Location: Central Asia

DigitRemit Morocco

Digit Remit Morocco

Digit Remit Morocco

This project aims to scale up efforts based on the PRIME Africa programme, an EU-funded initiative in seven African countries that supported the development of more accessible and affordable remittance channels while strengthening financial literacy and inclusion. By leveraging lessons learned from PRIME Africa, this project seeks to maximize the impact of remittances and expand the reach of formal financial services, particularly in underserved rural communities.

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Ensure the availability of timely,
accurate and reliable data on the national remittance market.

Data

Develop and scale initiatives that
increase access to inclusive digital remittances and expand financial inclusion for the rural population.

Digitalization

Contribute to strengthening policies and regulatory frameworks conducive to cheaper, faster, safer, and more inclusive remittances.

Enabling Environment

Programme Activities

Understanding the remittance market environment, diaspora behaviours, and their utilization by recipients in Morocco.

Facilitating digital remittances as a vehicle for financial inclusion and resilience.

Supporting public policies and fostering dialogue with the private sector at national regional and global level.

Guiding Principles

Innovation

Innovation is at the core of Digit Remit Morocco. The programme identifies, applies and promotes a range of both innovative products and business models.

Partnerships for success

Digit Remit Morocco benefits from partnerships with public, private, and civil-society actors, to enhance its impact and raise further awareness on the importance of leveraging remittances in Africa.

Country-level impact

Digit Remit Morocco is carrying out targeted initiatives in the selected countries with the full involvement of key partners, to leverage local resources and institutionalize core achievements for project sustainability.

Scaling-up approach

Digit Remit Morocco focuses on leveraging its achievements and impact in the target countries to promote policy changes, mobilize additional resources and enhance partnerships to bring the results to scale.

Central Asia

REMIT PRIME CENTRAL ASIA

REMIT PRIME CENTRAL ASIA

Increasing access to remittances and expanding digital financial inclusion of migrants, remittance recipient families and returnees in Central Asia, with a particular focus on Kazakhstan, Kyrgyz Republic, Tajikistan and Uzbekistan. The programme will run in partnership with the public sector, the private sector and civil society between 2024 and 2027.

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Enhance the enabling environment for affordable digital remittance markets by implementing supportive regulatory frameworks, fostering competition among service providers, investing in financial literacy programmes, and leveraging advanced technologies to reduce transaction costs and improve accessibility for underserved populations.

Affordability

Increase access to formal remittances and expand digital financial inclusion by developing robust digital infrastructure; promote partnerships between financial institutions and fintech companies; provide targeted outreach and education to marginalized communities; and implement policies that ensure affordable, secure and user-friendly remittance services for all.

Increased access and use of digital remittances

Promote sustainable financial and economic integration of remittance families and reintegration of returnees by implementing comprehensive support programmes that address their unique needs.

This involves providing financial education, vocational training, and employment services to enable them to make meaningful contributions to their communities.

Reintegration of returnee migrants

Programme Activities

Strategic market information enables a deeper and broader understanding of the market and enables targeted capacity building for key stakeholders in order to create and utilize remittance data.

Expand access to digital remittances through innovative business models and technologies, in close collaboration with public and private sector, particularly in rural communities.

Co-finance and promote innovative, replicable and scalable financial inclusion initiatives promoting the link between remittances and complementary financial services 

Develop interventions to include remittance-receiving families and returnees into agricultural finance and rural development programmes, with focus on women and youth in rural areas. 

Promote dialogue and cooperation on remittances markets between regulatory bodies, industry actors and diaspora communities across the region, to improve the national regulatory frameworks, address challenges and build opportunities for synergies and interventions.

Guiding Principles

Innovation

Innovation is at the core of PRIME AFRICA. The programme identifies, applies and promotes a range of both innovative products and business models

Partnerships for success

PRIME Central Asia benefits from partnerships with public, private, and civil-society actors, to enhance its impact and raise further awareness on the importance of leveraging remittances
in Central Asia.

Country-level impact

RIME Central Asia is carrying out country specific interventions with the full involvement of key partners, to leverage local resources and institutionalize core achievements for project sustainability.

Scaling-up approach

PRIME Central Asia focuses on leveraging its achievements and impact across the region and in the four target countries to promote policy changes, mobilize additional resources and enhance partnerships to bring the results to scale.

REMIT PRIME Central Asia Outputs

  • Policy Dialogue
  • Call for Proposals
  • RemitSCOPE Central Asia

Convene regulators, development agencies and private sector to influence policy, improve data and address market challenges

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Call for Proposals

The Call for Proposals was launched in Tajikistan, The Kyrgyz Republic and Uzbekistan.

The call for proposals aimed to address development opportunities by financing innovative cost-effective and replicable/scalable solutions and models that promote more digital usage of remittances, particularly in rural areas, and related financial services to ultimately improve income-generating opportunities for remittance-receiving families and migrant returnees.

RemitSCOPE Central Asia Coming Soon

The RemitSCOPE web portal compiles the latest remittance and remittance-related data, remittance market profiles and information on regulations.

It is a key resource for fintech entrepreneurs, remittance service providers and regulators to understand market trends, opportunities, barriers and to identify potential and existing partners.

www.remitscope.org.

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