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Banks and the growing remittance market


  • anonymous


Hispanic immigrants in the United States send billions of dollars annually to their home countries. Most of this money bypasses the banking system in favor of other remittance methods such as wire transfers or mailed money orders. Banks are working to gain a larger presence in this growing arena.

Suggested Citation

  • anonymous, 2004. "Banks and the growing remittance market," EconSouth, Federal Reserve Bank of Atlanta, issue Q3.
  • Handle: RePEc:fip:fedaes:y:2004:i:q3:n:v.6no.3:x:2

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