FinMark Trust insights at the G20 Cross-Border Remittances Conference
FinMark Trust shared insights at the G20 Remittances Conference on making cross-border payments in the SADC region faster, cheaper, and more inclusive.
We have launched a COVID-19 Tracker, The survey themes include health and risk behaviours, food security, income, work and job security, personal safety concerns, and access to government and community support. www.covid19tracker.africa
FinMark Trust shared insights at the G20 Remittances Conference on making cross-border payments in the SADC region faster, cheaper, and more inclusive.
This report offers a comprehensive analysis of South Africa–SADC remittance markets, exploring pricing, regulation, technology, and market dynamics to identify opportunities to enhance efficiency, reduce costs, and promote financial inclusion.
At a G20 Finance Track side event co-hosted by the South African Reserve Bank and BIS’s CPMI, Our CEO, Brendan Pearce, shared insights on regional remittances and improving cross-border payments.
Explore the impact of cross-border remittances from South Africa to Zimbabwe. The IOM commissioned this in-depth study to examine the role of cross-border remittances in households in Zimbabwe.
Families' access to financial resources is crucial for building thriving communities and fostering economic growth. Remittances, as a vital source of income, provide millions of people with the means to meet their basic needs.
This pocket guide highlights key findings from the market assessment of remittance flows into and out of South Africa using SARB data and a mystery shopping exercise looking at the costs of remitting via various channels, from South Africa.
FinMark Trust conducted a market assessment of remittance flows into and out of South Africa using SARB data and a mystery shopping exercise looking at the costs of remitting via various channels, from South Africa to other countries in the SADC.
To celebrate this milestone in our own development – and for the development of the financial inclusion landscape over the past 20 years, we will be hosting a series of webinars.
Sharing what the latest prices across various channels are – and discussing some of the most prominent developments in the market with experts from the field.
Presentation on sharing the most recent prices across various channels – as well as addressing some of the market's most significant changes with experts from the field.
South Africa and Eswatini Remittances Corridor Diagnostic, this report is a compilation of research findings to inform the implementation of the IFAD’s Financial Inclusion and Cluster Development (FINCLUDE) programme in Eswatini.
Our panellists discuss cross border remittances and domestic payments in selected SADC countries and the challenges faced by payments service providers.
View the presentations on the effects of COVID-19 on domestic payments and cross-border remittances in the SADC region below.
In South Africa to the rest of SADC, Remittance Pricing report, presented are the findings from a mystery shopping exercise
Informal remittance markets in many countries are well established but often expose the remitter to delays and the risk of theft and other losses.
Read more on the research findings on cross border remittances from South Africa to the rest of SADC 2020.
View the webinar on the research findings - cross border remittances from South Africa to the rest of SADC here
Interview with FinMark's CEO - Brendan Pearce on the FMT remittance strategy.
What are the various remittance products and what are their implications for consumers?
Applying the Risk-Based Approach – Undertaking AML/CTF Risk Assessment of low-value remittance and banking products and services in South Africa
Below is an extract of our conversation, offering unique insight into a product impacting the lives of hundreds of thousands of migrants across South Africa:
While financial inclusion has risen to 68% globally, Sub Saharan Africa continues to lag with only 32% of its citizens having an account at a financial institution.
The Shoprite cross-border money remittance product reached the R1 billion mark in January 2019
Watch our video where we speak to four of our beneficiaries to hear how our work in KYC, remittances and the risk-based approach are actually making a difference
The DRC has a long standing history of migrant flows, and historically flows to and from Europe have been of particular importance.
The DRC has a long standing history of migrant flows, and historically flows to and from Europe have been of particular importance.
The current global remittance market is estimated to be in the region of USD 500 billion annually and is expected to grow in future.
SADC migrants in South Africa remit approximately R16.6 billion home annually.
Access to formal remittance services is difficult for many migrants because of the onerous documentation requirements.
This report was commissioned by FinMark Trust and carried out through Genesis to assess the cost of cross-border remittances in South Africa.
Remittance markets comprise both a commercial opportunity for financial sector operators, and an important means of supporting impoverished communities.
This report provides an update on the available money transfer offerings that facilitate remittance flows from South Africa to other countries in SADC.
See the results of the Lesotho cross-border transaction volumes and values for 2015.
Why Payment Systems matter to Financial Inclusion
It is well known that there are large remittance flows from South Africa to other countries in the SADC region and that a substantial proportion of such flows are informal
The focus of this study was to gain insight into remittance behaviour and patterns of the SADC migrant population
See the South Africa-SADC remittance channel report here.
FinMark Trust commissioned a research report that provided, amongst other findings, an initial estimate of the size of the SADC remittance market.
Understanding the last mile in cross-border money transfers from South Africa to Zambia.
This focus note highlights our experience as 'mystery shoppers'; presents pricing data collected from banks, the Post Office and SWIFT.
This study, entitled the Zimbabwe Remittance Corridor Think Piece, was commissioned by Cenfri, on behalf of the FinMark Trust
Understanding the last mile in cross-border money transfers from South Africa to Zambia
The intra-SADC remittance market is estimated to comprise at least R6.2bn in annual cross-border flows (or approximately US$1bn).