The Market for Remittance Services in the Czech Republic

The Market for Remittance Services in the Czech Republic

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The Market for Remittance Services in the Czech Republic is part of the World Bank Studies series. These papers are published to communicate the results of the Bank's ongoing research and to stimulate public discussion. This study presents the outcomes of a survey conducted by the World Bank Payment Systems Development Group. 880 migrants of eight different nationalities were interviewed during summer 2009 in Prague. The survey aimed at analyzing the main characteristics of the market for remittances in the Czech Republic and should serve as a guide for both public authorities and the private sector in identifying possible actions to improve the efficiency of the market. The nationalities selected represent the largest and most important migrant communities in the country: China, Moldova, Mongolia, Poland, the Russian Federation, the Slovak Republic, Ukraine, and Vietnam. World Bank Studies are available individually or on standing order. The World Bank Studies series is also available online through the World Bank e-library ( authorities can use the findings in the survey as a guide for their action in reforming the retail payments system infrastructure of the country and in fostering the use of alternative and more efficient ways to send and receive money. ... but also on the number of migrants having access to bank accounts, loans, insurances, and other financial services. Finally, the survey represents the ideal starting point for the implementation of more concrete and practical tools: among others, theanbsp;...

Title:The Market for Remittance Services in the Czech Republic
Author:Marco Nicoli, Carlo Corazza
Publisher:World Bank Publications - 2010


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