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Harnessing Digitization for Remittances in Asia and the Pacific by Asian Development Bank

Harnessing Digitization for Remittances in Asia and the Pacific

by Asian Development Bank
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Book cover type: Paperback
  • ISBN13: 9789292629625
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Asian Development Bank
  • Publisher Imprint: Asian Development Bank
  • Publication Date:
  • Pages: 38
  • Original Price: GBP 17.99
  • Language: English
  • Edition: N/A
  • Item Weight: 150 grams
  • BISAC Subject(s): Development / Economic Development

This report looks at the benefits of digitization for remittances in Asia and the Pacific.

Remittances are considered a lifeline of developing countries and are especially vital for migrants and their families. Digital data technology can help alleviate many of the "pain-points" in the remittances industry. For example, it can significantly enhance the convenience, speed, security, and affordability of sending and receiving remittances. The report discusses the importance of remittances in Asia and the Pacific, the key challenges faced by the industry, and the impacts of the coronavirus disease (COVID-19) pandemic. It also includes country case studies that demonstrate the benefits of digitization and makes recommendations on how the digitization of remittances across the region can be further advanced.

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