EU and IFAD Launch New Initiative to Strengthen Financial Inclusion by Boosting Digital Remittances in Central Asia
This week IFAD launched the Platform for Remittances, Investment and Migrants’ Entrepreneurship (PRIME) Central Asia Initiative in Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan.
India Tops Global Remittances at $125 Billion in 2023: A Comprehensive Insight
The $125 billion influx signifies the unwavering commitment and support of the Indian diaspora to their families and communities.
Visa and Oxfam America to Explore Bringing Pre-Disaster Financial Support to the Philippines, Kenya, Colombia, and Puerto Rico
Visa recently teamed up with Oxfam America to serve as a payments partner in the Philippines, Columbia, Puerto Rico and Kenya.
Bancolombia and Terrapay Sign Contract to Strengthen Cross-Border Remittances Across Colombia
As part of their collective commitment to enhance financial inclusion, the two companies will enable seamless cross-border transfers, connecting Colombians living away from home with secure solutions to send funds to their loved ones in Colombia.
Remittances Remain Resilient but Are Slowing
This brief includes describes key developments in remittance flows and provides projections of remittance trends in 2023 in light of a slowing global economy, continued high inflation and increased interest rates, and Russia’s invasion of Ukraine and the conflict in Sudan.
Fintech Purpl to Democratize Remittances, Support Financial Inclusion Efforts in Lebanon
In the first phase, Purpl will only operate their cash out solution, as a technology provider, via the partnerships signed with international digital remittance companies and licensed local cash out partners on the ground in Lebanon.
African Money Transfer App NALA Launches in European Union
The launch adds 19 new European nations to NALA’s list of send markets. The NALA EU expansion also revealed integrations with both Apple and Google Pay.
Applying a Gender Lens to Digital Remittances
Digital remittances can form a gateway to better financial health and inclusion for migrants and their families. Yet one key factor influencing remittance behavior is often overlooked: gender.
How Do Digital Remittances Contribute to Women’s Financial Health?
Results from a UNCDF survey make clear the need for more gender-smart and migrant-centric remittance products.
Remittances to Latin America and the Caribbean in 2021: Migrant Efforts During the COVID-19 Crisis
This report focuses on the flows of remittances received by each country and sub-region in Latin America and the Caribbean in 2021 and hopes to provide input for decision-making on migration and remittances.