The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation
This study reports on recent development and future potential for U.S.-based Guatemalan workers cross-border retail transfers to be more formal, cheaper, and disposed to the cross-sale of financial products and services. It also presents the key fe...
| Main Authors: | , , , |
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| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2006/01/7219896/us-guatemala-remittance-corridor-understanding-better-drivers-remittances-intermediation http://hdl.handle.net/10986/7172 |
| Summary: | This study reports on recent development
and future potential for U.S.-based Guatemalan workers
cross-border retail transfers to be more formal, cheaper,
and disposed to the cross-sale of financial products and
services. It also presents the key features of remittances
senders, recipients, instruments, and intermediaries
involved. The paper focuses on three areas: (a) the main
characteristics of the Guatemalan migrants in the United
States and the key drivers behind their decision to remit
money and to choose an intermediary; (b) financial
infrastructure supporting U.S.-Guatemala remittances
processing, especially the role of technology, payment
systems and innovations going forward, as avenues to help
lower transaction costs, among others; and (c) the landscape
of workers remittances distribution in Guatemala, examines
the characteristics of recipients and the evidence of
remittances impact, and analyzes the indications of
potential for cross-sale of financial services to recipients. |
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