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On Prudential specifically, the Barclays analysts said: We see Prudential continuing to grow earnings at 12% compound annual growth rate and cash remittance at 15% compound annual growth rate over the next 5 years, buoyed by Asian growth and an increasingly cash generative US business.
Sendah has a number of benefits over plain cash remittance.
This super ATM can be used by existing cash remittance operators throughout the developing world - raising their own security - or it can stand outside like a Coke machine.
Mobile operators and microfinance offices are predicted to also use the machines, causing competition for cash remittance transfers, further reducing pricing.
The new super-ATM allows lower cost, higher security, and an opportunity for both the cash remittance venues, mobile phone shops, and microfinance offices around the world to increase business.
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On Friday, Japan said it would limit cash remittances to North Korea from Koreans in Japan.
The Western Union offices — for cash remittances — reoopened yesterday and there were long queues out front.
Among the options floated were stricter enforcement of a ban on travel to Cuba and cutting off cash remittances.
The police in North Korea sometimes protect families with relatives in the South so they can take a cut from cash remittances from the South.
A presidential "Commission for Assistance to a Free Cuba" proposed increasing aid to the dissidents while imposing tight limits on cash remittances to relatives on the island.
The agreement comes shortly after the Bush administration put into effect new restrictions on visits to Cuba and cash remittances by Americans.
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