Almost all developing economies are majorly dependent on foreign inward remittances from the diaspora living & working overseas for a significant portion the country’s foreign exchange reserves. Given the absence of branches of national banks overseas the remittance revenues for the national banks is a miniscule  and  95%  share of remittance fee & revenue  is retained by the money transfer operators ( MTO’s )  like MoneyGram, Western Union etc.

A centralised inward remittances platform all national banks connected to the all the key send markets from wherein the diaspora remits the foreign exchange back home compliant to both send and receive market central banks.

A centralised inward remittances platform all national banks connected to the all the key send markets from wherein the diaspora remits the foreign exchange back home compliant to both send and receive market central banks.