#Africa Fintech can cut remittance costs to a fraction
One of the most attractive uses for fintech is in enabling overseas remittances. A total of 19 African countries rely
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family remittances
Remittances, investments and the Sustainable Development Goals
Published on: August 10, 2017
Brief
Remittances can contribute to reaching the SDGs in a variety of ways. As a result of the Global Forum on NSB joins IFAD to celebrate first-ever International Day of Family Remittances
An interview with Chandula Abeywickrema, Consultant – Strategy and Marketing, National Savings Bank (NSB)
The first-ever International Day of Family Remittances declared by the International Fund for Agricultural Development (IFAD) is celebrated today (June 16) to primarily recognize the sacrifices made by 250 million international migrants worldwide on behalf of their families.
The Rome-based IFAD champions the development of global remittances by migrant workers living outside the country they call home.
Read moreRemittances Bring Economic Stability to Families and Countries, says IFAD President on International Day
On the International Day of Family Remittances, 16 June, Kanayo F. Nwanze, President of the International Fund for Agricultural Development (IFAD), calls for greater recognition of the vital financial contribution migrants make to the economic stability of their families and countries.
“The remittances sent back to relatives provide a lifeline, particularly to tens of millions of families living in fragile or post-conflict societies,” Nwanze said. “Remittances can help rebuild the fabric of societies, spark economic development, and bring the stability necessary for a hopeful future.”
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IDFR Resources
In recognition of the fundamental contribution of migrant workers to their families and communities back home, and to the sustainable
Read moreXpress Money, PNB roll out prepaid remittance card
Xpress Money has announced the launch of India’s first remittance card — the PNB Xpress Money Remit Card — in partnership with Punjab National Bank.
Read moreProspects and Challenges of Mobile Money on Nigerian Economy
Amaka Eze examines the prospects of mobile money services on Nigerian economy and the challenges leading to the slow-adoption of the process.
Read moreOman United Exchange plans to open two branches every year
Oman United Exchange Company (OUE), a joint venture between Oman Holdings International Co (OHI) and United Bank Limited (UBL) of Pakistan, plans to expand in Oman with an average of two branches every year, the general manager of the company said at a press conference held at Grand Hyatt recently.
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