Market for Remittance Services in the Czech Republic

This publication presents the outcomes of a survey conducted by the World Bank Payment System Development Group, at the request of the Ministry of Finance of the Czech Republic, as a follow up to the World Bank-led mission that visited the country in 2008 to assess the market for remittances. The survey aimed at analyzing the main characteristics of the market for remittances in the Czech Republic and should serve as a guide for both public authorities and private sector in identifying possible actions to improve the efficiency of the market. 880 migrants from eight different nationalities were interviewed during the summer 2009 in Prague. The nationalities selected represent the largest and most important migrant communities in the country: China, Moldova, Mongolia, Poland, Russia, Slovak Republic, Ukraine, and Vietnam.