There is no doubt in the fact that mobile technology is transforming almost each domain of human life. With the arrival of this latest technology, people are switching from conventional ways of doing different tasks to more technologically advanced mechanisms of communication, services etc. Similarly, this tiny yet innovative gadget is also helping people across the globe to send and receive international remittances. So instead of relying on banks for money transactions etc. now people are using mobile phones for the same purpose.
This will simply help the common man at the end of the day who will be holding more money in hands while achieving the UN’s Sustainable Development Goals (SDGs). Hence, in a broader sense, this is another smarter way to deepen financial inclusion in the world.
GSMA Endorses the International Day of Family Remittances
In a recent report, GSMA highlighted the urgency of enabling mobile money remittances in few countries. GSMA further proudly endorsed the “International Day of Family Remittances” and come up with the ground breaking research on it while indicating its prospects, benefits and suggestions to increase the growth of mobile money remittances.
Read Complete Report Here: GSMA
Here are some of the positive impacts of mobile money on international remittances, as indicated by the GSMA in the report:
Please view Infographic on remittances: GSMA
For this purpose, mobile operators are performing key roles in the remittance space. The collaboration of operators throughout the ecosystem along with bold regulatory reforms will be further needed to spread financial inclusion to each part of the world.
GSMA endorses the “International Day of Family Remittances” and also calls on the ‘global community’ to do more in order to enable ‘mobile money remittances’