May 21, 2015
For consumers who want to wire money to some far corner of the world, not much has changed since the days of the Old West. Trying to send a small amount of money from US to a relative in India or Mexico probably means queuing at a money-transfer agent, providing documents and other proof of identity and paying a hefty fee, probably reaching 10% (or more) of the value of the remittance. Similar hurdles and potential fees are observed on the receiving end. According to the World Bank the cross-border remittance market was worth total of $483 billion back in 2011. Majority of those were small amounts sent regularly by migrants to their families back home. As the number of migrants kept increasing, so did the market opportunity for remittances - about 8% annually in recent years.
It is easy to spot th ...
12-month access to 10,000+ insights, research reports, a database of 13,000+ FinTech companies, and a live global community.
instant access to reports and global community along with donation to COVID-19 fund.
12-month access to 10,000+ insights, research reports, a database of 13,000+ FinTech companies, and a live global community.
instant access to reports and global community
MEDICI offers data-driven, original, unique, and forward-thinking content to understand the “why” behind the “what”
10,000+ insights, 100+ research reports, and 1,000+ videos based on data, collected and processed by top-in-class researchers with over seven years of experience in the financial service industry.
We do not stop at the data; we analyze it and extrapolate actionable insights that shape and forecast market trends. All of our pieces are neutral, authentic, and unique – this means that you can’t read them anywhere else!
We do also care about design. It’s why our infographics are the most-used ones in company reports and the most shared ones on social media.
We have one of the largest databases with more than 13,000 company profiles listed across 60+ verticals! The database contains primary data collected in two ways:
Through our Global Listening Engine – a proprietary algorithm able to extrapolate and collect data across numerous sources
Directly from FinTechs – thanks to the onboarding flow through which companies can list themselves on the most used database for venture capital in the industry
You will be added to our private WhatsApp Channel with more than 200 FinTech leaders across the globe, where we engage in discussions around various financial services topics daily. After a few clicks, you’ll get to know the whole community, including the MEDICI team – you can ask questions, suggest topics, and get behind-the-scenes insights
MEDICI Inner Circle™ is the membership you need to freely access all MEDICI content, which includes insights, research reports, videos, startup knowledgebase, and the members-only community for live engagement.
We cover more than 60+ sub-segments in FinTech – but we do not stop there; we also cover topics beyond FinTech, such as InsurTech, RegTech, PropTech, WealthTech, BankTech, AgriTech, and the enabling technologies enabling innovation such as AI, Blockchain, etc.
By becoming a member, you will unlock all the content on our website. A free subscriber gets access to only 5% of what we publish on the web-site. Paid members also get preferred access to our live events, and exclusive access to the members-only community for live digital engagement.
Yes. Please write to us at innercircle@goMEDICI.com.
Yes. Please write to us at innercircle@goMEDICI.com.
We offer a 7-day free trial during which you can access all of our data, insights, and analyses. You can cancel the subscription any time before the end of the free trial period. However, we do not offer refunds.
Sign up to read the article