Remittance Prices Worldwide


New Greenback report on remittances from UK

A new Greenback report is out: London, UK! Following the crisis affecting Somali money transfer operators' access to bank accounts in the UK, the World Bank has been working with the UK authorities to support remittance flows to Somalia. It is within this context that a survey of migrants residing in London was funded by DFID-UK and undertaken for the World Bank by Developing Markets Associates, to investigate the level of financial inclusion and the remittance sending practices. The survey collected 602 in-depth interviews of migrants from Bangladeshi, Ghanaian, Romanian, and Somali communities. The survey looks at the economic and financial profile of migrants, as well as their financial behaviors. There is an emphasis on sending remittances and access to financial services.