Description: The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation

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...

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Bibliographic Details
Main Authors:	Cheikhrouhou, Hela, Jarque, Rodrigo, Hernández-Coss, Raúl, El-Swaify, Radwa
Language:	English en_US
Published:	Washington, DC: World Bank 2012
Subjects:	ACCOUNTING AFFILIATE AGRICULTURAL ACTIVITIES AGRICULTURE ANTI-MONEY LAUNDERING ANTI-MONEY LAUNDERING REGULATIONS BALANCE OF PAYMENTS BANK BANK ACCOUNT BANK ACCOUNTS BANK SECRECY ACT BANKING SECTOR BANKING SYSTEM BANKS BORDER TRANSACTIONS BORDER TRANSFERS CAPITA REMITTANCES CASH REMITTANCES CHECK CASHING CITIZENS CIVIL CONFLICT CLEARING HOUSE CLEARING HOUSES COMMERCIAL CODE COMPENSATION OF EMPLOYEES CONSUMER PROTECTION COOPERATIVES CORP. COURIER SERVICES CREDIT INSTITUTIONS CREDIT UNIONS DATA ON REMITTANCES DEPOSIT INSURANCE DEPOSITORS DEVELOPING COUNTRIES DISSEMINATION DRUG ABUSE DUE DILIGENCE EFFECT OF REMITTANCES ELECTRONIC FUNDS ELECTRONIC FUNDS TRANSFERS ELECTRONIC TRANSFER ELECTRONIC TRANSFERS EMIGRANT REMITTANCES EMPLOYMENT EMPLOYMENT OPPORTUNITIES EXCHANGE RATES FAMILY MEMBERS FARMERS FEDERAL DEPOSIT INSURANCE FEDERAL DEPOSIT INSURANCE CORPORATION FEDERAL RESERVE SYSTEM FINANCIAL FLOWS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SERVICES FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FOREIGN ASSETS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN WORKERS GROSS DOMESTIC PRODUCT HOME COUNTRY HOST COUNTRIES HOST COUNTRY HOUSEHOLD INCOME HOUSING ID REQUIREMENTS IMMIGRANTS IMMIGRATION IMPACT OF REMITTANCES IMPORTANCE OF REMITTANCES INCOME INCOME DISTRIBUTION INCOME INEQUALITY INCOMES INDIVIDUALS INFORMAL CHANNELS INTERNATIONAL BORDERS INTERNATIONAL ORGANIZATION FOR MIGRATION INTERNATIONAL REMITTANCE INTERNATIONAL REMITTANCE SYSTEMS LATIN AMERICAN LAWS LEGAL FRAMEWORK LEGAL STATUS LIMITED MACROECONOMIC LEVEL MERGER MERGER AGREEMENT MICROFINANCE MIGRANTS MIGRATION MIGRATION FLOWS MIGRATORY STATUS MONETARY REMITTANCES MONEY GRAM MONEY LAUNDERING MONEY ORDER MONEY ORDERS MONEY TRANSFER MONEY TRANSFER COMPANIES MONEY TRANSFER OPERATOR MONEY TRANSFER OPERATORS MONEY TRANSFERS MONEY TRANSMITTERS MOTHER NATIONAL SECURITY OPERATING COSTS PARTNERSHIP PAYMENT SYSTEMS PENSIONS POSTAL SERVICE POSTAL SERVICES POVERTY ALLEVIATION PRIMARY EDUCATION PRIVATE ENTITIES PROFITABILITY PROPRIETARY PUBLIC FINANCE RECIPIENT COUNTRIES RECIPIENT COUNTRY REGULATORY COMPLIANCE REGULATORY FRAMEWORK REMITTANCE REMITTANCE BUSINESS REMITTANCE CORRIDORS REMITTANCE DISTRIBUTION REMITTANCE FLOW REMITTANCE FLOWS REMITTANCE INDUSTRY REMITTANCE MARKET REMITTANCE PAYMENTS REMITTANCE PRODUCTS REMITTANCE RECEIVER REMITTANCE RECIPIENTS REMITTANCE SENDERS REMITTANCE SERVICE REMITTANCE SERVICE PROVIDERS REMITTANCE SERVICES REMITTANCE TRANSACTION REMITTANCE TRANSACTIONS REMITTANCE TRANSFER REMITTANCE-RECEIVING HOUSEHOLDS REMITTANCES REMITTANCES FLOWS REMITTERS RURAL AREAS SAVINGS SEND REMITTANCES SERVICE PROVIDER SOCIAL SERVICES SOCIETY SPONSOR SPOUSES SUBSIDIARY TAKEOVER TERRORIST TRANSACTION COSTS TRANSFER CHANNELS TRANSFER FEE TRANSFER OF REMITTANCES TRANSFER SERVICES TRANSPORTATION UNDOCUMENTED MIGRANT UNDOCUMENTED MIGRANTS UNDOCUMENTED WORKERS UNION UNSKILLED LABOR UNSKILLED WORKERS USING MONEY ORDERS WORK FORCE WORKER REMITTANCES WORKERS REMITTANCES
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

Description
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.

The U.S.-Guatemala Remittance Corridor : Understanding Better the Drivers of Remittances Intermediation

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