Remittances to Asia Key Focus at Global Forum

Summary: Global Forum on Remittances for 2013 will discuss industry growth opportunities in Asia, the latest pivot in remittances.
The Global Forum on Remittances (GFR) for 2013 will be held from May 20, 2013 to May 23, 2013, in Bangkok. This year, GFR will focus on opportunities and challenges facing the remittance industry in the Asia-Pacific region. GFR is an event by the World Bank and The International Fund for Agricultural Development (IFAD). More than 300 participants including government representatives, industry experts and remittance business executives, are expected to take part in the event.

Titled “Sending money home to Asia – GFR2013,” GFR2013 will see participants discussing the Asia-Pacific remittance market. Remittances to Asia constituted more than half of the total remittances to developing nations in 2012. Over 260 billion USD crossed borders to reach Asia; Asian emigrants form one-third of the total count of emigrants from developing nations. India, China, Pakistan, Philippines and Bangladesh are the leading remittance-receiving markets. GFR2013 will explore the huge potential that Asia-Pacific region presents with such statistics.

The event will see participants discussing industry insights, market behaviour, latest developments in products/ services, and sustaining business models, that enable to leverage existing remittance trends and prepare for future changes. The event will also be accompanied by a fair – A Remittances, Business Models and Technology Fair – where participants can showcase their products, services, technologies and business models.