IFAN Financial, Inc. (IFAN) Distributes Newsletter to Subscribers
In a recently distributed newsletter, IFAN Financial provided a comprehensive guide to international remittances, which is the transfer of money from a migrant worker to an individual in his or her home country.
According to a joint study by the Swiss Agency for Development and Cooperation and the World Bank Group, nearly a billion people (approximately 14.2 percent of the global population) have migrated either domestically or internationally in search of career opportunity and the chance for improved living conditions. Effectively, this has driven the demand for high levels of remittances, particularly in the modern, digital age. Since 2000, the number of remittance flows to developing countries has more than quadrupled, with 2014 seeing an estimated $582 billion of payments sent into these growing markets.
Capitalizing on their necessity, sending remittances can be a costly endeavor. With fees traditionally running as high as 12 percent of the amount sent, the market for new, less costly methods of sending money is at an all-time high. If two individuals have access to the right technological innovations, the company estimates that fees can be reduced to as little as 3.4 percent on average, presenting consumers with an opportunity for significant savings, but the technological limitations of developing markets are slowing adoption rates of these cost-effective alternatives. As payment companies continue to step forward with more options for senders on how their money is delivered, industry experts are forecasting significant changes for the global remittance market in the decade to come.
IFAN, through its comprehensive portfolio of mobile payment and remittance solutions, is continuing to explore opportunities to meet growing demands for convenience, speed and security within the global mobile commerce market. As the company’s products continue to evolve to meet the needs of the industry over the next few years, IFAN is in a strong position to provide unprecedented levels of convenience and security at lower costs.
To learn more about the global remittance market, as well as the Consumer Financial Protection Bureau’s regulations, which are currently in place to protect consumers, read IFAN’s newsletter at the following link: http://ifanfinancial.com/newsletters/15-04-17/.
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
In a recently distributed newsletter, IFAN Financial provided a comprehensive guide to international remittances, which is the transfer of money from a migrant worker to an individual in his or her home country.
According to a joint study by the Swiss Agency for Development and Cooperation and the World Bank Group, nearly a billion people (approximately 14.2 percent of the global population) have migrated either domestically or internationally in search of career opportunity and the chance for improved living conditions. Effectively, this has driven the demand for high levels of remittances, particularly in the modern, digital age. Since 2000, the number of remittance flows to developing countries has more than quadrupled, with 2014 seeing an estimated $582 billion of payments sent into these growing markets.
Capitalizing on their necessity, sending remittances can be a costly endeavor. With fees traditionally running as high as 12 percent of the amount sent, the market for new, less costly methods of sending money is at an all-time high. If two individuals have access to the right technological innovations, the company estimates that fees can be reduced to as little as 3.4 percent on average, presenting consumers with an opportunity for significant savings, but the technological limitations of developing markets are slowing adoption rates of these cost-effective alternatives. As payment companies continue to step forward with more options for senders on how their money is delivered, industry experts are forecasting significant changes for the global remittance market in the decade to come.
IFAN, through its comprehensive portfolio of mobile payment and remittance solutions, is continuing to explore opportunities to meet growing demands for convenience, speed and security within the global mobile commerce market. As the company’s products continue to evolve to meet the needs of the industry over the next few years, IFAN is in a strong position to provide unprecedented levels of convenience and security at lower costs.
To learn more about the global remittance market, as well as the Consumer Financial Protection Bureau’s regulations, which are currently in place to protect consumers, read IFAN’s newsletter at the following link: http://ifanfinancial.com/newsletters/15-04-17/.
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
