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World Bank report advises that lower cost remittances help reduce poverty.

Helping to overcome world poverty requires help from many organizations and government bodies each addressing different aspects of the problem. This includes direct funding and behind-the-scenes support roles. All must agree that sustained long term strategies and the involvement of many solution providers is required.

Quotes from World Bank Press Launch about poverty*

"Remittances reduce poverty because they generate direct income transfers to the households" - Mr Ratha *

"remittance fees, which have tended to remain high, in the range of ten to 15 percent for small remittances, used by poor migrants” *

“Reducing remittance cost, the second policy priority, would involve increasing banking access of migrants and it would involve strengthening competition in the remittance industry.” *

Technocash is a remittance provider looking to grow its low cost methods worldwide - lower fees means more arrives. See our Philippines remittance pages to see an example of our reduced costs. We have point-to-point remittance technology waiting to be deployed to provide even lower remittance costs. Sophisticated remitters in developed countries can take advantage of many low priced moving money facilities and communication features. We add value and a wide range of features to our accounts for the benefit of all our customers.

What can you do to help.
Tell us about locations where remittances are not easily provided.
Tell us about locations where remittance costs are high.
Provide links to websites and reports that are involved with reducing poverty by offering better financial services.
Refer us to your organization or charity.
Contact us if you are a liaison for an organization.
Provide sponsorship of our terminals.
Contribute funds.
Act as a part time training/education volunteer in a beneficiary country.
Tell us who is providing great remittance pricing and convenience.
Provide a future location for our terminals in a beneficiary country.
Act as a local information partner where remittances activity needs improvement.
Tell us about your remittances, the countries and amounts and problems you are having.
Make suggestions on locations where remittances should be available from.
Click here to express your interest...


* Reference: Extract from The World Bank, Global Economic Prospects 2006, Economic Implications Of Remittances And Migration Press Launch Wednesday, November 16, 2005 link ...

Technocash Magazine

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Helping Reduce Poverty - Links

Please enjoy looking at these links and consider items like percentage of funds used on good works, emergency aid versus self sustainability, global reach, affiliations with governments and religious bodies, total funds deployed, sources of funds, charity or not for profit status, how long they have been operating...


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