Tapping into Regional Remittance Corridors: Africa, Southeast Asia, and Latin America

Most Money Transfer Operators (MTOs) still use a standardised strategy, neglecting the unique nature of each market. Such a one-size-fits-all strategy is rapidly becoming a lost opportunity. For UK, European, and US-based MTOs, a change of paradigm toward localised solutions is necessary for healthy growth and expansion in these high-potential corridors.

This whitepaper presents a strategic plan for MTOs to venture into high potential corridors of Africa, Southeast Asia, and Latin America. It stresses getting familiar with local trends, incorporating local disbursement with local banks, mobile money operators, and payout agents, and incorporating digital wallets for ease of stability.