Ottawa In the final event of the first ACORN Canada Convention members gathered in front of the National Bank of Canada, assembling to raise the demand to lower bank and money transfer fees for remittances. With Parliament looming over them car after car honked in support of lower bank fees. Hardly a struggling immigrant driving …
Tag: Remittances
Banks Silently Step up on Remittances
Atlanta On ACORN International’s Remittance Justice Campaign (www.remittancejustice.org) we have had difficulty getting any response from the big banks except in the most cursory terms. Wells Fargo did finally reply and told us they were doing great within a small footprint of countries. Bank of America and JP Morgan/Chase were stone silent. Not surprisingly given …
Mobile Phone Money Transfers No Panacea Yet
New Orleans The bleeding edge hope for technology in handling finance is often seen as Africa and more specifically Kenya and very pointedly mobile phones. To the degree a mobile phone system could obviate having bank accounts and ease the problems and costs of money transfer for remittances, this could be a good news except …