In recent years, digital remittances have gained significant traction due to the proliferation of mobile networks, the emergence of fintech startups, and initiatives promoting digital payments. As a result, the volume of remittances to Africa has been growing steadily over the past decade. The advent of digital technology has revolutionized various sectors globally, and the remittance industry is no exception. It has facilitated easier and more cost-effective transfer methods.
Mobile money services, in particular, have seen a surge in usage as a major remittance channel, facilitating financial inclusion and promoting the development of an entire related ecosystem. The transition into the digital age and the adoption of digital remittances presents a new set of challenges. Yet, understanding these challenges is the first step towards overcoming them and unlocking the potential of digital remittances
In this context, the United Nations Office of the Special Adviser on Africa (OSAA) is collaborating with the International Fund for Agricultural Development (IFAD) to organize a webinar on “Embracing Digitalization of Remittances in Africa” on Wednesday, 20 November, 9:30-11:00 (EST).
This webinar aims to shed light on the considerable developmental potential of the digitalization of remittances, positioning them as pivotal contributors to Africa’s development agenda. Join us for this insightful discussion as we uncover how embracing the digitalization of remittances can catalyze economic growth and empower communities across Africa.
