The Paul Sumerall Memorial Scholarships have been established by Merchants Bank of California in order to promote research and investigation in the area of International Money Transfers and Cross-Border Remittances.
The fields of study can range from financial, economic, social, development, migration and diaspora related, technical advances, consumer behavior, regulatory and compliance related issues, alternative payment methods, market penetration, new products and services, pricing, competition, Bank & Non-Bank partnerships, government programs, etc.
The Paul Sumerall Memorial Scholarships will be granted to worthy college/university students, graduate students and researchers who demonstrate an interest in the money transfer and remittance industry and who conduct or participate in studies in fields directly related to the international transfer of funds, in any country in the world.
To be eligible the candidate must fill the online application. The candidate needs to provide all the information required about him or herself and answer a series of questions about the money transfer project.
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Scholarship funds can be used by students for any type of expense related to fieldwork, survey, travel, supplies, etc. upon supervision and approval from the advisor. We expect to receive at completion a copy of the results, document or presentation summarizing the study funded.