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Hi my name is Saul Wolf, I am the remittances manager at the World Council of Credit Unions
and the takeaway for today’s presentation is basically three things: the first thing
is that when your looking at remittance linked products you first have to look at the remittance
product itself to determine the probability of that product and whether that leads to
remittance linked products down the road and to the end a greater financial inclusion.
The second main point at least for Credit Unions, which is what I work with primarily,
is that there is a significant demand not only for credit type products but also savings,
and that, there are in our case at least, with Credit Unions there was more of a demand
for savings products that there were for credit products that were already being offered to
some people. And the last point is that marketing efforts and other types of outreach to the
remittance centers is quite difficult to do because of a number of factors, one being
that they don’t respond as well to traditional media, and so that remains a challenge and
it’s not something that has been resolved in my opinion at least.