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India Focus Note 29: Potential for E-/M-Banking Enabled Migrant Remittances

Author: 
Nitin Garg, Krishna Thacker, Venkata N.A., Sachin Bansal, Graham A. N. Wright

This note examines harnessing technology to optimise the delivery of remittance services – particularly for banks. It assesses the challenges for banks with the growing use of their core banking systems as a vehicle for remittances, and how they might transform these challenges into opportunities through using Banking Correspondents and e-/m-banking. It analyses whether remittance recipients in rural areas have access to, and the ability to use, mobile phones for this purpose.

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