remittanceoriented
Remittanceoriented refers to economic, service, or institutional frameworks that are specifically designed to facilitate, optimize, or capitalize on the flow of remittances—money sent by migrants to their home countries. In a remittanceoriented economy, foreign earnings from diaspora workers represent a substantial share of the national income, influencing domestic consumption patterns, investment decisions, and financial stability. The term also applies to financial products and platforms such as mobile wallets, digital payment networks, and specialized banks that integrate remittance services with local banking, micro‑financing, or e‑commerce functions.
Key characteristics of remittanceoriented systems include low transaction costs, high speed of transfer, widespread agent networks,
Remittanceoriented policies often encourage financial inclusion by promoting digital payments, subsidizing transfer fees, and supporting bilateral
Ongoing innovations in blockchain, correspondent banking, and open banking APIs aim to further reduce barriers and