Akchabar allows consumers to compare remittances rates and products of commercial banks. In future we are going to launch an e-wallet. Our key market is CIS region.
CIS region has a huge labor migration and remittances volume. According to The World Bank in 2013 remittances volume from Russia to CIS countries is more than $20 billon*.
The World Bank projects 11% growth for remittance flow in Central Asia for next 3 years*.
* Migration and Remittance Flows: Recent Trends and Outlook, 2013-2016
Product prototype is available at www.akchabar.com (sorry, only in Russian)
P.S. Akchabar — is a turkish phrase, means "I have money", "Money is", etc (Akcha — money, Bar — there is, presence).
P.P.S. We are located in Bishkek, Kyrgyz Republic. Unfortunately our city is not in the list of Locations, so I've to choose neighboor city Almaty.
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