IFAD Remittance Innovation Toolkit
This toolkit provides guidance on improving access to secure and swift remittance services through enhanced identity verification and customer due diligence (CDD) practices.
MobileRemit Africa - IFAD
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Publication | 12 July 2022
MobileRemit Africa
The important role family remittances play in transforming local economies in low- and middle-income countries is broadly recognised by policy makers and the international community. Yet, barriers of cost, security, and convenience remain, hindering the full transformational potential of remittances.
In response, IFAD developed MobileRemit Africa as a key instrument of the Platform for Remittances, Investments and Migrants’ Entrepreneurship in Africa (PRIME Africa) initiative, co-financed by the European Union and initially implemented in seven African countries along with their main remittance corridors.
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