Examining the experience of the U.S.-Mexico remittances corridor over the last eight years, this title derives specific lessons that could be applicable to other remittance corridors when shifting from informal to formal systems.

Lessons focuses on a few selected aspects of the remittance experience and breaks down the remittance process into three stages:

• the First Mile, when decisions are in the hands of the remittance sender;
• the Intermediary Stage, comprising the systems that facilitate the cross-border transfer of funds, and;
• the Last Mile, where the...

This study reports on recent development and future potential for US-based Guatemalan workers cross-border retail transfers to be more formal, cheaper, and prone to cross-sale of financial products and services. It also presents the key features of remitt

Governments are challenged to make an innovation-friendly climate while simultaneously ensuring that business development remain sustainable. Criminal use of the technology terrorist financing and money laundering challenges long-run business viability via risk of massive investment flight and public distrust of new players entering the market. Sustainable business models are those that base regulation on a careful risk-based analysis. This study identifies the perceived risks and compares them with the actual level of risk for each category of mobile phone financial services. The comparison...