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Cross-Border Remittance in Asia/Pacific

Published by: IDC

Published: Aug. 10, 2006 - 16 Pages


Table of Contents


Table of Contents
Financial Insights Opinion
In This Report
Brief Description of the Solution
Situation Overview
Hong Kong
Table: Hong Kong Remittance Patterns by Country of Origin
Table: Hong Kong Estimated Volumes by Country of Origin (US$M)
Table: Hong Kong Remittance Method Share by Country of Origin (%)
Key Remittance Players
Banks
Money Transfer Companies
Remittance Cost Estimates
Table: Hong Kong Remittance Fees by Country of Origin
Japan
Table: Japan Remittance Patterns by Country of Origin
Table: Japan Estimated Volumes by Country of Origin (US$M)
Table: Japan Remittance Method Share by Country of Origin (%)
Key Remittance Players
Banks and Money Transfer Companies
Remittance Cost Estimates
Table: Japan Remittance Fees by Country of Origin
Malaysia
Table: Malaysia Remittance Patterns by Country of Origin
Table: Malaysia Estimated Volumes by Country of Origin (US$M)
Table: Malaysia Remittance Method Share by Country of Origin (%)
Key Remittance Players
Banks and Money Transfer Companies
Informal Networks
Remittance Cost Estimates
Table: Malaysia Western Union Charges by Country of Origin (RM)
Singapore
Table: Singapore Remittance Patterns by Country of Origin
Table: Singapore Estimated Volumes by Country of Origin (US$M)
Table: Singapore Remittance Method Share by Country of Origin (%)
Key Remittance Players
Banks
Money Transfer Companies
Informal Networks
Remittance Cost Estimates
Table: Singapore Remittance Fees and Charges by Country of Origin (S$)
Regional Flows
Table: Total Flows to Remittance Countries (US$M)
Remittance Is a Global Business
Future Outlook
Leading Players
Bank of the Philippine Islands
Remittance Technology
Challenges and Opportunities
Bank Negara Indonesia
Remittance Technology
Challenges and Opportunities
Technology Behind Remittance
Essential Guidance
Actions for Financial Institutions
Actions for Vendors
Learn More
Related Research
Synopsis

Abstract

This Financial Insights report looks at the remittance business in Asia/Pacific and presents recent Asian Development Bank data to better understand the region's remittance flows. Although a variety of players operate in Asia, there is still significant inefficiency, and this presents opportunities for the emergence of new leaders.

"Asia is home to a number of labor-rich economies, which are exporting workers to markets all across the world," notes Douglas A. Jaffe, associate director, Asia/Pacific Banking Advisory Service. "Opportunities exist for banks to profit on these flows while offering more efficient, reliable services to customers."



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