Remittance from Japan to Peru

There is a large population of Peruvians of Japanese decent (Nikkei people) who live in Japan. The number of Nikkei people in Japan has been growing since the late 1980's. Japanese banks have up to now not been in the business of facilitating the transfer of money from the Peruvian workers back to Peru.

An organization called Convenio Kyodai was formed to help Peruvians working in Japan to overcome language and cultural barriers. An informative narrative on a Peruvian experience in Japan can be found here.

There are growing numbers of Dekasegi entrepreneurs who return to Peru from Japan to start new businesses. Japan has an increasing linkage to Latin American countries especially Brazil, Peru and to a lesser extent Argentina.

There are many opportunities to create robust remittance networks beyond the United States and Latin America. We at IPM are uniquely positioned to facilitate remittance transactions worldwide because of our established long term relationships.

Migration Phenomenon Beyond the United States

There are immigration trends throughout the Americas beyond the immigration of Mexicans to the United States.

According to a study* conducted by the Multilateral Investment Fund (MIF), "there are now significant communities of Bolivian migrants in Argentina, Nicaraguan migrants in Costa Rica, Guatemalans in Mexico, Peruvians in Chile, and Haitians in the Dominican Republic."

The MIF was formed to fund projects that stimulate the economies of Latin America and the Caribbean. There are numerous transactional opportunities beyond the United States/Mexico market.

*study titled Sending Money Home; Remittances as a Development Tool in Latin America and the Caribbean