Why Social Matters in Remittances

Why social matters in remittances Remittances totalled $550bn in 2013, with an estimated $414bn being sent to developing countries Facebook has approximately 681m users across developing countries MIGRANT REMITTANCE OUTFLOWS United States: 51,093 Russian Federation: 31,648 Saudi Arabia: 29,493 Switzerland: 28,468 E United Kingdom: 23,100 Kuwait: 15,935 Germany: 15,392 France: 12,404 Qatar: 10,842 World Bank Global Average Price of Remittances of Italy: 10,754 Netherlands: 10,674 8.4% Spain: 10,458 Oman: 8,086 Canada: 5,830 Israel: 4,381 China: 4,274 Australia:4,073 = USD MILLIONS of population that use Facebook Social media connects sender and receiver PROCESSING The worldwide remittances market aligns closely with Facebook's developing audience. Find out more below SEND C00 Japan Germany Spain Italy France 14% 31% 37% 38% 39% Malaysia United Kingdom United States Canada Taiwan 47% 52% 53% 53% 57% RECEIVE O Brazil Mexico Colombia Argentina Indonesia Turkey Banglades Philippines Thailand 5% 21% 26% 29% 30% 33% 38% 40% 48% At Azimo we are committed to helping you send your money abroad easily, fast and at the lowest possible cost. Find out more about us at azimo.com azimo SEND MONEY FOR LESS Source: World Bankstaff calculation based on data from IMF Balance of Payments Statistics database and data releases from central banks, national statistical agencies, and World Bank country desks. See Migration and Develo pment Brief 12 for the methodology for the forecasts.