What is it about?
The high cost of transferring remittances through formal channels often drives migrants to rely on informal alternatives. This paper examines how the emergence of digital remittances is helping to reduce transaction costs and increase remittance flows to Sub-Saharan Africa.
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Why is it important?
The results highlight the importance of policymakers prioritizing digital remittance channels to achieve SDG Target 10.c: reducing remittance transaction costs.
Perspectives
I hope this paper will provide insights for countries to embrace digital remittances in order to increase remittance flows and reduce transaction costs: an important objective in achieving UN Sustainable Development Goal 10.c.
Umar Mohammed
Yildirim Beyazit Universitesi
Read the Original
This page is a summary of: Driving Change: Examining the Role of Digital Remittances in Achieving SDG 10.c, January 2025, Springer Science + Business Media,
DOI: 10.1007/978-3-031-80744-2_12.
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