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IAMTN announce the Global Money Transfer Summit Dubai

In keeping with an improving global economy, remittances to low- and middle-income countries are expected to grow modestly by 3.5 percent in 2018


Driving the world of the money transfer industry with a Middle East focus.

The International Association of Money Transfer Networks and the main stakeholders from the region will examine the areas that are having the biggest impact on the remittances during the Global Money Transfer Summit-Dubai. GMTS-Dubai 2018 will be held on 29-30 April 2018 in Dubai. The event is organised by IAMTN in collaboration with FERG, MAMSB, NAMT, ARCPA and Russian Electronic Money and Remittance Association.

Remittances to low- and middle-income countries are expected to grow modestly by 3.5 percent in 2018, to $466 billion. Global remittances will grow by 3.4 percent to $616 billion in 2018. What will 2018 hold?  Will growth in the region continue? What are the key drivers? How can businesses gain better access to bank accounts?  What new developments within the industry? These questions and many others will be addressed at the mentioned event. In a similar fashion to the previous five conferences, the one day conference will not only provide tremendous information and networking opportunities but will also throw out challenges to all attendees to re-examine their business strategies and ensure that they are positioned to seize the opportunities and tackle the challenges – particularly as the world looks further east.

The transitions that the money transfer business are currently going through, both regulatory and technological, are rarely painless and often unsettling. It is likely that the industry will look very different in 10 year’s time, dominated by the companies that adapted to face the challenges of today.

UAE continues to be a preferred destination for expats who are looking for better job opportunities and good quality of life. Expatriates working in the UAE are sending home billions of dirhams. Between January and September 2017, foreign residents in the UAE sent Dh121.1 billion to their home countries. The rise in remittances is a reflection of the growing UAE economy.The recovery in remittance flows is driven by relatively stronger growth in the European Union, Russian Federation, and the US. In the GCC, fiscal tightening, due to low oil prices, and policies discouraging recruitment of foreign workers, will dampen remittance flows to East and South Asia.

If you are interested to get involved in the GMTS-Dubai 2018 event please email

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