How important of a market is Cuba for US and other foreign financial institutions?
This study presents the findings of a migrant survey conducted in November 2016 about remittances, new technologies, and financial access among Latin American migrants in the United States.
Remittances to Latin America and the Caribbean surpassed US$70 billion in 2016, representing a critical source of income for the region. Two new Dialogue studies shed light on remittances, emerging technologies in methods of transfers, and opportunities for financial inclusion. These studies were presented and discussed on May 17th at an event moderated by Peter Hakim, President Emeritus of the Dialogue, and featuring speakers Manuel Orozco, the Director of the Dialogue’s Migration, Remittances, and Development Program, and Daniel Ayala, the Executive Vice President and Head of Global Remittances Services for Wells Fargo.