Published on People Move

Migration and Remittances News Roundup (Feb. 4, 2011)

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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.

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Ani Silwal

Economist in the World Bank’s Poverty and Equity Global Practice

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