Designing Innovative Financing Mechanisms to Reduce the Cost of Sending Remittances to Developing Countries

Projects
Topic: Remittances
Region: Americas

DMAG undertook a study on the Canadian remittances market and, in partnership with Vivid Economics, analyse the potential for innovative financing mechanisms to reduce the cost of sending remittances from Canada.

DMAG conducted market research including engaging with operators, regulators and consumers, providing an assessment identifying market failures and recommendations on where improvements in the market could be made. DMAG and Vivid Economics also worked on developing potential mechanisms that could address specific market failures, with a focus on innovation in technology.

Study on Designing Innovative Financing Mechanisms to Reduce the Cost of Sending Remittances to Developing Countries
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