Informal Banking

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  • 1 Types
August 31, 2024 4 min read Definitions
Hawala: Informal Value Transfer System
Finance Economics Hawala Remittance Informal Banking Financial Systems Trust-Based Transfer
Hawala, a remittance system operating parallel to conventional banking, relies on trust and regional affiliations. It was developed in India before the advent of western banking.
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August 31, 2024 4 min read Definitions
Hundi: Informal Money Transfer System
Finance Banking Economics Money Transfer Informal Banking South Asia Remittances Trade
Hundi refers to an informal financial instrument used for transferring money, predominantly in South Asia. Originating centuries ago, it remains a key conduit for remittances and trade, operating outside formal banking channels.
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August 24, 2024 3 min read Definitions
Hawala: Informal Money Transfer Without Physical Currency Movement
Finance Economics Hawala Money Transfer Informal Banking Financial Regulations Currency Movement
Learn about Hawala, an informal system for transferring money without the physical movement of currency. Discover how it works, its legal status, and government regulations.
Read more about Hawala: Informal Money Transfer Without Physical Currency Movement.

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