What do International Remittances mean for Mobile Money? CGAP releases study on remittances

March, 2012

CGAP and Dalberg Global Development Advisors recently conducted a landscaping study of international remittances through mobile money.

eServGlobal's HomeSend International Remittance Hub was recongised as "one of the most intriguing innovations in the mobile international remittance market currently."

In just over a year HomeSend has signed partnerships with mobile operators to the point where the potential user base that can tap into the HomeSend hub is now ~325M and growing.

There are +100 mobile money vendors worldwide, but most are closed source. HomeSend connects mobile wallets to each other, to banks, etc. In theory this should significantly cut down the time it takes to scale mobile international remittance networks across all corridors.

To read the full report download the attachment below.