The U.S.-Mexico Remittance Corridor

The U.S.-Mexico Remittance Corridor

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The experience of Mexican nationals who send money home from the United States forms the basis for this study. The authors identify three stages of the remittance process: the First Mile, when decisions are in the hands of the remittance sender; the Intermediary Stage, comprising systems that facilitate the cross-border transfer of funds; and the Last Mile, where the funds reach the hands of the remittance recipient. This analysis, covering the last eight years, may provide guidance for other remittance sending and receiving countries that seek to encourage formalization of the flow.Visa and MasterCard in the U.S.-Mexico Corridor VISA According to the Nilson Report, Visa was the leading ... Users simply need a MoneySend branded debit or credit card; no visit to the bank is required. ... Many credit card companies collaborate with other institutions to increase the number of money-remitting outlets inanbsp;...

Title:The U.S.-Mexico Remittance Corridor
Author:Raúl Hernández-Coss
Publisher:World Bank Publications - 2005-01-01


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