Sentence examples for remittance transaction from inspiring English sources

We should strongly support the G-20s commitment to reduce remittance transaction costs.

That is less than 3percentt of the 40 million of remittance transactions to Mexico each year.

Use our interactive to find out which countries pay the most for remittance transactions.

BitPesa, a Kenyan mobile money transfer firm that launched in May, says its remittance transactions are "twice as fast and 75% cheaper" than competitors, because it uses bitcoin to transfer funds.

Unequal exchanges, such as remittance transactions, "contribute to and reinforce honor, prestige, and authority" of one actor on the other, Eckstein points out (2010, p. 1651).

Transfer fees are a key cost component of sending remittances; lower transaction cost is associated with greater benefits and opportunities for receiving families and countries to capture development gains and reduce poverty.

While Bitreserve is dependent on Bitcoin now, Minor believes he can create a system where Bitcoin is one of many points of access to the BitReserve transaction and remittance platform.

It is therefore essential to facilitate remittances and lower the transaction costs.

Under the guidelines issued last week, RBI wants payment banks to target India's migrant labourers, low-income households and small businesses, offering savings accounts and remittance services with a low transaction cost.

And there are certainly advantages in terms of people trying to remit amounts back to their home countries, for example, when you're working in foreign jurisdictions, without having to go through remittance services and then suffering transaction charges as well.

The international community needs to take is to lower the costs of remittances to 5% of the transaction value.