The phrase "alternative remittance" is correct and usable in written English.
It can be used in contexts discussing different methods or systems for transferring money, especially in informal or non-traditional settings.
Example: "Many people are turning to alternative remittance options to send money to their families abroad."
Alternatives: "non-traditional money transfer" or "alternative money transfer method".
The Financial Action Task Force announced, in a reference to the hawala system, that it would "enhance its focus on informal and nontraditional methods of financing terrorism and money laundering, including cash couriers, alternative remittance systems and the abuse of nonprofit organizations".
Before solutions like WorldRemit, many were simply using alternative remittance methods that are hard to track and often more expensive.
The Department of Homeland Security, the Drug Enforcement Agency and the Treasury Department began to pour enormous resources into cleaning up the alternative remittance business.
Appropriate policies to champion coupled human-land system sustainability in Central America might usefully consider viable land use alternatives to remittance investments dedicated to crop and pasture expansion.
The process of moving fiat currency to bitcoin and then back out to fiat currency, at least for small sums, is simple and already a viable alternative to traditional remittances.
For individuals and families sending money to Mexico, San Diego-based startup Quippi offers a fee-free alternative to expensive remittances.
However, there are limits to how far governments and development practitioners should view youth labour migration – and remittances – as an alternative to medium, or long-term, sustainable development.
Finally, a proper analysis of migrants' remittance behavior should include alternative strategies of transferring resources to the future, such as savings, whereas theoretical and empirical studies generally analyze either remittances or savings, but not both.
Scholars should corroborate the findings presented herein using different estimation strategies and alternative data that allows for distinguishing the remittance behavior of emigrants, the spending patterns of receivers, the extent to which remittances and cash assistance are fungible, and the electoral participation patterns of receivers.
What's more, these flows would have an inbuilt prioritisation towards least developed countries – the ones with least access to alternative sources of development finance like FDI, remittances, or tax revenue – for the simple reason that they are invariably the lowest per capita emitters and hence those who would have the most spare emission permits to sell.
Both sections motivate our alternative hypotheses concerning the contrasting role of financial vs. social remittances in shaping views about the roles of the state.
