A key finding of these diagnostics was that know-your-customer (KYC) and customer due diligence (CDD) procedures are key impediments in enabling remittance access by low-income and rural households.
Theme: Digitalization
Maximising the impact of remittances sent by low-income migrants in South Africa to their remittance-receiving families in Mozambique and Zimbabwe through a cost-effective and simplified KYC transactional account.
Enhancing the economic empowerment of Kenyan remittance senders in Germany and Uganda, and rural recipients through cost-effective digital channels and enabled access to financial services.
Expanding digital financial inclusion through international mobile remittances in rural Senegal with the aim to strengthen the resilience of rural populations in Senegal by improving access to affordable money transfer methods for the Senegalese diaspora in France.
Initiative aims to enhance the financial resilience and economic empowerment of remittance families through cost-effective digital channeling and safeguarding of remittances.
This project targets Ghana and its remittance corridors from Germany and the Netherlands. The project fiche provides a detailed overview of the project goals and activities, highlighting the strategies employed to optimize remittance flows. It outlines the expected results to be achieved by the end of the project period, aiming to enhance financial inclusion, reduce transaction costs, and support economic growth in Ghana.
The project is implemented by Fidelity Bank Ghana in partnership with Viamo targetting 12,000 remittance recipients in the rural Brong – Afaho and Central regions of Ghana receiving the greatest inflow of cash-based remittance through Fidelity Bank.
This project fiche provides a detailed overview of the project goals and activities, along with expected results by the end of the project period.
This analysis is a working document that will be updated and modified as additional information is gathered. Currently, the report presents an assessment of the Senegal remittance market. This first report will be consolidated by analyzes relating to two specific remittance markets (corridors) to Senegal, accompanied by a study of demand.
This research is part of a broader diagnostic series under the Platform for Remittances, Investments, and Migrants’ Entrepreneurship in Africa (PRIME Africa) initiative. Available for download on the RemitSCOPE web portal, this series provides an in-depth analysis of the remittance market across selected African countries. Senegal’s market shows competitiveness and progress towards achieving SDG 10.c on remittance costs, though there is still potential for improvement in digitalization and financial inclusion.
