The Centre for Risk, Compliance & Governance Studies
  • Register
  • About Us The Journal
    Knowledge Hub
    Latest News Knowledge Articles Case Studies Opinion & Insights Glossary
    Events Certificationsgirld Contact Us
    Register

    Informal Value Transfer System (IVTS)

    An Informal Value Transfer System (IVTS) transfers money or value outside of traditional banking channels, often based on trust and community networks. These systems, such as Hawala or Hundi, are widely used in regions with limited banking access.