Articles & Guides(11)
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Hawaladar
What is Hawaladar. A hawaladar is an individual or entity that acts as an intermediary within the hawala system, facilitating the transfer of value between two parties without using formal banking channels.
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Hawala Transfer (HT)
Discover the essentials of Hawala Transfer, an informal yet widely used method for global money transfers. Learn about its uses, benefits, and who typically utilizes this system for quick and cost-effective international transactions.
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Kamaitee System
What is Kamaitee System. The kamaitee system is an informal, community-based savings and credit mechanism primarily practiced in South Asia, including Pakistan, India and Bangladesh.
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Informal Value Transfer System (IVTS)
What is Informal Value Transfer System (IVTS). An informal value transfer system (IVTS) refers to methods of transferring money or value outside the traditional, regulated banking system.
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Mattress Cash (MC)
What is Mattress Cash. Mattress cash refers to the practice of holding money in physical form typically cash outside the formal banking system, often stored at home or in other private locations.
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Informal Banking (IB)
What is Informal Banking. Informal banking refers to financial activities that operate outside licensed and regulated financial institutions. These systems exist alongside Formal Financial Systems and are commonly used where access to traditional banking services is limited, costly, or slow.
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White Hawala
What is White Hawala White Hawala refers to undocumented financial transactions where the source and use of funds are entirely legitimate, with no involvement of illegal or laundered money.
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Phoe Kuan
What Is Phoe Kuan. Phoe kuan is a traditional community‑based savings and credit practice found in parts of Southeast Asia. It works like an informal cooperative where a group of people contribute money regularly into a common pool.
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Shadow Banking (SB)
What is Shadow Banking Shadow banking refers to a network of financial intermediaries that provide bank-like services outside the scope of traditional banking regulations.
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Chit Funds System of India
What is Chit Funds System of India. The chit funds system of India is a traditional savings and borrowing mechanism widely used across the country, especially in semi-urban and rural areas.
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Black Hawala(BH)
What is Black Hawala. Black hawala refers to undocumented financial transactions that involve funds sourced from illegal or questionable activities. It operates outside formal banking and regulatory systems, making transactions difficult to trace or verify.
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