INQUIRER.net: Mobiles offer financial lifeline to Asian migrants—study

INQUIRER.net Philippine News for Filipinos

Mobiles offer financial lifeline to Asian migrants—study May 20th 2013, 22:48 BANGKOK—Asia's mobile revolution is set to transform the region's financial services industry, offering a cheap way for millions of migrant workers to send money home to their families, a report said on Monday.   Nearly 60 million migrant workers from the Asia-Pacific region sent almost $260 billion home to their families in 2012, according to the study, co-authored by the World Bank and the International Fund for Agricultural Development.   An estimated 70 million Asian households—one in 10—benefit from these flows.   Yet most Asian households receiving remittances still "live outside the world's financial system," particularly those from rural... Keep on reading: Mobiles offer financial lifeline to Asian migrants—study Media files: mobile.jpg (image/jpeg)

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