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Formalizing Remittances for Forcibly Displaced People: Findings from the Democratic Republic of the Congo
The lifeline provided by remittances can help advance financial inclusion among vulnerable populations
Over 164 million migrant workers make a living in a foreign country, and almost 26 million refugees have been forced to flee due to conflict. Unfortunately, while migrant workers are on the move, their data is not, often preventing them from accessing financial services or better jobs. Developing a digital identity system is one potential solution to this problem.
Large numbers of vulnerable communities continue to flee their home countries due to war and conflict. Settling in refugee camps, they are perceived by many financial institutions as too risky to serve. VisionFund International explores the opportunities and challenges in serving refugee communities in West Nile, Uganda.
Home to more than 600,000 Syrian refugees, Jordan hosts the second highest ratio of refugees in the world - 89 refugees per 1,000 inhabitants. In this blog post, Amarante Consulting shares what they learned from evaluating the Dig#ttances project, which explored digital solutions for refugees and the unbanked in Jordan.
Drawing on the findings from recently released market studies in Jordan and Uganda, here are the top five recommendations for financial service providers (FSPs) willing to contribute to the financial inclusion of refugees.
Did you know that 65.6 million people around the world are forcibly displaced? Among them, 22.5 million are refugees. Take this quiz to find out how much you know about refugees and their financial lives.