Tham khảo tài liệu 'partnerships for innovation in microfinance springer_5', tài chính - ngân hàng, tài chính doanh nghiệp phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 122 Cerstin Sander Integration of remittances in financial systems has partly been achieved through a combination of stricter regulation and more competition in the money transfer Thus more of the funds are transacted through the formal financial system and can be used for refinancing intermediation . Recent research shows that remittances have an aggregate positive effect increasing levels of deposits and credit to the private sector relative to Thus they contribute to financial sector The analysis and criteria used however do not assess whether or how low-income groups have in fact been better integrated in financial systems. Statistical evidence is lacking but illustrative observation of markets and actors provides a useful indicative picture The integration of low-income groups in financial systems through money transfer products is possible though far less obvious and developed than might be assumed. Commercial banks interest in attracting this clientele has grown but is still lagging. Cross-selling does not appear to be much pursued where money transfer is offered and could be coupled with or used to attract clients to ancillary financial services. In part it is hampered by insufficient training and incentives for retail staff as well as by the absence of interfaces between money transfer systems and core banking systems especially links to accounts. The hope that MFPs could be a significant part of better financial integration is not yet realised to any great degree. They are not currently the predestined service providers for money transfers. For MFPs it makes good business sense and has the potential to be a good service where regulations and the market permit and the service network and institutional capacity are conducive. When MFPs offer money transfer services they often still display the lag in integration of this client segment in financial services generally . as savers as do commercial banks. Opportunities to .
