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DETERMINANTS BEHIND THE CHOICE OF MONEY TRANSFER CHANNELS A CASE STUDY OF PAKISTANI MIGRANTS BASED IN DUBAI UAE

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06 Pages : 70 -80

http://dx.doi.org/10.31703/ger.2022(VII-IV).06      10.31703/ger.2022(VII-IV).06      Published : Dec 2022

Determinants behind the Choice of Money Transfer Channels: A Case Study of Pakistani Migrants based in Dubai (UAE)

Abstract

    The study was designed to explore and analyze the determinants behind the choice of different channels of money transfer used by Pakistani migrants living in Dubai. 400 working-class Pakistani immigrants were taken as a sample. Data was collected through Non-Probability Convenient sampling technique. A rank order analysis was used to find out the respondent's level of preference and the mean value of the rank for factors. The results revealed that the majority of the migrants used informal channels for money transfer because of convenience in regards to funds transmittal and that there was a differential rank ordered preference for choosing any channel wherein speed, cost, exchange rate and ease were given more preference. The research suggests that the policymakers should take concrete steps to ensure the awareness of the migrants about a variety of available remittance options and also to safeguard them against the possible exploitation by the agents and mediators.

    Money Transfer Channel, Pakistani Migrants, Dubai, UAE, Immigrants

    (1) Naveeda Ali
    MPhil Scholar, College of Home Economics, University of Peshawar, KP, Pakistan.
    (2) Kauser Takreem
    Professor, College of Home Economics, University of Peshawar, KP, Pakistan.
    (3) Shaista Ali
    Lecturer, College of Home Economics, University of Peshawar, KP, Pakistan.
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Cite this article

APA

    APA : Ali, N., Takreem, K., & Ali, S. (2022). Determinants behind the Choice of Money Transfer Channels: A Case Study of Pakistani Migrants based in Dubai (UAE). Global Economics Review, VII(IV), 70 -80. https://doi.org/10.31703/ger.2022(VII-IV).06

CHICAGO

    CHICAGO : Ali, Naveeda, Kauser Takreem, and Shaista Ali. 2022. "Determinants behind the Choice of Money Transfer Channels: A Case Study of Pakistani Migrants based in Dubai (UAE)." Global Economics Review, VII (IV): 70 -80 doi: 10.31703/ger.2022(VII-IV).06

HARVARD

    HARVARD : ALI, N., TAKREEM, K. & ALI, S. 2022. Determinants behind the Choice of Money Transfer Channels: A Case Study of Pakistani Migrants based in Dubai (UAE). Global Economics Review, VII, 70 -80.

MHRA

    MHRA : Ali, Naveeda, Kauser Takreem, and Shaista Ali. 2022. "Determinants behind the Choice of Money Transfer Channels: A Case Study of Pakistani Migrants based in Dubai (UAE)." Global Economics Review, VII: 70 -80

MLA

    MLA : Ali, Naveeda, Kauser Takreem, and Shaista Ali. "Determinants behind the Choice of Money Transfer Channels: A Case Study of Pakistani Migrants based in Dubai (UAE)." Global Economics Review, VII.IV (2022): 70 -80 Print.

OXFORD

    OXFORD : Ali, Naveeda, Takreem, Kauser, and Ali, Shaista (2022), "Determinants behind the Choice of Money Transfer Channels: A Case Study of Pakistani Migrants based in Dubai (UAE)", Global Economics Review, VII (IV), 70 -80

TURABIAN

    TURABIAN : Ali, Naveeda, Kauser Takreem, and Shaista Ali. "Determinants behind the Choice of Money Transfer Channels: A Case Study of Pakistani Migrants based in Dubai (UAE)." Global Economics Review VII, no. IV (2022): 70 -80. https://doi.org/10.31703/ger.2022(VII-IV).06