Cross border remittances – non-formal remittances pressurizing financial institutions to innovate
Annually, migrants send hundreds of billions of dollars’ worth of remittances to friends and family in their home countries.
In Africa the remittance channel is complex. It involves a sender, a recipient, intermediaries in both countries, and the payment interface used
by the intermediaries. By being both formal and informal, it leaves the opportunity of many challenges to overcome – especially from traditional
With numerous small transactions conducted by individuals through many different channels, remittances to low and middle income countries
only showing slight recovery from recent years.
The landscape thus remains challenging with non-formal remittances pressuring financial institutions to innovate in order to maintain market share.
As is the aim of all TCI events, it is once again the objective to give attending delegates the opportunity to obtain first-hand knowledge from our speaker panel and to network with fellow delegates.
The conference is a two day event which will cover the latest trends, challenges and issues facing remittances and money transfers. This is the third consecutive year that this will be held. This is the definitive forum for understanding the remittances and money transfer landscape in the SADC region.
Speakers will cover the whole spectrum of remittances and money transfers – from transfers, to interbank, clearing and settlements to the rise of mobile money.