Event: 7th ADB-ADBI-OECD-ILO Roundtable on Labor Migration: Increasing the Positive Impact of Migration Through Finance and Technology Promoting Low-cost Formal Remittance Channels and Financial Literacy 19 January 2017 Author / Speaker Isaku Endo Many factors affect remittance cost. These include level of competition, payment system infrastructure, and the regulatory frameworks. Financial literacy helps people choose which remittance option can work for them. Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Topics Social Development and Protection Finance