RemitONE attended the Money Transfers Dubai 2010 event organised by the International Association of Money Transfer Networks (IAMTN) at Jumeirah Emirates Towers, Dubai. The event attracted over a hundred senior executives from the remittance industry along with officials from the World Bank, the UAE’s Wages Protection System (WPS) Office and the Central Bank of UAE.

Delegates from Al-Ansari Exchange, Citi, Eurogiro, Mi-Pay, Times of Money and Unistream discussed current industry issues and other developments in regulation and technology, where RemitONE hopes to play an integral role.

Other highlights of the IAMTN event included the World bank’s description of the G8’s 5×5 initiative which is designed to halve the global pricing of cross-border remittances over the coming 5 years. The GCC has performed well in relation to other regions with regards to remittance flows.

The demand for online remittance continues to gather momentum in the GCC. In the global marketplace, mobile remittance continues to be a hot topic.

RemitONE is already in talks with several key industry players in designing innovative solutions for banks, MTOs and other organisations.