Remittances
topic on 4 shows · 7 statements across 7 episodes
the Neon Show 
WTF is with Nikhil Kamath 
Capital Allocators 
the a16z Podcast
7 statements about Remittances, every show
Kamath: Annual remittances to India total approximately $150 billion
“I think the amount of money that goes back to India is about one fifty billion a year.”
Nilekani: India will progressively liberalize capital accounts as remittances reach $200B
“In my view, It'll get more and more liberalized, because India will get lots and lots of dollars. Only we get a hundred and eight billion dollars of remittances, that'll go to, say, two hundred billion.”
Masters: Cross-border payments remain astonishingly inefficient compared to domestic systems
“The consumer payments business domestically in most of the developed world is ultra-competitive, but all sorts of opportunities, especially in cross-border payments and remittances, which are still astonishingly inefficient and fragmented.”
Remittances account for 10% of Philippines GDP
“And 10% of Philippines GDP, you know, depends on remittance.”
US remittances to Honduras outpace official foreign aid by over 10x
“So our official aid to Honduras is something around four hundred million dollars. Remittances are five or six billion.”
Srinivasan: Bitcoin remittances will not beat legacy systems in their first decade
“Remittances are, to Bitcoin, what VoIP was to the internet. In the sense of, it'll work at some point in the first five years or 10 years of the thing, it's not high enough quality with the obvious alternative, namely VoIP versus landlines or remittances versu…”
Krugman: High remittance costs stem from market power and regulation
“In fact, I know it's not inherent in the technology of conventional banking. I suspect it has to do with a combination of market power, but also largely, you know, government enforced barriers, particularly government barriers that reinforce that market power.”