Digitalisation of communities and enhancing remittances
Remittances continue to be a lifeline for the families of migrant workers, making it essential for the transfers to be fast and cheap. Digitalisation can help bring costs down while also increasing the speed at which the transfers are completed. Nevertheless, regulatory barriers will continue to prevent the reach of remittances. This DMI roundtable focuses on how costs of remittances remain too high and how new technological solutions could be implemented to prevent inefficiencies in cross-border transfers, and how reform of regulation could be necessary to bolster economic empowerment.
Speakers:
Dong He, Deputy Director of MCM, International Monetary Fund
Matthew Saal, Head of Digital Finance, International Finance Corporation
Ruben Salazar Genovez, Global Head of Visa Direct, Visa
Alex Holmes, CEO, Moneygram
Timings:
11:00-12:00 (New York)
16:00-17:00 (London)
In partnership with:Â
This meeting will be conducted under the OMFIF Rules.
This virtual discussion is part of the OMFIF Digital Monetary Institute. The OMFIF Digital Monetary Institute is a high-level forum which convenes key policy-makers, technology experts, investors and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here. Please contact folusho.olutosin@omfif.org directly for membership details or register your interest below and we’ll be in touch.
