14 Jun Mobile money and international remittances: Enabling recovery during COVID-19
Mobile money and international remittances: Enabling recovery during COVID-19
Rishi Raithatha
Senior Advocacy Manager, GSMA
Since 2016, the GSMA has supported the International Day of Family Remittances (IDFR) – adopted by the United Nations General Assembly – which is observed annually on 16 June. This year, the GSMA is continuing to support the International Fund for Agricultural Development (IFAD), the custodian of the IDFR, by endorsing its theme: “Recovery and Resilience through Digital and Financial Inclusion”. This is especially relevant as the COVID-19 pandemic has prompted a shift to digital payments where cash would have previously been used – including for remittances. The use of digital remittances has helped to bring about financial resilience for many families in low- and middle-income countries (LMICs).