Event: Financial Inclusion in the Digital Economy

Catalysts for Financial Inclusion: Remittance and Digital Finance

28 September 2016
Author / Speaker: 
Jonathan Capal, Developing Markets Associates (DMA) Asia Pacific
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Description: 

An animated, fact driven discussion on remittances was held in one of this event’s breakout sessions. Asian Development Bank Senior Investment Specialist Sabine Spohn hosted the panel that featured KlickEx Executive Chairman Robert Bell, DMA Asia Pacific Director Jonathan Capal, and Commission on Filipinos Overseas Chairperson Imelda Nicolas.

With over 250 million people living outside their countries of birth and a remittance flow of estimated $431.6 billion in 2015, safe and affordable remittances remain very relevant. Since average transaction cost is still 7.5% of transaction amount, digital channels will further support reduction of costs.

Geographical Focus: 
Global
Regional - Asia
Type of Content: 
Learning Event

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