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Tuesday
02Feb2010

Unlock Africa's migrant fortune

The Hispanic approach emphasises migrants' involvement in banking by offering a range of banking services in both the country of origin and the host country, products of specific interest to migrants, and low commissions on foreign transfers. This approach, widely developed by Morocco and the Portuguese-speaking world, is epitomised by the zero-commission policy initiated by the Spanish bank Santander and its Moroccan counterpart, Attijariwafa Bank.