Remittance market need to lower costs: BNM

Remittance market need to lower costs: BNM. [Newspaper] (2015)


Migrant remittances have grown four-fold in just the last seven years to RM 32.0 billion, with non-bank service providers now accounting for two thirds of all remittances said deputy Bank Negara Malaysia governor Datuk Muhammad Ibrahim. The rapidly growing remittance market in Malaysia and other emerging economies call for lower remittance costs and greater access and coverage of remittance services.

Item Type: Newspaper
Keywords: Financial systems, Remittance services, Money services industry, Cross border economic activities
Taxonomy: By Subject > Business & Management > Finance
Local Content Hub: Subjects > Business & Management
Depositing User: Muhammad Azrul Ayob
Date Deposited: 17 Jun 2022 08:19
Last Modified: 17 Jun 2022 08:19
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