Central Banking

World Bank to "name and shame" remitters

The World Bank has launched an online database to "name and shame" providers of remittance services around the world.

The data offers price comparisons for service providers including banks and money senders, such as Western Union, and was collected by World Bank staff and includes some 120 countries covering 40 payment "corridors".

While not exhaustive the data provides substantial coverage. "We have about 60% of the market," Massimo Cirasino, who heads the World Bank's Payment System Developm