DMA and RemitRadar sign Global Remittance Insurance Agreement

Submitted by Henrietta Baidoo on Wed, 11/10/2017 - 14:25

DMA and RemitRadar sign Global Remittance Insurance Agreement

DMA and RemitRadar are delighted to announce that DMA have been appointed as RemitRadar’s Global Representative.

DMA maintains relationships with Remittance Service Providers (RSPs) and their Agent Networks across the World. They will now assist RemitRadar and its insurance industry partners by marketing and promoting RemitRadar’s new remittance focused insurance products.

Working with RemitRadar, the remittance industry and other key stakeholders, including leading insurance companies and global reinsurers such as PartnerRe, DMA aims to assist migrant workers and their families’ financial security.

The global reach of the re/insurance partners, with a customer base of over 2,800 insurance companies, allows to offer the insurance solutions across all markets - and supported by RemitRadar’s AI-backed Fintech and InsurTech technology and DMA’s extensive market knowledge, will ensure that the most efficient and carefully tailored migrant remittance products can be delivered across the World.

About DMA

 Developing Markets Associates (DMA), with a head office in London and regional Asia Pacific office, is a development consultancy firm specializing in the fields of Remittances & Payment Systems, Financial Inclusion and Diaspora Investment. The company’s core business practices are centred upon mobilising capital to emerging economies.

DMA has played a pioneering role in the development of remittance price comparison websites as a tool for increasing transparency in the remittance market, and reducing transaction costs. DMA currently manages several of the most well-regarded and effective websites in operation, including: World Bank Remittance Prices Worldwide, 2008-present, SendMoneyPacific, 2008-present and Send Money Africa, 2011-present.

About RemitRadar

RemitRadar services the needs of an emerging global community of 2.5bn people dependent on remittance services. RemitRadar aims to improve the lives of billions of people in developing countries by offering free financial education to end users. It provides Fintech and InsurTech technologies along with digital and offline distribution channels and services to its partners. RemitRadar has extensive data and knowledge of the remittance community and expertise in managing “big data” to improve the lives of that population. RemitRadar processes over 800m requests per year to its services worldwide.