Home News GSMA and MasterCard piloting a programme to make it far easier and cost-effective to transfer remittances globally

GSMA and MasterCard piloting a programme to make it far easier and cost-effective to transfer remittances globally

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The GSM Association has launched a pilot programme aimed at tapping the ubiquity and ease-of-use of mobile communications to enable the world’s 200 million international migrant workers to easily and securely send remittances to their dependents, many of whom don’t have bank accounts. By exploiting the extensive reach of the mobile networks, the programme will complement existing local remittances channels and make transferring money internationally significantly more affordable.

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