Developing Markets Associates Limited (DMA) is a globally recognised, multi-service development consultancy, based in central London with offices in Australia and project teams in Africa, the Middle East, South Asia, Europe and North America.
DMA works with donor agencies, governments and the wider business community in providing advice and management in its three areas of expertise - remittances, investment programmes and international development events.
DMA’s goal within the remittances arena is to help encourage ever-greater amounts of funds to be remitted through formal channels at the lowest possible cost and at the greatest possible efficiency for the benefit of migrant communities and emerging markets across the globe.
DMA also has over two decades of experience in working with globally respected industry specialists and research analysts in devising highly acclaimed reports, communications strategies and events for governments and for the wider donor community.
REMITTANCES
DMA is widely considered to be one of the world’s foremost expert consultancies involved in the remittances arena and services a number of on-going contracts with the World Bank, individual governments and bilateral donor agencies.
DMA works with its partners to:
-Establish transparency in the remittances marketplace, thereby reducing costs for the consumer and encouraging the greater flow of funds into developing economies;
-Undertake detailed research into remittance and payment system models;
-Survey and analyse key remittance trends including the adoption of new technologies;
-Analyse remittances habits and undertake mystery shopping in key corridors;
-Conduct global and national pricing analysis;
-Undertake market overviews and develop thought leadership documents, such as detailed studies on the linkages between Remittances and Financial Inclusion;
-Produce market research, analysis, new product development and programme design for private sector clients.
The core remittances business areas of DMA are:
Remittances information
The provision of remittances information through a wide range of traditional and multimedia outlets. By way of example, DMA host and run three remittance based web portals, created to introduce more transparency into the remittances marketplace with a view to reducing costs.
www.sendmoneypacific.org – Created, hosted and managed by DMA for a joint Australian and New Zealand Government led initiative ‘Reducing the Cost of Remittances to the Pacific’. The site was officially launched in March 2009 and provides remittances price comparison information for migrants sending money from Australia and New Zealand to the Pacific Islands. Send Money Pacific is a community-orientated project and works closely with the relevant Diasporas in terms of disseminating information and involving community members for feedback and project development.
www.moneymove.org – a constantly evolving on-line bibliography of over 500 reference sources on remittances which is used by research companies, universities, RSPs, the development community and government bodies.
DFID Remittances Information Library (DRIL) - a constantly evolving on-line bibliography of over 500 reference sources on remittances which is used by research companies, universities, RSPs, the development community and government bodies.
Remittances consultancy
Bespoke consultancy projects for governments, donor bodies and the private sector including:
-A ‘Survey of Providers of Migrant Services in the UK-Africa corridors’ for the World Bank/DFID (2008-9);
-‘Research on Migrant Remittances and Linkage to Broader Access to Financial Services’ for UKRTF (2008);
-A mystery shopping exercise for transactions from UK to Nigeria for UKRTF (2007); and
-‘Remittances Prices Worldwide’ for the World Bank (ongoing);
Consultancy for the private sector has covered both those organisations that are looking to expand their money transfer businesses and those with new products who wish to make an initial entry into the industry.
