
- Zimbabwe: Diaspora remittances up 33 percent (Jan. 30, 2011)
- Remittances to Mexico up marginally in 2010 (Feb. 20, 2011)
- Guatemalan remittances rose 15.1% in January 2011 (Feb. 4, 2011)
- Bangladesh: Remittance flow slightly down in January (Feb. 4, 2011)
- Number of illegal immigrants in US steady at 11.2M (Feb. 1, 2011)
- Airtel Launches Airtel Money, India’s First Mobile Wallet Service (Jan. 31, 2011)
- First Visa Cash-to-Account remittances in US-Mexico (Feb. 3, 2011)
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