Money transfers news

The Australian Agency for International Development (AusAID) and Developing Markets Associates Ltd (DMA) are pleased to announce that they will be partnering on an AusAID and NZAID led initiative to reduce the cost of remittances from Australia and New Zealand to South Pacific Island nations.

With many households in the South Pacific region relying on remittances to meet their everyday essential living expenses, AusAID has commissioned DMA to develop and manage a remittances price comparison website, www.sendmoneypacific.org that will allow migrants from eight South Pacific island nat

Lady Olga has been instrumental in setting up our highly successful international money transfer trade association and will continue to develop her activities in this field.

I would like to take this opportunity to thank Lady Olga for her enormous contribution to the success of IAMTN.

I sincerely wish Lady Olga Maitland every success in her future endeavours which I have no doubt will be every bit as successful as IAMTN.

George Piskov
IAMTN Director

A new analysis by Juniper Research forecasts that Service Provider revenues, derived from mobile money transfer services and remittances, will exceed $5bn globally by 2013 -- based on the commissions and charges that they will acquire from the gross value of money transactions made, both domestically within countries and internationally.

IAMTN has upgraded the Newsletter and it is now a monthly Magazine, a hard copy will only be sent to members. The Magazine is full of up to date information about new and existing products with an interview of the month and the most need to know news in the Money Transfers Industry.

Please let us know your comments - any feedback is very much appreciated.

Leon Isaacs, ceo Developing Markets Associates and a member of the IAMTN Advisory Board has been invited by the World Bank to address the launch of their initiative on Public-Private Partnerships on Remittances in Vienna in September. This is part of the World Bank's Global Payments Week.

The invitation came from Massimo Cirasino, Head of Payments Systems Development Group, World Bank.

We were able to complete another strong quarter in the money transfer business complemented by exceptional growth in our agent network further demonstrating ...

A highly successful Dubai conference will soon be followed up by an even larger annual event - the Money Transfers London Conference on the 17th and 18th of November, 2008 at the Hilton Park Lane.

IAMTN participated in the recent FSA run PSD Stakeholder Liaison meeting. The Financial Services Authority (FSA) is the UK regulatory body that is tasked by the government with regulating the PSD when it is introduced on 1 November 2009. And it is holding a series of Stakeholder Liaison meetings to:

Please click here to see Euronet Worldwide Reports Second Quarter 2008 Financial Results

Serious Organised Crime Agency and West Yorkshire Police visit to money service businesses in Bradford raises some questions

A co-ordinated operation on 14th - 16th July 2008 led by the Serious Organised Crime Agency (SOCA) and West Yorkshire Police saw visits to more than 40 money transfer businesses in the city. The initiative was done with the aim of causing little interference as possible to those who were visited so that they could carry on trading.