Coque samsung ha Mobiles offer financial lifeline to Asian migrants coque samsung galaxy s3 blanche-coque huawei y 5 2018-vcuplf

Mobiles offer financial lifeline to Asian migrants

Asia’s mobile revolution is set to transform the region’s financial services industry, offering a cheap way for millions of migrant workers to send money home to their families, a report said on Monday.

Yet most Asian households receiving remittances still coque samsung glaxy grand plus “live outside the world’s financial system”, particularly those from rural areas, with limited access to savings accounts, the report said.

“Mobile telephony offer the prospect of cheaply connecting hundreds of millions of unbanked rural and low income people to financial services,” it added.

Asia is the fastest growing market on the planet for mobile financial coque iphone 6 beuh coque samsung galaxy s6 edge ariel services, coque samsung s5 nutella which now reach almost every town and village, enabling samsung galaxy s7 coque samsung people to send money, transfer funds between coque samsung a5 2016 vw accounts and pay bills, the report said.

Traditionally rural recipients of remittances had to coque samsung galaxy a3 gel travel long distances to a bank or other payout locations to receive their coque bouddha iphone 6 money in cash.

But technological advances mean that these days “mobile wallets” can be used to receive and store money for future use.

Some mobile devices also allow customers to receive money from ATMs without a bank card as well as to pay for coque samsung iphone 6 coque messi galaxy s6 edge simpson goods and services at retail locations, even if such services are in the early stages.

In the past workers sending money home to families in rural areas coque samsung galaxy s4 priceminister faced higher remittance charges, but that is also changing.

The cost of mobile transactions is also about two percent of that of branch banking, and 60 percent of leading remittance service providers now offer mobile transfers.

“The promise of low cost, instantaneous transfers of funds over large distances directly through mobile coque samsung galaxy s4 ado fille phones is one of the most exciting prospects in the industry today,” the report said.

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