DigitRemit 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.

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

Market intelligence

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

Digital Remittances

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

Policies

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

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.

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

Address the Data Gap

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 and financial education

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

• Foster financial inclusion initiatives linked to remittances

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

Economic integration of remittance families and returnees in rural areas

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.

Collaborative dialogue, partnerships and policy engagement for an enabling environment

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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PRIME AFRICA

PRIME AFRICA

The Platform for Remittances, Investments and Migrants’ Entrepreneurship in Africa (PRIME Africa) programme, co-financed by the European Union, is addressing development opportunities through innovations, partnerships, and scalable products that promote cheaper, faster, and safer remittance transfers both in the EU-Africa and intra-Africa corridors. By maximizing the impact of remittances for millions of families, PRIME Africa is fostering local economic opportunities in seven African countries.

In line with SDG 10.c to reduce remittance costs to 3% of the send amount by 2030.

PRIME Africa aims to reduce costs of remittances to senders in the European Union sending money to Africa and for intra-African remittances.

1. Cost Reduction

The past decade has shown that digitization is one of the most effective ways to reduce remittance costs, by standardizing processes and removing cash and agents.

Digitisation offers improved access in rural areas, financial inclusion, gender equality, security, remote onboarding and transaction authentication.

2. Digitalization

Access to a wallet or bank account removes the need for a agent and cash and helps to reduce cost, improve access, convenience and security.

Remittances are also a use-case for financial inclusion and remittance-linked financial products strengthen their transformative impact.

3. Financial Inclusion

It is estimated that a large proportion of remittances are still sent through informal channels.

For many people access to formal remittance services is challenged due to proximity to services, as well access to the formal identification and documentation.

4. Formalization

Programme Activities

Address the Data Gap

Strategic market data to facilitate and inform decision making across government, policy makers, projects and programmes, and businesses. Targeted capacity building to key stakeholders for improved remittance data creation and use and market intelligence.

Increase Market Competition

Expand access to remittances through close cooperation with public and private sectors, and additionally reduce significantly direct and indirect costs, and spur market competition.

Close the Gender Gap

Mainstream gender into all activities. Projects focused on targeting women to improve financial inclusion and and financial resilience and empowerment of migrants and women receiving remittances. Promote and support gender disaggregated data and impact analysis.

Support an Enabling Environment

Coherent national regulatory frameworks in both sending and receiving countries can foster competition in remittance corridors and enable safe, cheap and fast transfers.

Finance & Promote Business Models linking Remittances & Financial Services

Co-finance and promote innovative, replicable and scalable business models and technologies that link remittances to financial services, towards greater financial inclusion.

Finance Scalable Innovations & Related Capacity

Collaboration mechanisms in place among central banks, regulatory bodies, the private sector and diaspora communities in sending
and receiving countries; and strengthened capacity to adapt and scale up best practices within an operational framework that allows cooperation among partners.

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 Africa 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

PRIME Africa is carrying out initiatives in selected countries with the involvement of key partners, to leverage local resources and institutionalize core achievements for project sustainability.

Scaling-up approach

PRIME Africa focuses on leveraging achievements and impact in countries to promote policy changes, mobilize resources and enhance partnerships to bring the results to scale.

Ongoing Projects

The Gambia

Ghana

Kenya

Morocco

Digitalization and reduction of costs of international remittances for migrants and their families in Morocco

Senegal

Making the distribution of international remittances through rural agents and mobile wallets affordable, cost-effective and sustainable in Senegal.

South Africa

Uganda

Bringing competition to the Ugandan remittance market through open APIs, customer-centric platforms and SACCOs

Regional

PRIME Africa Outputs

PRIME NRSNs
Reports & Case Studies
RemitSCOPE
Outcomes - So Far

Prime Africa National Remittances Stakeholder Networks (NRSNs)

Regulators, development agencies and private sector convene quarterly in National Remittance Stakeholder Network (NRSNs) meetings to influence policy, improve data, consumer protection and address market challenges.

Over 140 remittance service providers and 16 regulatory and government representatives have become active members of the NRSNs, set up in all countries of interventions.