Remittance Transparency: Strengthening Business, Building Community

  • Date Posted: June 2, 2010
  • Authors: Ann Baddour
  • Organizations/Projects: Appleseed
  • Document Types: Evidence or Research, Assessment
  • Donor Type: Non-Governmental Organization

International remittances to families in the developing world are a central consideration in global development policies. Along with efforts to improve security in sending and receiving remittances and reduce transaction costs, there has been a move to increase pricing transparency. Appleseed partnered with five remittance providers to promote improved market transparency. Collaboratively, we developed and piloted remittance cost and service disclosure. This study presents findings from 742 remitter surveys and remittance provider interviews assessing the pilot. It asserts that improved disclosures benefit both consumers and the businesses that serve them.