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How Can Policymakers Boost Regulated Remittances to Pakistan from France?

26 Jan 2024

Remittances, the transfer of funds by migrants to their home countries, play a crucial role in supporting families and communities in developing nations like Pakistan. In 2022, Pakistan received over $28 billion in remittances, making it the highest source of external finance for the country. 

While remittances can be a lifeline for many families, a significant portion of these transfers flow through informal channels, known as unregulated remittances. Unregulated remittances, while often seen as a more accessible option for migrants who send money to Pakistan from France, lack the transparency and security offered by regulated channels. 

The Role of Policymakers in Boosting Regulated Remittances to Pakistan

Policymakers in both France and Pakistan have a critical role to play in encouraging the shift from unregulated to regulated remittances. 

By implementing appropriate policies and fostering collaboration between financial institutions and remittance service providers, policymakers can create an environment that incentivizes migrants to send money through formal channels.

Key Policy Measures to Support Regulated Remittances

Here are the key policy measures to support regulated remittances: 

Reducing remittance costs

High remittance costs can deter migrants from using regulated channels. Policymakers can address this issue by encouraging competition among remittance service providers, negotiating lower fees with banks, and exploring alternative remittance technologies.

Expanding access to financial services

Financial inclusion is essential for increasing the use of regulated remittances. Policymakers can promote financial literacy among migrants, encourage the development of migrant-specific financial products, and expand access to remittance services in rural areas.

Enhancing consumer protection

Migrants need to be confident that their funds are safe and will reach their intended recipients. 

Policymakers can strengthen consumer protection frameworks for remittance services, ensure transparency in pricing and fees, and establish effective grievance redress mechanisms.

Leveraging technology

Technology can play a significant role in improving the efficiency and security of remittance services. 

Policymakers can encourage the adoption of digital remittance platforms, promote the use of blockchain technology, and support the development of innovative remittance solutions. 

These policies can inspire confidence in expats to send money online to Pakistan from France more frequently.

Collaboration between France and Pakistan

Effective collaboration between policymakers in France and Pakistan is crucial for maximizing the benefits of regulated remittances. Both countries can share best practices, harmonize regulations, and explore joint initiatives to promote the use of formal remittance channels.

Role of Pakistani Government in Facilitating Remittances

The growth in remittances is also being driven by the Pakistani Government’s encouragement of the use of formal remittance channels, such as banks and money transfer operators.

The Pakistani government is committed to encouraging the use of formal remittance channels. The government has implemented several policies to reduce remittance costs and make it easier for migrants to send money from France to Pakistan. The government has also worked to strengthen consumer protection for remittance services.

The growth in remittances is a positive development for the Pakistani economy. Remittances are a vital source of income for many families and are helping to support the economy during a difficult time. The government is committed to continuing to encourage the use of formal remittance channels and to further strengthen consumer protection for remittance services.

The ACE Money Transfer App: A Convenient and Secure Option for Regulated Remittances

The ACE Money Transfer app is a secure and convenient platform for sending money from France to Pakistan. 

With competitive exchange rates, low fees, and a user-friendly latest app update, ACE Money Transfer makes it easy for migrants to send money home through regulated channels.

To Sum Up 

Remittances are a vital source of income for many families in Pakistan. By implementing supportive policies, leveraging technology, and fostering collaboration, policymakers in both France and Pakistan can play a pivotal role in boosting regulated remittances, unlocking their potential to drive economic growth and improve livelihoods in Pakistan. With the recent update of the ACE Money Transfer app, sending money from France to Pakistan has become even more convenient and secure. Encourage your friends and family to use ACE Money Transfer and experience the difference.


What are the benefits of regulated remittances?

Regulated remittances offer several benefits over unregulated channels, including:

Transparency: Regulated remittances provide clear and transparent information about fees, exchange rates, and the movement of funds.

Security: Regulated remittances are subject to anti-money laundering and other regulatory requirements, ensuring the safety and security of funds.

Consumer protection: Regulated remittance service providers are accountable to regulatory bodies and must adhere to consumer protection measures.


Contribution to development: Regulated remittances can be tracked and monitored, allowing governments to better understand and utilize these funds for development purposes.

What role can policymakers play in encouraging regulated remittances?

Policymakers in both France and Pakistan can play a crucial role in promoting regulated remittances by:

Reducing remittance costs: Implementing measures to lower fees and enhance competition among remittance service providers.

Expanding financial inclusion: Promoting financial literacy among migrants and increasing access to financial services, including digital remittance platforms.

Enhancing consumer protection: Strengthening consumer protection frameworks, ensuring transparency in pricing and fees, and establishing effective grievance redress mechanisms.

Leveraging technology: Encouraging the adoption of digital remittance solutions, exploring blockchain technology, and supporting the development of innovative remittance services.

What are some specific policy measures that could be implemented?

Some specific policy measures that could be implemented include:

Negotiating lower remittance fees with banks: Establishing agreements between central banks to reduce transaction costs for remittance transfers.

Promoting competition among remittance service providers: Encouraging new entrants into the remittance market and supporting the growth of non-bank remittance providers.

Developing migrant-specific financial products: Creating tailored financial products, such as savings accounts and investment options, to meet the needs of migrants.

Expanding access to remittance services in rural areas: Establishing remittance service centers in underserved areas and promoting mobile banking solutions.

How can collaboration between France and Pakistan benefit regulated remittances?

Collaboration between France and Pakistan can significantly enhance the flow of regulated remittances by:

Sharing best practices: Exchanging knowledge and experiences in regulating and promoting regulated remittance services.

Harmonizing regulations: Aligning regulatory frameworks to streamline remittance processes and reduce compliance costs.

Exploring joint initiatives: Collaborating on initiatives to increase awareness of regulated remittances and promote their use among migrants.

Encouraging data sharing: Sharing remittance data to better understand remittance flows and identify areas for improvement.

What are some additional considerations for policymakers?

In addition to the measures mentioned above, policymakers should also consider:

Addressing informal channels: Understanding the motivations behind the use of informal channels and finding ways to incentivize a shift to regulated channels.

Promoting financial education: Educating migrants about the benefits and risks of different remittance options, including regulated and unregulated channels.

Supporting remittance service providers: Providing technical assistance and capacity-building support to remittance service providers, particularly those operating in rural areas.


Monitoring and evaluating policies: Regularly monitor the effectiveness of implemented policies and make adjustments as needed.


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