With over 866 million registered accounts across 90 countries globally, mobile money is ideally placed to accelerate the formalisation, accessibility and affordability of international remittances. Today mobile money has evolved into a sophisticated value proposition that is shaping how people send and receive international remittances and providing a vital source of income for millions of migrants and their families.

On the occasion of the International Day of Family Remittances, this blog highlights some examples of how mobile money-enabled remittances can contribute to achieving the Sustainable Development Goals (SDGs) at a household, community, and national level; whilst facilitating Objective 20 of the Global Compact for Safe, Orderly and Regular Migration.

Click on the SDGs to learn more

According to UN estimates, there will be one billion senders and receivers by 2030, and $6.5 trillion will be sent via international remittances to developing countries between 2015 and 2030. This presents an important opportunity to create convergence between the goals of remittance families, governmental development objectives, and the commercial strategies of financial service providers.

For the fourth consecutive year at the GSMA,  we are glad to endorse the International Day of Family Remittances and  to renew our commitment to collaborate with stakeholders to build an enabling regulatory environment that supports faster, safer and cheaper international remittances.

To learn more about the positive impact of mobile money-enabled international remittances and to see our latest infographic, visit gsma.com/remittances.