Welcome to The International Association of Money Transfer Networks
IAMTN is the only international organization that represents Money Transfer Industry/Payment Institutions providing cross border payments across the globe... Read more
Remittances to the developing world are expected to grow by 6.3 percent this year to $414 billion and are projected to cross the half-trillion mark by 2016, according to revised estimates and forecasts issued today by the World Bank.
The top recipients of officially recorded remittances for 2013 are India (with an estimated $71 billion), China ($60 billion), the Philippines ($26 billion), Mexico ($22 billion), Nigeria ($21 billion), and Egypt ($20 billion). Other large recipients include Pakistan, Bangladesh, Vietnam, and Ukraine.
Information on Remittances to Somalia
Remittances play an important role in Somalia, supporting livehoods and economic development.
More information here