Such reasons include that remitters
who had accounts closed found other banks who were willing to accept their business.
Although ostensibly intended as a service fee earned by the disbursing institutions, the burden will inevitably be passed on to either the remitters
or the recipients.
had significantly better performance in baseline cognitive (global and executive domains and processing speed) and functional assessments than late remitters
Automatic delivery of home remittances in beneficiary account/over the counter system in real time; generating confirmation SMS to remitter
and the beneficiary.
But it is a beginning--immigrant customers have opened up a dialogue with a company that will in all likelihood soon become a member of the largest money remitter
, First Data.
MEC also provides life insurance cover of BD1,250-1,500 to all its remitters
, first by any exchange company in Bahrain.
This collaboration will further boost remittance business and will give choice to remitters
to send their money to their loved ones from the US and Canada.
Saudi Arabia and the UAE are expected to stay as lead remitters
, followed by the UK and other GCC countries, the SBP spokesman told Khaleej Times.
We must learn more from policies of other countries to ease flow of remittances flows resulting in maximum satisfaction of both remitters
and beneficiaries, improved commitment of the financial sector, and development of new products and services, he underlined.
Securing funds, agencies and individuals (including risks turning)- Removal risk when deposits funds in the bank,- Improved accounting period funding and reliability of cash receipts,- A consolidated, real-time cash: optimizing and improving the management of cash,- More control on cash and identification of remitters
can track the status of their money transfer request.
The focal area of interest was the facilities extended to home remittance customers, both remitters
and beneficiaries, through contact center and other digital media.