Innovative and tailored banking

Date Shared:

Thursday, October 6, 2016 - 19:15

Title:

Innovative and tailored banking

Countries and areas:

India

Partner(s):

ILO; Private Sector (ICICI Bank)

Thematic Area:

Remittances, Strategies for minimizing costs/maximizing human development

Tags:

Migration, Trade and Investments, Remittances, Costs of Migration

Summary:

The Indian ICICI Bank offers hybrid solutions with remittance kiosks and ATMs in migrant areas and dormitories. Kiosks in Singapore and Bahrain can be used to transfer funds to India on the same day. ICICI sees mobile banking as a powerful medium for further financial inclusion.

GFMD Source:

GFMD 2016 RT 1.1 "Reducing Migration Costs"

Link:

See, for e.g., https://www.icicibank.com/nri-banking/relocating-abroad/going-for-work.page?