Diaspora Journey takes you to the world of millions of people on the move. It contains news, articles, studies, and stories from various sources about the everyday life of diasporas. It also includes topics and discussions related to migration, development, remittances and microfinance.
Wednesday, 30 March 2011
Banks embracing India remittances
Banks are wooing expatriate workers in the UAE with deals on remittances, seeking to corner the lucrative market on money transfers.
Standard Chartered announced yesterday that it would waive fees on all online remittances to India until the end of May. The bank is hoping to attract more deposits from the 1.75 million Indian expatriates in the Emirates. Read more.