Friday
September 22
2017

GSMA launches industry guidelines on international remittances through mobile money

Mobile money has established itself as a critical tool for facilitating international remittances, while reducing remittance costs and maximising the impact of remittances on development. Because of its reach and growing use among underserved people, mobile money is uniquely positioned to transform formal remittance markets and to advance financial inclusion. Mobile money providers and their partners leverage technology to offer a more efficient business model and a better user experience to their customers, and they are committed to doing so in a safe and responsible manner.

To understand mobile money providers’ best practices, GSMA Mobile Money set up a working group comprising leading operator groups offering mobile money and international remittance hubs. We also sought guidance from a number of regulators and international experts.

Photo courtesy of AMISOM Public Information.

Source: GSMA Mobile for Development (link opens in a new window)

Categories
Inclusive Fintech
Tags
digital payments, financial inclusion, financial technology, fintech, migrants, mobile money, remittances