Migrants’ Choice of Remittance Channel: Do General Payment Habits Play a Role?
Summary: This paper investigates the determinants in migrants’ choice of payment channel when transferring money to relatives abroad. We analyze survey results on 501 migrants in the Netherlands, identifying five remittance channels: bank, money transfer operator, in-cash transfers via informal inte...
| Publicado en: | World Development Vol. 62; pp. 213 - 228 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Elsevier B.V.
Oct2014
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=96668202&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 96668202 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 0305750X WDV jtl: World Development issn: 0305750X maglogo: N pubinfo: dt: Oct2014 vid: 62 pid: 2410 pub: Elsevier B.V. artinfo: ui: 96668202 10.1016/j.worlddev.2014.05.002 ppf: 213 ppct: 15 formats: tig: atl: Migrants’ Choice of Remittance Channel: Do General Payment Habits Play a Role? aug: au: Kosse, Anneke Vermeulen, Robert affil: De Nederlandsche Bank, Amsterdam, The Netherlands su: Immigrants Remittances Payment Electronic funds transfers Monetary policy Automated teller machines sug: subj: Immigrants Other financial transactions processing and clearing house activities Other Building Equipment Contractors All other building equipment contractors Computer and peripheral equipment manufacturing Computer Terminal and Other Computer Peripheral Equipment Manufacturing Office and store machinery and equipment merchant wholesalers Office Equipment Merchant Wholesalers Financial Transactions Processing, Reserve, and Clearinghouse Activities Remittances Payment Electronic funds transfers Monetary policy Automated teller machines keyword: payment instruments qualitative choice models remittances payment instruments qualitative choice models remittances ab: Summary: This paper investigates the determinants in migrants’ choice of payment channel when transferring money to relatives abroad. We analyze survey results on 501 migrants in the Netherlands, identifying five remittance channels: bank, money transfer operator, in-cash transfers via informal intermediaries, ATM withdrawals abroad, and carrying cash abroad. The results show that education, costs, access, and financial development in the recipient country are important determinants, while general cash preferences and internet banking usage play a limited role. Based on our findings, financial education, cost reduction, and increasing financial inclusion may serve a valuable role to increase the use of formal channels. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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