Tag Archives: nepal

The Benefits of Remittances in Developing Countries

Sending Money to the Philippines, Mexico, India, and beyond

Millions of U.S. immigrants work ferociously hard every day. They engage in this labor in part to be able to send money home to help loved ones pay bills and live a better life. These remittance payments don’t just provide benefits for friends and family members who receive them; they help fuel whole economies! Continue reading The Benefits of Remittances in Developing Countries

Nepal Rasta Bank Considers Reimbursing Remittance Fees

Sending Remittances to Nepal

The Nepal Rastra Bank (NRB) recently asked the government of Nepal to subsidize or otherwise reimburse fees associated with money remittance. Bank officials assert that such assistance may encourage workers to use formal, safe mediums to transfer money. Currently, the country faces a major problem with illegal money transfers and smuggling. Continue reading Nepal Rasta Bank Considers Reimbursing Remittance Fees